Investor Presentaiton
Results
Capital adequacy
CET1 ratio, %
(0.0)-
0.2
0.1
(0.4)
15.9
15.6
0.4
3Q20
Change
in RWAs
FX translation
differences
Software
capitalisation
benefitā¹
Other
Dividend
4Q20
CET1, $bn
133.4
4.3
2.1
(0.6)
(3.1)
136.1
RWAs, $bn 857.0
(22.7)
20.9
2.3
857.5
Capital progression
4019
1Q20
2020
3Q20
Common equity tier 1 capital, $bn
124.0
125.2
128.4
133.4
Risk-weighted assets, $bn
843.4
857.1
854.6
857.0
4020
136.1
857.5
CET1 ratio, %
14.7
14.6
15.0
15.6
Leverage ratio exposure,
$bn
2,726.5
2,782.7
2,801.4
2,857.4
15.9
2,897.1
Leverage ratio 10, %
5.3
5.3
5.3
5.4
5.5
FY20 highlights
FY20 & 4Q20 results
CET1 ratio of 15.9%, up 0.3ppts vs. 3Q20;
including the impact of software capitalisation
benefits and favourable FX movements
CET1 ratio increased 1.2ppts from 14.7%
at FY19, mainly from cancellation of the 4Q19
dividend, increases in retained profits and other
comprehensive income
Reported RWAs up $14.1bn (2%) vs. 4019
from credit migration of $29.7bn and FX
movements of $13.1bn, offset by $52bn of
gross RWA saves
Expect increase in RWAs from regulatory
changes of c.5% over 2022-23, including the
impact of Basel 3 reform, amendments to CRR
and changes to internal models under the IRB
approach, before any mitigating actions
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