Investor Presentaiton
Focused strategic direction has enabled us to significantly
exceed our medium-term targets
ROE target of > 10% reached in 2021 – revised target of >13% reached in 2022 and 2023
Operating in an attractive market
With a unique position
And a track record of delivering
10
>10%
Target
0.6%
2019
>10%
6.5%
2020
14.7%
14.1%
13.6%
>13%
>13%
>10%
2021
Cost to income target of 50% reached in 2020 - revised target of <45% reached in 2021 and 2022
56.0%
~50%
2019
~50%
48.1%
2020
Income to REA of >6.5% reached in 2020, revised target of >6.7% reached in 2021
6.4%
2019
7.0%
>6.5%
2020
<45%
44.4%
2022
<45%
44.0%
2021
2022
7.6%
>7.3%
6.7%
>6.7%
2021
* Core income: Net interest income, Net fee and commission income and Insurance service results (excluding operating expenses from insurance.) Operating
expenses from insurance are included in cost when calculating cost to core income ratio
2023
Target revised to cost to core income
of <48% and reached in 2023
<48%
44.7%
2023
Target revised to core income to
REA of >6.7% and reached in 2023
7.1%
>6.7%
2022
2023View entire presentation