Investor Presentaiton
Results
Transformation programme - RWA saves
FY20 RWA savings, $bn
24.4
9.9
o/w client
optimisation: $5.4bn
o/w Global Markets:
$17.0bn
9.4
51.5
7.8
NRFB in Europe
and the UK
US
GBM
ex. US
and NRFB
Other
FY20
saves
FY20 highlights
FY20 & 4Q20 results
$51.5bn of saves over FY20*, primarily in GBM
NRFB saves of $24.4bn, with $17.0bn in Global Markets. UK
NRFB reductions of $16.5bn includes $15.6bn related to Global
Markets.
US reductions of $9.9bn, mainly in Global Markets and from
client optimisation
Other RWAs of $7.8bn mainly in CMB in UK RFB and Asia
♦ Expect c.$30bn of saves over FY21
Saves by global business
◆ Total GBM reductions of $37.4bn8; c.60% in Global Markets
primarily from novation and exits of positions and c.40% in Global
Banking primarily from client exits and remediation
CMB reductions of $12.9bn largely in Europe, the UK RFB, Asia
and US from portfolio and client optimisation
*Note: In 2020, we achieved gross RWA reductions of $51.5bn, taking our cumulative RWA reductions to $61.1bn when including accelerated transformation saves of $9.6bn made over 4Q19
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