渣打集团(02888) - 2024 - 年度业绩

Financial Performance - The group's operating income increased by 14% to $19.7 billion, with a 12$10.4 billion, and non-interest income increased by 20% to $9.3 billion[8]. - The group reported a 39.2 cents increase in basic earnings per share to 168.1 cents, and a 32.7 cents increase in reported earnings per share to 141.3 cents[8]. - Revenue growth for the year was reported at 14$44 billion in 2024, a 61% increase from the previous year[26]. - The wealth solutions business saw a 36% increase in revenue to 561 million in the fourth quarter compared to 412 million in 2023[81]. - The company aims to achieve net new fund inflows of $200 billion between 2025 and 2029, with wealth solutions business revenue expected to grow at a double-digit CAGR during the same period[31]. Shareholder Returns - The group announced a share buyback plan of$1.5 billion and proposed a final dividend of 28 cents per share, totaling $4.9 billion in shareholder distributions since the full-year results of 2023[7]. - The company plans to return at least 8 billion to shareholders from 2024 to 2026 and aims to increase the annual dividend per share over time[10]. - The company announced an increase in annual dividends to 37 cents per share, representing a 37$4.9 billion, with a proposed final dividend and a $1.5 billion share buyback plan[27]. Credit and Risk Management - The credit impairment charge increased by 5$555 million, with a loan loss rate of 19 basis points, up 2 basis points from the previous year[8]. - Credit impairment charges amounted to 130 million, with 185 million from wealth management and retail banking, reflecting a slight quarterly increase due to rising interest rates[10]. - The company retained additional provisions of 70 million related to risks in the Chinese commercial real estate sector[59]. - The company is actively monitoring macroeconomic changes, including market and interest rate volatility, regional conflicts, and geopolitical tensions, to adjust its credit strategies accordingly[122]. - The company is closely monitoring affected industries and clients, implementing early warning systems and adjusting credit ratings as necessary[121]. Capital and Liquidity - The common equity tier 1 capital ratio stood at 14.2%, above the target range of 13-14%[8]. - The liquidity coverage ratio stood at 138%, indicating prudent asset and liability management[42]. - The common equity tier 1 capital ratio is targeted to remain flexible within the range of 13-14%[10]. - The total capital ratio was 21.5%, reflecting a decrease of 7 basis points from the previous quarter[69]. - The leverage ratio in the UK was 4.8%, significantly above the minimum requirement of 3.7%[71]. Operational Efficiency - Operating expenses are projected to be below 12.3 billion in 2026, with cost savings of approximately 1.5 billion expected from efficiency initiatives[10]. - The cost-to-income ratio improved to 51.0% in 2024 from 59.4% in 2023, showing a significant enhancement in operational efficiency[73]. - The company aims to achieve a tangible shareholder equity return close to 13% by 2026, focusing on strong revenue growth and operational efficiency[41]. - The company is investing in new technology development, aiming to enhance operational efficiency and customer experience[186]. Strategic Initiatives - The company established a long-term strategic partnership with Apollo to support financing for global infrastructure and clean energy transitions[26]. - A total investment of 1.5 billion dollars is planned to enhance services for affluent clients, with a goal of attracting 200 billion dollars in net new inflows over the next five years[15]. - The company aims to achieve net-zero emissions by 2025, marking a significant milestone in its sustainability efforts[16]. - The company is committed to enhancing community engagement and addressing urgent social changes as part of its corporate strategy[15]. Market and Economic Outlook - The company expects operating income to grow at a compound annual growth rate of 5-7% from 2023 to 2026, with 2025 growth anticipated to be below this range[10]. - The company anticipates that the global economic growth rate will slightly slow from 3.2% in 2024 to 3.1% in 2025, before accelerating to 3.3% in 2026[38]. - The geopolitical landscape and technological changes are expected to create new risks and opportunities in trade corridors and sustainable development[21]. - The company is preparing for the implications of the upcoming U.S. presidential election in November 2024, which may alter relationships with traditional allies[132]. Technology and Innovation - The company is enhancing its modeling capabilities to understand the financial risks and opportunities presented by climate change[148]. - The company is focusing on attracting and retaining talent by aligning work with personal goals and investing in skill development[156]. - The company is enhancing data risk management capabilities and controls to comply with Basel Committee's 239 requirements[154]. - The company is actively monitoring regulatory developments related to sustainable finance, ESG, digital assets, and artificial intelligence[155].