Financial Performance - Operating income totaled $14.713 billion, with a basic benchmark of $14.701 billion[17] - Pre-tax profit was $3.896 billion, representing a 55% increase from the basic benchmark of $3.347 billion[12] - The return on tangible equity was 6.0%, an increase of 300 basis points from the previous year[12] - Earnings per share were 76.2 cents, up from 40.1 cents in the previous year[12] - The total shareholder return for 2021 was +32.6%, a significant improvement compared to -34.6% in 2020[59] - The company plans to return over 5 billion to shareholders over the next three years through dividends and share buybacks[55] - A final dividend of 2.77 billion, or 9 cents per share, was proposed, representing a one-third increase compared to 2020[54] - The company reported a 67% increase in pre-tax profit to $644 million, driven by revenue growth and reduced impairment[176] - Profit before tax increased by 108% to 3,347 million, with net profit for the year rising to 2,313 million, compared to 751 million in the previous year[186] Capital and Liquidity - The common equity tier 1 capital ratio stood at 14.1%, exceeding the target range of 13-14%[12] - The company maintained a strong capital position with total assets of $828 billion[111] - The company's common equity tier 1 capital ratio stands at 14.1%, expected to adjust to 13.5% after upcoming regulatory changes[181] - The group maintains high liquidity and capital adequacy, preparing well for the coming year[71] Sustainable Development and Environmental Goals - The company announced a net zero emissions roadmap, aiming to reduce financed emissions and allocate 300 billion for green and climate transition financing by 2030[57] - The company aims to achieve net-zero carbon emissions in its operations by 2025 and in its financing activities by 2050[129] - The company plans to mobilize $300 billion for green and transition financing from 2021 to 2030 to support the transition to net-zero[137] - The company is committed to supporting 500,000 businesses to improve working and environmental standards, promoting fairer economic growth[140] - The company has set a target to reach 82.9% of its sustainable development goals, up from 78.4% in 2020, while reducing its carbon footprint by 27%[128] Customer and Market Engagement - The business serves over 22,000 clients in 49 markets, supporting demand for transaction banking and corporate financing[19] - The personal, private, and SME banking segment serves over 9 million individual and small business clients, focusing on affluent and emerging affluent customers[20] - The group operates in 59 markets and provides services to an additional 83 markets[44] - The group has a strong presence in Sub-Saharan Africa, with the most operating markets among international banking groups[46] - The partnership with Bukalapak aims to provide digital financial services to 17.1 million micro and small enterprises and over 110 million individual users in Indonesia[68] Digital Transformation and Innovation - The company invested in digital transformation, with over 10,000 engineers working on scalable technology solutions[111] - The introduction of the My RM app aims to enhance service for affluent clients in Singapore, doubling the number of relationship managers[97] - The company has established a unique business network connecting emerging high-growth markets with more mature economies[41] - The average time from approval to technology launch has improved to 7.6 weeks from 12.0 weeks in 2020[127] Risk Management and Asset Quality - The overall asset quality is strong, and the company is optimistic about its recovery trajectory[70] - The company emphasizes effective risk management to ensure sustainable business development[107] - The risk-weighted assets for the company were $163 billion, with a reduction in low-return customer risk-weighted assets from 19.5% in 2020 to 17.8% in 2021[143][144] - Total credit impairment decreased to 263 million, down 2 billion from the previous year, reflecting a significant improvement[198] Economic Outlook - The global economic growth is expected to continue, with Asia remaining the fastest-growing region[70] - The Eurozone is expected to rebound by 4.0% in 2022, outperforming the US's anticipated growth of 3.4%[92] - The economic recovery in Hong Kong is forecasted at 2.3% for 2022, bolstered by the normalization of global trade[93] - Emerging markets may face permanent economic output losses due to the pandemic, making it harder to catch up with developed markets[90] Employee and Community Engagement - The company has supported over 300,000 young people through the Futuremakers program, enhancing their education and employment capabilities[62] - The company continues to invest in employee skills and innovation, with 73% of employees in 28 markets signing hybrid work contracts in 2021[130] - The board is committed to maintaining a strong governance culture, focusing on sustainability and the company's net zero emissions goals[61]
渣打集团(02888) - 2021 - 年度财报