Financial Performance - Operating income for the basic benchmark was $16.255 billion, representing a 15% increase year-on-year[4]. - Pre-tax profit for the basic benchmark was $16.318 billion, reflecting a 16% year-on-year growth[4]. - Total operating income for the year reached $16.255 billion, with a basic benchmark of $16.318 billion[21]. - The group reported a 15% increase in revenue to $16.3 billion, marking the best performance since 2014[40]. - In 2022, the company achieved a revenue growth of 15% to over $16 billion, the highest since 2014, with approximately half of the growth coming from core business expansion[51]. - The pre-tax profit increased by 15% year-on-year to $4.8 billion, despite challenges in the wealth management sector[51]. - The company reported a 31% increase in pre-tax operating profit to $4.1 billion, primarily due to revenue growth[162]. - Basic operating income rose by 19% to $10.045 billion, benefiting from interest rate increases and strong macro trading activity in financial markets[162]. Shareholder Returns - Total shareholder return increased by 41%, up 43 percentage points[4]. - The total dividend was increased by 50% to $0.18 per share, with a new share buyback plan of $1 billion announced[40]. - The tangible shareholder equity return reached 8%, with a target to increase it to nearly 10% in 2023 and over 11% in 2024[51]. - The company aims to provide at least $5 billion in tangible shareholder returns by the end of 2024[40]. - Over $5 billion will be sustainably distributed to shareholders from 2022 to 2024, compared to $2.8 billion in 2022[92]. Capital and Liquidity - The common equity tier 1 capital ratio reached 14.0%, at the top end of the target range of 13-14%[4]. - The group has a strong liquidity position and robust capital levels, with asset quality remaining high[40]. - The common equity tier 1 capital ratio was 14.0%, positioned at the high end of the target range of 13-14%[47]. - The common equity tier 1 capital ratio reached 14%, at the top end of the group's target range of 13-14%[100]. Sustainability and Social Responsibility - The bank has achieved 85.7% of its sustainability goals, an increase of 2.8 percentage points[4]. - The company facilitated sustainable financing of $23.4 billion in 2022, aiming for $30 billion by 2030[41]. - The company is committed to achieving net-zero financing emissions by 2050, supporting a fair transition[41]. - The company aims to promote $300 billion in sustainable financing by 2030, having already facilitated $48 billion in the past 21 months[58]. - The company is committed to achieving net-zero emissions and enhancing community participation as part of its strategic focus[118]. Market Presence and Customer Base - The bank serves over 10 million personal and small business customers, focusing on affluent and emerging affluent clients in rapidly developing cities[15]. - The Asia region generated $11.213 billion in operating income, contributing the highest revenue, followed by Africa and the Middle East at $2.606 billion[22]. - The group operates in 59 markets and serves clients in an additional 64 markets, focusing on high-growth emerging markets[28]. - Trust Bank in Singapore attracted 450,000 customers within the first five months of its launch[41]. - Mox bank achieved a customer base of over 400,000, doubling year-on-year, with an average of 3.1 products per customer[180]. Strategic Initiatives and Innovation - The company continues to invest in digital and sustainable business capabilities to drive sustainable growth[58]. - The company aims to become a leading digital banking platform by 2025, focusing on four strategic priorities: network business, affluent client business, mass retail banking, and sustainability[118]. - The company has established new digital partnerships in China, India, and Vietnam to enhance banking experiences for small businesses[100]. - The company plans to achieve 50% of its revenue from new business through a three-pronged innovation approach, including digital transformation and establishing new business models[120]. - The company launched Trade Track-It, a digital trade transaction portal, allowing customers to view their global trade transactions end-to-end[148]. Economic Outlook and Challenges - The global GDP growth slowed to approximately 3.4% in 2022, down from 6.0% in 2021, primarily due to rising inflation and tightening monetary policies[66]. - Global growth is expected to weaken to 2.5% in 2023, with the US projected to contract by 0.2% and the UK by 0.5%[68]. - Inflationary pressures and a tight labor market may lead to stagflation becoming a primary concern for central banks in the coming quarters[69]. - The tightening of monetary policy in 2022 is expected to have a delayed impact, with several central banks likely to raise interest rates further[79]. - The US and Eurozone are facing high risks of economic contraction in the first half of 2023, with significant declines in growth anticipated due to high inflation and central bank tightening measures[79].
渣打集团(02888) - 2022 - 年度财报