Financial Performance - Standard Chartered PLC reported a full-year revenue of $19.2 billion, representing a 10% increase compared to the previous year[8]. - The bank's net profit for the fourth quarter was $1.5 billion, up 15% year-over-year[8]. - Operating income rose by 10% to $17.4 billion for the year, with net interest income increasing by 23% to $9.6 billion[9]. - The company achieved a tangible shareholder return of 10.1% for 2023, an increase of 2 percentage points[9]. - The company reported a basic earnings per share of $128.9 for 2023, compared to $97.9 in 2022, reflecting a significant increase[13]. - The pre-tax profit for Q4 was $5.7 billion, up 27% on a constant currency basis[10]. - The company reported a pre-tax profit of 5,678 million for 2023, compared to 4,645 million in 2022, showing an increase of about 22.2%[97]. - The net profit for the full year 2023 reached 3,462 million, an increase of 19% from 2,902 million in 2022[86]. Customer Growth and Deposits - Customer deposits increased by 8% to $300 billion, reflecting strong growth in retail banking[8]. - The retail banking customer base grew by over 1 million to 9.5 million, with 224,000 retail customers promoted to affluent status in 2023[20]. - The number of affluent customers increased to 2.3 million, contributing to a net inflow of new funds of $29 billion, a 50% year-on-year increase[20]. - Customer deposits reached HKD 155,446 million in Hong Kong, up from HKD 138,713 million in Q4 2022, reflecting a growth of 12%[84]. Operational Efficiency - The bank's cost-to-income ratio improved to 54%, down from 56% in the previous year, indicating better operational efficiency[8]. - The cost-to-income ratio (excluding bank levies) improved to 63.4% in Q4 2023 from 65.4% in Q4 2022[13]. - The cost-to-income ratio improved to 55.1% in Q4 2023, compared to 54.8% in Q4 2022, indicating better operational efficiency[49]. - The cost-to-income ratio improved to 49.9% in Q4 2023 from 58.6% in Q4 2022, indicating better operational efficiency[84]. Strategic Initiatives - Standard Chartered expects a revenue growth of 8-10% for the upcoming fiscal year, driven by increased demand in Asia[8]. - The bank plans to invest $1 billion in technology and digital transformation over the next three years to enhance customer experience[8]. - The company has initiated a strategic partnership with fintech companies to enhance its digital offerings and streamline operations[8]. - The company is focused on becoming a leading digital and data-driven bank, enhancing customer experience through product innovation and sustainable finance[51]. Sustainability and ESG Goals - The bank is committed to achieving net-zero carbon emissions by 2050, aligning with its ESG goals[8]. - The company is committed to supporting the development of renewable energy and electric vehicle industries for sustainable economic growth[18]. - The company has adopted the Taskforce on Nature-related Financial Disclosures to enhance sustainability efforts in diverse markets[16]. - The company is closely monitoring regulatory developments related to sustainable finance and ESG, responding through industry organizations[124]. Shareholder Returns - The company announced a 50% increase in annual dividends, totaling $728 million for the year[10]. - The company aims to return at least $5 billion to shareholders from 2024 to 2026 and plans to continue increasing the annual dividend per share[12]. - The company has committed to returning over $5 billion to shareholders by the end of 2024, with a $1 billion share buyback announced[20]. - The annual dividend has been increased to 27 cents per share, alongside a share buyback program of $1 billion[15]. Credit Quality and Impairment - Credit impairment charges decreased to $62 million in Q4, down from $232 million in the previous quarter[9]. - The credit impairment charge significantly improved by 82% to $62 million in Q4 2023 from $340 million in Q4 2022[28]. - Total credit impairment charges, including restructured businesses, amounted to 508 million, a decrease from 836 million in the previous year[134]. - The overall credit quality metrics indicate a shift towards higher risk categories, particularly in the second stage[133]. Market Expansion - Standard Chartered aims to expand its presence in the African market, targeting a 20% increase in customer base by 2025[8]. - The company is investing in high-growth markets, particularly in Asia, Africa, and the Middle East, with new digital products for SMEs[18]. - The company plans to exit markets in Africa and the Middle East, focusing on enhancing its core business segments[48]. Risk Management - The company is actively monitoring geopolitical risks and has conducted additional reviews of its portfolios in response to macroeconomic challenges[106]. - The group is committed to mitigating information and cybersecurity risks to protect against significant operational and reputational damage[113]. - The group acknowledges the interconnectedness of geopolitical risks and their potential effects on financial performance and reputation[115]. - The company is focused on maintaining sufficient capital and liquidity to support operations and manage interest rate risks[113].
渣打集团(02888) - 2023 - 年度业绩