Strong Income Growth
Q2 income was up 15% year-on-year, driven by double-digit growth across Global Banking, Global Markets, and Wealth Solutions. This contributed to a 34% increase in profit before tax, with a return on tangible equity of 19.7%.
Share Buyback Announcement
Announced a further share buyback of $1.3 billion, taking total distribution to $6.5 billion since full year 2023 results, with a target of at least $8 billion between 2024 and 2026.
Record Net New Money in Wealth
Delivered record net new money of $16 billion in Q2, with 64,000 new-to-bank affluent clients onboarded and a total of 135,000 year-to-date.
Strong Performance in Ventures
Income from Mox and Trust was up 48%, driven by product innovation and volume growth, with deposits growing by over 30% and 40%, respectively.
Sustainable Finance Progress
Income for the first half was up 5% year-on-year, with $136 billion mobilized since 2021 towards a commitment of $300 billion by 2030.