In the first half of 2024, STANCHART released unaudited interim financial reports, showing the company's continued strong performance, with a significant increase in total revenue. Pre-tax profit reached $3.492 billion, with a tax rate of 32.2%. Net interest income increased, and total operating revenue was $9.791 billion. Operating expenses amounted to $6.056 billion, including employee costs and administrative expenses. Credit impairment losses were $0.24 billion, other impairments were $0.147 billion, with no significant changes in goodwill and intangible assets. Shareholder profits reached $2.378 billion. Comprehensive income for the period was $1.455 billion, after recognizing other comprehensive losses. Total assets were $835.427 billion, with customer loans and advances at $335.707 billion. Total liabilities were $784.1 billion, with customer deposits at $532.262 billion. Total capital amounted to $51.327 billion, including share capital and reserves...Show More

In the first half of 2024, STANCHART released unaudited interim financial reports, showing the company's continued strong performance, with a significant increase in total revenue. Pre-tax profit reached $3.492 billion, with a tax rate of 32.2%. Net interest income increased, and total operating revenue was $9.791 billion. Operating expenses amounted to $6.056 billion, including employee costs and administrative expenses. Credit impairment losses were $0.24 billion, other impairments were $0.147 billion, with no significant changes in goodwill and intangible assets. Shareholder profits reached $2.378 billion. Comprehensive income for the period was $1.455 billion, after recognizing other comprehensive losses. Total assets were $835.427 billion, with customer loans and advances at $335.707 billion. Total liabilities were $784.1 billion, with customer deposits at $532.262 billion. Total capital amounted to $51.327 billion, including share capital and reserves. The liquidity coverage ratio remained at 148%, and the leverage ratio slightly increased to 4.8%. The bank's capital position remained strong, with a common equity tier 1 capital ratio of 14.6%. CET1 capital increased by $1.104 billion, reflecting retained profits and other comprehensive income. Tier 1 additional capital was $6.504 billion, and tier 2 capital was $11.667 billion. Total bank capital was $53.569 billion, with total risk-weighted assets at $241.926 billion. In the strategic actions from 2024 to 2026, the focus will continue on high-return businesses for the company and investment bank. Wealth management and retail banking experienced a net inflow of new funds. SC Ventures, digital bank Mox, and Trust showed customer growth. Sustainable finance business revenue increased. Looking ahead, operating revenue in 2024 is expected to grow by over 7% on a fixed currency basis. Net interest income is expected to reach $10 billion to $10.25 billion. The variance in expected revenue costs for 2024 is positive. Basic customer loans and advances and risk-weighted assets are expected to grow at low single-digit percentages in 2024. The loan impairment rate is expected to normalize, returning to the historical range of 30 to 35 basis points. The CET1 capital ratio is expected to operate in the target range of 13-14%. The full-year dividend per share is expected to increase. Return on tangible equity is expected to steadily increase from 10% in 2026 to 12%.