Business
Standard Chartered targets ~ 18% RoTE in 2030
Standard Chartered has announced a sustainable growth plan targeting approximately 18% Return on Tangible Equity (RoTE) by 2030, having achieved its 2026 targets a year early. The bank aims for a RoTE exceeding 15% in 2028, a high-teens Earnings Per Share Compound Annual Growth Rate (CAGR), and a 5-7% income CAGR from 2025-2028. Furthermore, it plans to reduce its cost-to-income ratio to around 57% by 2028, increase income per employee by approximately 20% by 2028, and maintain a CET1 ratio between 13-14%, supporting a dividend payout ratio of 30% or more. Investments will focus on its Wealth & Retail Banking business, aiming for $200 billion of Net New Money by 2028, and on higher-returning elements of its Corporate & Investment Banking division. Disclaimer*
About this update from Standard Chartered Plc
[{"type":"text","content":"\n\nStandard Chartered sets out sustainable growth plan, targeting ~18% RoTE in 2030\nDelivering higher quality, diversified and durable growth, with clear milestones to 2028 and beyond\n \nHong Kong, 19 May 2026 - Standard Chartered today announces plans to invest ahead of long-term trends to maintain strong growth, boost productivity, further improve the quality of earnings, and maximise its competitive advantages.\n \nBill Winters, Group Chief Executive, said: \"Our strategy is grounded in a simple belief: the world is becoming more connected, more complex and more cross-border. Clients need a bank that can help them navigate that environment with confidence - that is where Standard Chartered is distinctive. Our trusted ability to combine network and product capabilities to solve challenging cross-border problems is difficult to replicate. We are investing in the capabilities that will compound our competitive advantages and drive sustainable growth and higher quality returns over time, with clear targets in place.\"\n \nNew medium-term targets\nWe achieved our 2026 medium-term financial targets a year earlier than planned. We now have a more focused, streamlined and efficient organisation, positioning us strongly for the next stage of growth and to deliver our strategy at greater scale and pace.\n \nWe will:\n· Deliver a >15% RoTE in 2028, a more than 3 percentage point uplift from 2025, and building to ~18% in 2030\n· Produce a high-teens EPS CAGR and 5-7% income CAGR from 2025-2028\n· Generate a cost-to-income ratio* of ~57% in 2028, down from 63% in 2025, aided by positive income-to-cost jaws\n· Drive productivity improvements to raise income per employee by ~20% by 2028, aided by a reduction in corporate functions roles of >15% by 2030\n· Operate within a CET1 ratio range of 13-14% with a loan loss ratio of 30-35bps through-the-cycle\n· Support a dividend payout ratio of 30% or more, with a progressive dividend per share\n \nThe compounding strength of our differentiated network and product capabilities \nAt Standard Chartered, we are building the leading super-connector institution for sophisticated clients operating across borders, utilising competitive strengths in areas with...