Standard Chartered PLC (STAN) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and good afternoon, everyone, and welcome to our 2025 interim results call. I'm joined here in London by Diego, and as usual, we'll run through the presentation before taking your questions. We've delivered a strong set of results in the second quarter of 2025. Despite the uncertainties in the period, our performance has demonstrated how much our clients value our services and our truly distinctive network. Key to income was up 15% year-on-year, excluding notable items, driven by double-digit growth across global banking, global markets, and wealth solutions, and with record net new money in our affluent business. This income growth, which generated a significant improvement in ROTE, is testament to our ability to deliver exceptional services in support of our clients' needs, and it is clear that our strategy is working. With our strong capital position, we're announcing a further share buyback of $1.3 billion, which will start imminently. This takes our total distribution since full year 2023 results to $6.5 billion, towards our target of at least $8 billion between 2024 and 2026. Diego will now take you through the performance in detail, and I will then come back to talk about how we're continuing to support clients and how we're creating opportunities across our business segments, after which Diego and I will take your questions. So, Diego, over to you. Thank you, Bill. Good morning and good afternoon, everyone. In my remarks today, I will be comparing the second quarter year-on-year on an underlying basis and speaking to constant currency, unless otherwise stated. The group delivered operating income of $5.5 billion, which was up 14% or 15% excluding notable items. This reflects strong underlying performance of our businesses in CIB and WRB, further ...