Standard Chartered PLC (STAN) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.740 Good morning and good afternoon, everyone, and welcome to our 2025 interim results call. 00:00:05.740 -- 00:00:09.747 I'm joined here in London by Diego, and as usual, we'll run through the presentation 00:00:09.747 -- 00:00:12.331 before taking your questions. 00:00:12.331 -- 00:00:16.257 We've delivered a strong set of results in the second quarter of 2025. 00:00:16.257 -- 00:00:20.024 Despite the uncertainties in the period, our performance has demonstrated how much our 00:00:20.024 -- 00:00:23.842 clients value our services and our truly distinctive network. 00:00:23.842 -- 00:00:28.607 Key to income was up 15% year-on-year, excluding notable items, driven by double-digit 00:00:28.607 -- 00:00:33.412 growth across global banking, global markets, and wealth solutions, and with record net 00:00:33.412 -- 00:00:37.537 new money in our affluent business. This income growth, which generated a significant 00:00:37.537 -- 00:00:42.502 improvement in ROTE, is testament to our ability to deliver exceptional services in support 00:00:42.502 -- 00:00:47.668 of our clients' needs, and it is clear that our strategy is working. 00:00:47.668 -- 00:00:52.453 With our strong capital position, we're announcing a further share buyback of $1.3 billion, 00:00:52.453 -- 00:00:57.183 which will start imminently. This takes our total distribution since full year 2023 results 00:00:57.183 -- 00:01:04.068 to $6.5 billion, towards our target of at least $8 billion between 2024 and 2026. 00:01:04.731 -- 00:01:09.315 Diego will now take you through the performance in detail, and I will then come back 00:01:09.315 -- 00:01:13.300 to talk about how we're continuing to support clients and how we're creating opportunities 00:01:13.300 -- 00:01:17.224 across ou...