REG - Standard Chrtrd PLC - Standard Chartered targets ~ 18% RoTE in 2030

Standard CharteredAnnouncement

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RNS Number : 7927E  Standard Chartered PLC  19 May 2026

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Standard Chartered sets out sustainable growth plan, targeting ~18% RoTE in
2030

Delivering higher quality, diversified and durable growth, with clear
milestones to 2028 and beyond

 

Hong 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.

 

Bill 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."

 

New medium-term targets

We 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.

 

We will:

·    Deliver a >15% RoTE in 2028, a more than 3 percentage point uplift
from 2025, and building to ~18% in 2030

·    Produce a high-teens EPS CAGR and 5-7% income CAGR from 2025-2028

·    Generate a cost-to-income ratio* of ~57% in 2028, down from 63% in
2025, aided by positive income-to-cost jaws

·    Drive productivity improvements to raise income per employee by ~20%
by 2028, aided by a reduction in corporate functions roles of >15% by 2030

·    Operate within a CET1 ratio range of 13-14% with a loan loss ratio of
30-35bps through-the-cycle

·    Support a dividend payout ratio of 30% or more, with a progressive
dividend per share

 

The compounding strength of our differentiated network and product
capabilities

At Standard Chartered, we are building the leading super-connector institution
for sophisticated clients operating across borders, utilising competitive
strengths in areas with long-term structural growth potential. We support
clients where international activity is fast growing, complexity is high and
our network creates the greatest value. The strength of this model compounds
over time. As clients grow and become more international, they increasingly
use us across multiple products, markets and segments. This deepens
connectivity across our network, strengthens client relationships and drives
higher quality, more diversified and durable growth. We are investing to
amplify this compounding effect.

 

Standard Chartered is now the third largest and fastest growing wealth manager
in Asia.

·    Our Wealth & Retail Banking ("WRB") business is accelerating the
timeline of its previously stated ambitions from 2029 to 2028, notably
targeting $200bn of Net New Money, and Affluent income to reach 75% of its
total.

·    We will invest disproportionately in this business, while continuing
to concentrate on markets and portfolios where we have scale and the most
distinctive client proposition.

·    As WRB continues its sharp focus on affluent clients, we are further
aligning parts of our retail client portfolio in Hong Kong with Mox's
digitally led proposition. This increases scale at Mox and supports its
development of a future affluent client pipeline.

We are investing in long-term structural trends to help corporate and
institutional clients navigate a more connected, digital and increasingly
complex global economy.

·    Our Corporate & Investment Banking business continues to leverage
the competitive advantage of a unique global network that can flex to support
clients in anticipation of shifts in supply chains and capital flows.

·    We are investing in higher-returning elements of its business, such
as the Financial Institutions client segment, while consolidating leadership
in areas including RMB, Sustainable Finance, and Islamic Finance.

 

Our next phase of our growth will be supported by a simpler, faster and more
connected operating model.

·    We will continue to apply disciplined workforce planning, aided by a
reduction in corporate functions roles of >15% by 2030.

·    We are scaling practical uses of automation, advanced analytics and
artificial intelligence to streamline processes, improve decision‑making and
enhance both client service and internal efficiency.

Details of the Investor Event will be available on sc.com/investorevent.

* cost-to-income ratio is ex-notables

For further information please contact:

Robbie Sommerville

Global Head, Corporate Communications

+44 7990 784478

 

 

Standard Chartered
We are a leading international banking group, with a presence in 54 of the
world's most dynamic markets. Our purpose is to drive commerce and prosperity
through our unique diversity, and our heritage and values are expressed in our
brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

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