Company Maintains 2026 RoTE Target of Over 17%

The company said, "The macroeconomic outlook is facing heightened uncertainty. The Group is well-positioned to manage the impacts of these challenges, and supporting our clients through this volatile period is a top priority. We retain all of the Group financial targets we announced at our full year 2025 annual results in February 2026, including a RoTE of 17% or better for 2026, 2027 and 2028, excluding notable items. We now expect banking NII of around $46bn in 2026, reflecting an improved interest rate outlook, while recognising the outlook remains volatile and uncertain. We now expect ECL charges as a percentage of average gross loans to be around 45bps in 2026, reflecting ongoing uncertainty in the outlook. Over the medium term, we retain our planning range of 30-40bps. We retain our commitment to Group-wide cost discipline. We're continuing to target growth in target basis operating expenses of approximately 1%, compared with 2025. We intend to continue to manage our CET1 capital ratio within our medium-term target range of 14.0% to 14.5%. A decision to recommence buybacks will be subject to our normal buyback considerations and process on a quarterly basis."