-
Full-year results
Annual Report 2024
Connecting the world’s most dynamic markets. See how we’re performing with our full-year results.
$19.7bn
Operating income
$6.8bn
Profit before tax
11.7%
Return on tangible equity
Demonstrating the strength of our strategy
Group Chief Executive Bill Winters said, “We produced a strong set of results in 2024. Our strategy of combining differentiated cross-border capabilities for corporate and institutional clients with leading wealth management expertise for affluent clients is firing on all cylinders, driving an increase in return on tangible equity to 11.7 per cent.
We delivered record income of USD19.7 billion, including a very strong performance in Wealth Solutions, up 29 per cent, and double-digit growth in Global Markets and Global Banking, and momentum has continued into 2025.
We are increasing shareholder distributions, announcing today a USD1.5 billion share buyback and a proposed final dividend of 28 cents per share, bringing our total shareholder distributions announced since our full-year 2023 results to USD4.9 billion, well on the way to our target of at least USD8 billion.”
We continue to deliver sustainably higher returns
Reflections on the 2024 Annual Report from our Group Chairman, Group Chief Executive and Group Chief Financial Officer.
Performance with purpose
Read the statement from Group Chairman Dr José Viñals.
Executing against our clear strategy
Read the review from Group Chief Executive Bill Winters.
Strong growth in our markets
Read the review from Group Chief Financial Officer Diego De Giorgi.
Driving prosperity for our clients
We connect corporate, institutional and affluent clients to a network that offers unique opportunities across Africa, Asia and the Middle East. Discover some of the innovative ways we supported our clients and partners in 2024.
Safeguarding digital assets
Our new custody service, launched in the UAE in September, allows institutional clients to securely store Bitcoin and Ethereum.
Inaugural debt conversion for nature
Announced in November, the transaction is expected to generate USD124 million for marine conservation.
Strong demand for diversified funds
Our Signature CIO funds, offering wealth clients multi-asset fund portfolios, celebrated their two-year anniversary in October.
Key downloads
Access the full 2024 results and financial statements related to our annual report.