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In 2025, we performed, we transformed and we invested for growth. Excluding notable items and at constant currency, Group revenues grew 5% to $71bn. PBT reached a record $36.6bn and our 17.2% RoTE was above our ‘mid-teens’ target. That's why we're now raising our ambition by setting new growth targets for 2026-2028. Reflecting on today’s Annual Results announcement, Group CEO Georges Elhedery said: “We have strong momentum in our performance and are confident we can navigate uncertainty from a position of strength. We continue to execute our strategy with discipline and precision and are actively investing for growth. “Together, we’re building a bank that moves with the speed our customers need to navigate the modern world yet stays true to our strong foundations.”

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