Standard Chartered re-presents financials, announces AGM and share buyback

Standard Chartered PLC [HKEX:2888] announced a re-presentation of its financial information to enhance transparency and comparability, effective January 1, 2025, impacting the allocation of Central & Others items, product income hierarchy, and geographic reporting. This restatement, driven by changes in financial reporting metrics, is aimed at improving decision-making, resource allocation, and return outcomes across the Group. While the re-presentation does not alter the Group's reported financial performance or FY'24 guidance, it does increase underlying net interest income by USD650 million in FY'24 and USD700 million in FY'23.