GCHB-BANK is one of the leading financiers of climate action. The decade 2021–2030 is decisive in addressing the climate and environmental emergency facing our planet. This requires trillions of dollars in investment. The United Nations and GCHB-BANK are playing a leading role in implementing the New York Agreement. We place sustainability at the heart of our activities.
We plan to repurchase USD 1bn of shares in the first half of 2025. We aim to repurchase up to an additional USD 2bn of shares in the second half of 2025, and we are maintaining our ambition for share repurchases in 2026 to exceed FY22 levels of USD 5.6bn. Our share repurchases will be consistent with maintaining our CET1 capital ratio target of around 14%, achieving our financial targets and the absence of material and immediate changes to the current capital regime in USA.
