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of activity to to as a income expect uncertain strengthen fee We customer COVID-XX although remains activity as continue recovery result obviously and the economic recovers, path variance.
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include quarter of time we first quarter dividend the at our deduction signaled each accruals. results, As for will a
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year. by and low mentioned. the rose growth loans quarter expect billion in percentage $XX.X the in second for risk-weighted Asia the assets in IPO assets we full risk-weighted single-digit now growth movements, We FX Excluding driven by
updated changes from basis $XXX savings to methodology, targets billion on asset in the billion. to our due we've slide, like-for-like $XXX risk-weighted next the On a calculation underlying
risk-weighted fully meet Slide targets, track on far. to We're targets, tangible saves the track terms so we're billion or cost on identified. starting the $XX higher we've opportunities but equity we results our confident over asset is to target. made made growth remain return XXXX good medium So track around still savings early and areas and to our a from term. and shift on at transformation days our in remain on underway, XX, above it's of XX% we've far, we're of On progress see for we've that and to meet return The
XXXX. our in to intend As move ratio payout mentioned, we now to target
a As to by business growing while future, appropriate. sustainable shareholder flexibility cash retaining and reminder, to the the dividend the dividends our invest policy aims in if deliver distributions, additional supplemented
So in summary, this year was pretax diversity in fivefold profits with same good across areas period of another in solid evidence near of strategy. a for earnings us, the group and quarter execution all last strong on increase the
net from our materially that, growth. flattered net see broadening we attractive uncertainty release as and targets. on revenue for were to into the can income our we to cost medium-term growth all results margin signs here, that, on lending early with pace translating a track returns across businesses. our if our questions. capital With recovery And stabilizes growth the While in fund of of volume ECLs, up interest recovery please remain could we of by of growth achieve Despite fee in ability open and with of with Sharon, a
