• SBI Holdings average return on tangible equity for 2023 was 8.04, a 12.51% decline from 2022.
• SBI Holdings average return on tangible equity for 2022 was 9.19, a 50.91% decline from 2021.
• SBI Holdings average return on tangible equity for 2021 was 18.72, a 6.48% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.