Hsbc Holdings Plc · LSE:HSBA
Hsbc — H1 2022 Earnings Presentation
136 slides from Hsbc's earnings presentation, Aug 1, 2022
Slide 1: 2022年中期業績 – 摘要
香港交易及結算所有限公司及香港聯合交易所有限公司對本文件的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本文件全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 2022 年 8 月 1 日 (香港股份代號 : 5) HSBC Holdings plc 滙豐控股有限公司 2022 年中期業績 – 摘要 隨附之公告現正於 HSBC Holdings plc 滙豐控股有限公司上市之證券交易所發布。 代表 滙豐控股有限公司 集團公司秘書長及管治總監 戴愛蘭 於本公告發表之日，滙豐控股有限公司董事會成員包括：杜嘉祺*、祈耀年、鮑哲鈺†、段小纓†、 范貝恩
Slide 2: 2022年中期業績 – 摘要
2022年8⽉1⽇ HSBC Holdings plc 滙豐控股有限公司 2022年中期業績 – 摘要 集團⾏政總裁祈耀年表⽰： 「今年上半年的業績反映集團策略的持續效應，不但收入增⻑動⼒加強，成本亦受到嚴格控制。我們在擴展和改⾰滙豐業務⽅⾯取得的進展，意味 集團在踏入當前利率周期之際享有強⼤優勢。我們有信⼼，有形股本回報率⾃2023年起⾄少可以達到12%，創出⼗年來最佳成績。 因此，我們就2023和2024年提供更具體的的派息比率指引，派息率將約為50%。我們明⽩並體會股息對所有股東的重要性，因此希望盡快將股息 恢復⾄新冠疫情前⽔平。我們亦擬於2023年恢復派發季度股息。」 財務表現（202
Slide 3: 主要財務衡量指標
主要財務衡量指標 截⾄下列⽇期⽌半年 2022年 2021年 2021年 6⽉30⽇ 6⽉30⽇ 12⽉31⽇ 列賬基準業績 列賬基準收入（百萬美元） 25,236 25,551 24,001 列賬基準除稅前利潤（百萬美元） 9,176 10,839 8,067 列賬基準除稅後利潤（百萬美元） 9,215 8,422 6,271 ⺟公司普通股股東應佔利潤（百萬美元） 8,289 7,276 5,331 成本效益比率 (%) 65.1 66.9 73.1 1 淨利息收益率 (%) 1.30 1.21 1.20 每股基本盈利（美元） 0.42 0.36 0.26 每股攤薄後盈利（美元） 0.41
Slide 4: 摘要
摘要 截⾄下列⽇期⽌半年 2022年 2021年 6⽉30⽇ 6⽉30⽇ 百萬美元 百萬美元 列賬基準 1 收入 25,236 25,551 預期信貸損失及其他信貸減值準備變動 (1,090) 719 營業⽀出 (16,419) (17,087) 應佔聯營及合資公司利潤 1,449 1,656 除稅前利潤 9,176 10,839 稅項（⽀出）／減免 39 (2,417) 除稅後利潤 9,215 8,422 2 經調整 1,3 收入 25,690 24,734 預期信貸損失及其他信貸減值準備變動 (1,090) 675 營業⽀出 (15,376) (15,520) 應佔聯營及合資公司利潤 1,
Slide 5: 集團行政總裁祈耀年之回顧
集團⾏政總裁祈耀年之回顧 我們致⼒推⾏改⾰計劃，讓滙豐能夠適應未來環境，⾄今已有兩年半。我們今年下半年仍有很多⼯作需要處理，但集團已作出更佳部署，能夠更好 地滿⾜國際客⼾的需要，同時為股東帶來更⾼回報。 無論現在或將來，我們成功實踐抱負的關鍵在於能否同時實現增⻑和推⾏改⾰。這也是我們2020年2⽉公布的改⾰計劃和2021年2⽉推出的修訂策 略重點所在。我們在這兩⽅⾯取得的進展，讓集團得以强健姿態進入當前的利率周期。 我們的改⾰⽅案建基於三⼤範疇：重整組合、提升資本效益，以及嚴控成本。2021年，為了應對新冠病毒疫情的影響，我們根據四⼤策略⽀柱加 速⽅案的進程：聚焦於集團優勢、⼤規模數碼化、為增
Slide 6: 展望
上半年所有地區均錄得盈利，其中HSBC UK的表現强勁，經調整利潤達到25億美元，較去年上半年上升15%。雖然我們⼀些主要市場受到新冠疫 情衝擊，但亞洲業務仍然錄得63億美元經調整利潤。 經調整收入增加4%，其中淨利息收益比去年上半年增⻑15%。在市場影響下，財富管理業務收入比去年同期減少，但保險業務則表現出⾊。⼯商 ⾦融業務⽅⾯，經調整貿易服務收入較去年增加20%。上半年全線業務貸款結⽋均告上升，顯⽰商機轉化保持强勁。 經調整營業⽀出下跌1%，主要因為成本節約措施奏效及與表現掛鈎的應計酬勞減少。儘管通脹壓⼒⽇益上升，以及對科技及亞洲財富管理業務的 投資增加，仍無礙取得此項成果。 集團的普通股
Slide 7: 財務概要
財務概要 截⾄下列⽇期⽌半年 2022年 2021年 2021年 6⽉30⽇ 6⽉30 ⽇ 12⽉31⽇ 百萬美元 百萬美元 百萬美元 本期 除稅前利潤 9,176 10,839 8,067 應佔利潤： – ⺟公司普通股股東 8,289 7,276 5,331 1 普通股股息 3,576 3,059 1,421 於期末 股東權益總額 188,382 198,218 198,250 監管規定資本總額 158,519 181,122 177,786 客⼾賬項 1,651,301 1,669,091 1,710,574 資產總值 2,985,420 2,976,005 2,957,939 風險加權資
Slide 8: 滙豐經調整除稅前利潤及資產負債表數據
滙豐經調整除稅前利潤及資產負債表數據 截⾄2022年6⽉30⽇⽌半年 財富管理及 環球銀⾏及 個⼈銀⾏ ⼯商⾦融 資本市場 企業中⼼ 總計 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 1 未扣除預期信貸損失及其他信貸減值準備變動之營業收益／（⽀出）淨額 10,922 7,217 7,841 (290) 25,690 – 外來 10,569 7,281 8,867 (1,027) 25,690 – 項⽬之間 353 (64) (1,026) 737 — 其中：淨利息收益／（⽀出） 7,658 5,007 2,296 (496) 14,465 預期信貸損失及其他信貸減值準備（提撥）／收回之變
Slide 9: 滙豐經調整除稅前利潤及資產負債表數據（續）
滙豐經調整除稅前利潤及資產負債表數據（續） 截⾄2021年12⽉31⽇⽌半年 財富管理及 環球銀⾏及 個⼈銀⾏ ⼯⾼⾦融 資本市場 企業中⼼ 總計 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 1 未扣除預期信貸損失及其他信貸減值準備變動之營業收益／（⽀出）淨額 10,439 6,556 6,878 (296) 23,577 – 外來 10,354 6,460 7,676 (913) 23,577 – 項⽬之間 85 96 (798) 617 — 其中：淨利息收益／（⽀出） 6,955 4,387 2,032 (353) 13,021 預期信貸損失及其他信貸減值準備（提撥）／收回之變動 2
Slide 10: 綜合收益表
綜合收益表 截⾄下列⽇期⽌半年 2022年 2021年 2021年 6⽉30⽇ 6⽉30⽇ 12⽉31⽇ 百萬美元 百萬美元 百萬美元 淨利息收益 14,451 13,098 13,391 – 利息收益 20,855 17,960 18,228 – 利息⽀出 (6,404) (4,862) (4,837) 費⽤收益淨額 6,064 6,674 6,423 – 費⽤收益 7,949 8,458 8,330 – 費⽤⽀出 (1,885) (1,784) (1,907) 持作交易⽤途或按公允值予以管理之⾦融⼯具淨收益 4,921 4,184 3,560 按公允值計入損益賬之保險業務資產和負債（包括相
Slide 11: 綜合全面收益表
綜合全⾯收益表 截⾄下列⽇期⽌半年 2022年 2021年 2021年 6⽉30⽇ 6⽉30⽇ 12⽉31⽇ 百萬美元 百萬美元 百萬美元 本期利潤 9,215 8,422 6,271 其他全⾯收益／（⽀出） 符合特定條件後將重新分類⾄損益賬之項⽬： 按公允值計入其他全⾯收益之債務⼯具 (4,907) (1,368) (771) – 公允值虧損 (6,328) (1,392) (878) – 出售後撥入收益表之公允值增益 (53) (375) (89) – 於收益表中確認之預期信貸收回／（損失） 20 (26) (23) – 所得稅 1,454 425 219 現⾦流對沖 (2,063) (2
Slide 12: 綜合資產負債表
綜合資產負債表 於下列⽇期 2022年 2021年 6⽉30⽇ 12⽉31⽇ 百萬美元 百萬美元 資產 現⾦及於中央銀⾏之結餘 363,608 403,018 向其他銀⾏託收中之項⽬ 8,073 4,136 香港政府負債證明書 43,866 42,578 交易⽤途資產 217,350 248,842 指定及其他強制性按公允值計入損益賬之⾦融資產 45,873 49,804 衍⽣⼯具 262,923 196,882 同業貸款 96,429 83,136 客⼾貸款 1,028,356 1,045,814 反向回購協議 – 非交易⽤途 244,451 241,648 ⾦融投資 430,796 446
Slide 13: 綜合現金流量表
綜合現⾦流量表 截⾄下列⽇期⽌半年 2022年 2021年 2021年 6⽉30⽇ 6⽉30⽇ 12⽉31⽇ 百萬美元 百萬美元 百萬美元 除稅前利潤 9,176 10,839 8,067 非現⾦項⽬調整： 折舊、攤銷及減值 1,903 1,802 2,484 投資活動（增益）／虧損淨額 174 (485) (162) 應佔聯營及合資公司利潤 (1,449) (1,656) (1,390) 收購附屬公司所得增益 (71) — — 未減收回額及其他信貸減值準備之預期信貸損失變動 1,246 (484) (35) 準備（包括退休⾦） 208 301 762 以股份為基礎之⽀出 177 254 21
Slide 14: 綜合股東權益變動表
綜合股東權益變動表 其他儲備 按公允值計 入其他全⾯ 已催繳股本 其他 收益之⾦融 現⾦流 合併及 股東權益 非控股 各類股東 及股份溢價 股權⼯具 保留盈利 資產儲備 對沖儲備 匯兌儲備 其他儲備 總額 股東權益 權益總額 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 於2022年1⽉1⽇ 24,918 22,414 144,458 (634) (197) (22,769) 30,060 198,250 8,527 206,777 本期利潤 — — 8,915 — — — — 8,915 300 9,215 其他全⾯收益（除稅淨額） —
Slide 15: 綜合股東權益變動表（續）
綜合股東權益變動表（續） 其他儲備 按公允值計 入其他全⾯ 已催繳股本 其他 收益之⾦融 現⾦流 合併及 股東權益 非控股 各類股東 及股份溢價 股權⼯具 保留盈利 資產儲備 對沖儲備 匯兌儲備 其他儲備 總額 股東權益 權益總額 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 百萬美元 於2021年7⽉1⽇ 24,976 22,414 144,319 190 223 (20,839) 26,935 198,218 8,546 206,764 本期利潤 — — 5,968 — — — — 5,968 303 6,271 其他全⾯收益（除稅淨額） — —
Slide 16: 編製基準及主要會計政策
1 編製基準及主要會計政策 (a) 遵守《國際財務報告準則》 滙豐的簡明綜合中期財務報表乃根據2021年度財務報表中載列的政策，並按照獲英國採納的IAS 34「中期財務報告」、國際會計準則委員會 （「IASB」）頒布的IAS 34「中期財務報告」、獲歐盟採納的IAS 34「中期財務報告」以及英國⾦融⾏為監管局的《披露指引及透明度規則》⼿冊 編製。因此，有關財務報表包括對於若⼲事件及交易的闡釋，⽽這些事件及交易對於理解滙豐⾃2021年底以來的財務狀況及業績變化相當重要。 有關財務報表應與 《2021年報及賬⽬》 ⼀併閱讀，其編製的依據包括符合 《2006年公司法》 規定並獲英國採納的國際會計準則
Slide 17: 股息
2 股息 於2022年8⽉1⽇，董事會已批准就截⾄2022年12⽉31⽇⽌財政年度派發2022年半年度中期股息每股普通股0.09美元，分派⾦額約達18億美元， 並將於2022年9⽉29⽇派付。滙豐並無就此等股息於財務報表內確認負債。 派付予滙豐控股有限公司股東之股息 截⾄下列⽇期⽌半年 2022年6⽉30⽇ 2021年6⽉30⽇ 2021年12⽉31⽇ 每股 總計 以股代息 每股 總計 以股代息 每股 總計 以股代息 美元 百萬美元 百萬美元 美元 百萬美元 百萬美元 美元 百萬美元 百萬美元 就普通股派付之股息 上年度： – 中期股息 — — — 0.15 3,059 — — — — – 第
Slide 18: 每股盈利
3 每股盈利 每股普通股基本盈利的計算⽅法，是將⺟公司普通股股東應佔利潤，除以流通在外普通股（不包括集團持有之本⾝股份）之加權平均股數。每股普 通股攤薄後盈利的計算⽅法，是將基本盈利（毋須就具攤薄影響之潛在普通股所造成之影響作出調整）除以下列兩類股份的加權平均股數總和：流 通在外普通股（不包括集團持有之本⾝股份）及因轉換具攤薄影響之潛在普通股⽽發⾏的普通股。 ⺟公司普通股股東應佔利潤 截⾄下列⽇期⽌半年 2022年 2021年 2021年 6⽉30⽇ 6⽉30⽇ 12⽉31⽇ 百萬美元 百萬美元 百萬美元 ⺟公司股東應佔利潤 8,915 7,949 5,968 分類為股東權益之優先股之應付股息
Slide 19: 列賬基準與經調整項目之對賬
5 列賬基準與經調整項⽬之對賬 截⾄下列⽇期⽌半年 2022年 2021年 2021 6⽉30⽇ 6⽉30⽇ 12⽉31⽇ 百萬美元 百萬美元 百萬美元 1 收入 列賬基準 25,236 25,551 24,001 貨幣換算 (1,069) (711) 重⼤項⽬ 454 252 287 – 客⼾賠償計劃 14 (18) 7 2 – 出售、收購及於新業務之投資 288 — — 3 – ⾦融⼯具之公允值變動 220 194 48 4 – 重組架構及其他相關成本 (68) 70 237 – 重⼤項⽬之貨幣換算 6 (5) 經調整 25,690 24,734 23,577 預期信貸損失 列賬基準 (1
Slide 20: 法律訴訟及監管事宜
針對集團旗下公司的法律訴訟、監管及其他事宜⽽產⽣的或有負債並未於本附註載列，但於下文附註7及《2022年中期業績報告》附註11及13 披露。 7 法律訴訟及監管事宜 滙豐在多個司法管轄區內因⽇常業務運作⽽牽涉法律訴訟及監管事宜。除下文所述者外，滙豐認為該等事宜無⼀屬重⼤者。確認準備的⽅法乃根據 《2021年報及賬⽬》 附註1所載的會計政策釐定。雖然法律訴訟及監管事宜的結果本⾝存在不明朗因素，但管理層相信，根據所得資料，於2022 年6⽉30⽇已就有關事宜提撥適當準備（請參閱《2022年中期業績報告》 附註11）。倘個別準備屬重⼤，即會註明已提撥準備的事實及其⾦額， 唯若此舉會造成嚴重損害，則作
Slide 21: 反洗錢及制裁相關事宜
反洗錢及制裁相關事宜 2012年12⽉，滙豐控股簽訂多項協議，包括與英國⾦融服務管理局協定的承諾書（於2013年及其後再於2020年被英國⾦融⾏為監管局（「⾦融 ⾏為監管局」）發出的指令取代），以及美國聯邦儲備局（「聯儲局」）的停⽌及終⽌令，兩者均載列若⼲前瞻性反洗錢及制裁相關責任。此後數 年，滙豐委任了⼀名 《⾦融服務及市場法》 第166條所指的內⾏⼈⼠，以及根據聯儲局停⽌及終⽌令委任⼀名獨立顧問，以定期評估集團的反洗 錢及制裁合規計劃。2021年第⼆季，該名內⾏⼈⼠已完成其聘⽤協定，且⾦融⾏為監管局已確定毋須再進⾏內⾏⼈⼠的⼯作。另外，獨立顧問已 按照聯儲局的停⽌及終⽌令（仍然⽣效）完成最
Slide 22: 貴金屬訂價相關訴訟
貴⾦屬訂價相關訴訟 黃⾦：⾃2014年3⽉起，有多宗推定集體訴訟在紐約地區法院、新澤⻄區及加州北區的美國聯邦地區法院提出，滙豐及倫敦黃⾦市場訂價有限公司 的其他成員機構均被列為被告⼈。該等申訴由紐約地區法院合併審理，並指稱由2004年1⽉⾄2013年6⽉，被告⼈串謀操控黃⾦及黃⾦衍⽣⼯具的 價格，以謀取共同利益，違反美國 《反壟斷法》 、美國 《⼤宗商品交易法》 以及紐約州法例。2020年10⽉，滙豐與原告⼈就解決合併訴訟達成 和解，且於2022年5⽉，法院已就該等和解作出最終批准。 ⾃2015年12⽉起，有多宗推定集體訴訟根據加拿⼤法律在安⼤略省及魁北克省⾼等法院提出，控告滙豐旗下多家公司及
Slide 23: 業務收購及出售
8 業務收購及出售 業務收購 下列於近期公布的收購⾏動乃集團策略的⼀部分，以期使集團成為亞洲財富管理業務的市場領袖： • 於2021年12⽉23⽇，集團附屬公司HSBC Asset Management (India) Private Ltd與L&T Finance Holdings Limited訂立協議，全⾯收購L&T Investment Management Limited，作價4億美元。預期收購將於2022年第四季完成。L&T Investment Management Limited是L&T Finance Holdings Limited之全資附屬公司，亦是L&T Mutual
Slide 24: 資本結構
9 結算⽇後事項 在評估結算⽇後事項時，滙豐經考慮後認為並無出現導致需調整財務報表的重⼤事件。 如附註2所述，董事已於2022年8⽉1⽇批准就截⾄2022年12⽉31⽇⽌財政年度派發2022年中期股息。 10 資本結構 資本比率 於下列⽇期 2022年 2021年 6⽉30⽇ 12⽉31⽇ % % 過渡基準 普通股權⼀級比率 13.6 15.8 ⼀級比率 16.1 18.6 總資本比率 18.6 21.2 終點基準 普通股權⼀級比率 13.6 15.8 ⼀級比率 16.1 18.5 總資本比率 17.7 20.0 監管規定資本總額及風險加權資產 於下列⽇期 2022年 2021年 6⽉30⽇
Slide 25: 法定賬目
11 法定賬⽬ 本新聞稿所載資料並不構成英國《2006年公司法》第434條所界定之法定賬⽬。截⾄2021年12⽉31⽇⽌年度之法定賬⽬，已根據英國《2006年公 司法》第447條之規定送呈英格蘭及威爾斯公司註冊處。集團核數師PricewaterhouseCoopers LLP（「PwC」）已就該等賬⽬發出無保留意⾒報 告；該報告並無提述PwC在不發出保留意⾒報告下，強調有任何事宜須予注意，亦未載有英國《2006年公司法》第498(2)條或498(3)條所指之聲 明。 本新聞稿所載資料並不構成《2022年中期業績報告》所載的未經審核簡明中期財務報表。《2022年中期業績報告》已於2022年8⽉1
Slide 26: 有關前瞻性陳述之提示聲明
16 有關前瞻性陳述之提⽰聲明 本新聞稿可能包含與集團財政狀況、經營業績、資本狀況、策略及業務相關的預計、估計、預測、⽬標、承諾、抱負、意⾒、前景、業績、回報及 前瞻性陳述，可以透過所⽤的「可能」、「將」、「應」、「預料」、「預期」、「預計」、「估計」、「尋求」、「擬」、「計劃」或「相信」 等前瞻性詞彙或其否定詞或其他組合或類似詞彙加以辨別（統稱「前瞻性陳述」），包括其中所述的優先策略和任何財務、投資與資本⽬標，以及 環境、社會及管治的⽬標／承諾。 任何此類前瞻性陳述均非未來業績的可靠指標，原因是它們可能涉及重⼤的列明或隱含的假設及主觀判斷，⽽這些假設和判斷未必獲證實為正確。 前瞻性陳述所載的
Slide 27: Registered office and Group head office
20 註冊辦事處及集團總辦事處 8 Canada Square London E14 5HQ United Kingdom 網址：www.hsbc.com 英格蘭註冊有限公司。註冊編號 617987 26 滙豐控股有限公司 2022年中期業績
Slide 28: HSBC Holdings plc
HSBC Holdings plc 滙豐控股有限公司 8 Canada Square London E14 5HQ United Kingdom 電話：44 020 7991 8888 www.hsbc.com 英格蘭註冊有限公司 註冊編號 617987
Slide 29: Data Pack 2Q 2022
HSBC HOLDINGS PLC Data Pack 2Q 2022 The financial information on which this supplement is based is unaudited and has been prepared in accordance with HSBC’s significant accounting policies as described in the Annual Report and Accounts 2021. The financial information does not constitute financial st
Slide 30: Index
Index Page HSBC Holdings plc (Group) ‐ Income statement 1 HSBC Holdings plc (Group) ‐ Balance sheet data 3 HSBC Holdings plc (Group) ‐ Net interest margin 7 Global businesses Wealth and Personal Banking ‐ WPB 8 Commercial Banking ‐ CMB 11 Global Banking and Markets ‐ GBM 14 Corporate Centre 17 Geogr
Slide 31: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Quarter ended Year to date Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 30‐Jun‐22 30‐Jun‐21 Net interest income 7,454 6,997 6,781 6,610 6,584 26,489 14,451 13,098 Net fee income 2,938 3,126 3,101 3,322 3,211 13,097 6,064 6
Slide 32: HSBC Holdings plc consolidated – earnings metrics
HSBC HSBC Holdings plc consolidated Quarter ended Year to date Year to date Earnings metrics 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 30‐Jun‐22 30‐Jun‐21 Return on average equity (annualised) 13.0 % 6.5 % 4.0 % 8.0 % 7.8 % 7.1 % 9.7 % 8.4 % Return on average tangible equity (annua
Slide 33: HSBC Holdings plc consolidated – assets
HSBC HSBC Holdings plc consolidated Balance sheet date Balance sheet date Assets – reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Cash and balances at central banks 363,608 389,257 403,018 409,918 393,559 403,018 Items in the course of collection from other banks 8,073 4,8
Slide 34: HSBC Holdings plc consolidated – equity
HSBC HSBC Holdings plc consolidated Equity – reported ($m) Called up share capital 10,188 10,262 10,316 10,376 10,376 10,316 Share premium account 14,662 14,662 14,602 14,601 14,600 14,602 Other equity instruments 21,691 22,414 22,414 22,414 22,414 22,414 Other reserves (8,576) 498 6,460 3,979 6,509
Slide 35: HSBC Holdings plc consolidated – adjusted balance sheet
HSBC HSBC Holdings plc consolidated Balance sheet date Balance sheet date Adjusted balance sheet data – at most recent balance sheet FX rates ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Loans and advances to customers (net) 1,028,356 1,014,723 994,701 988,596 994,555 1,045,814 C
Slide 36: HSBC Holdings plc consolidated – balance sheet metrics
HSBC HSBC Holdings plc consolidated Balance sheet metrics NAV / share ($) at the end of the period $ 8.41 $ 8.71 $ 8.76 $ 8.70 $ 8.69 $ 8.76 TNAV / share ($) at the end of the period $ 7.48 $ 7.80 $ 7.88 $ 7.81 $ 7.81 $ 7.88 Ordinary $0.50 shares Basic number of ordinary shares in issue (m) 19,819 1
Slide 37: Net Interest Margin
HSBC HSBC Holdings plc Net Interest Margin Quarter to date Year to date 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Average balances during period ($m) Short‐term funds and loans and advances to banks 448,581 467,985 487,515 471,201 451,441 450,678 Loans and advances to customers 1,0
Slide 38: Wealth and Personal Banking
HSBC Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 3,974 3,672 3,584 3,541 3,561 14,191 Net fee income 1,253 1,365 1,357 1,496 1,413 5,894 Other operating income/(expense) 457 285 360 379 733 2,032
Slide 39: Wealth and Personal Banking – management view of revenue
HSBC Wealth and Personal Banking Quarter ended Year to date Management View of Adjusted Revenue – at originally reported average FX rates ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 30‐Jun‐22 30‐Jun‐21 Wealth 2,183 1,927 2,042 2,189 2,481 9,123 2 – investment distribution 801 81
Slide 40: Wealth and Personal Banking – significant items
HSBC Wealth and Personal Banking Reported revenue significant items ($m) Customer redress programmes (9) (2) (6) — — (7) Disposals, acquisitions and investment in new businesses — — — — — — Fair value movement on financial instruments 1 1 — (1) 1 — Restructuring and other related costs 1 92 15 (1) —
Slide 41: Commercial Banking
HSBC Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 2,644 2,360 2,294 2,236 2,204 8,916 Net fee income 940 979 928 925 898 3,639 Other operating income 98 195 165 213 219 876 Net operating income before chan
Slide 42: Commercial Banking – management view of revenue
HSBC Commercial Banking Quarter ended Year to date Management View of Adjusted Revenue – at originally reported average FX rates ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 30‐Jun‐22 30‐Jun‐21 Global Trade and Receivables Finance 536 542 512 500 478 1,945 Credit and Lending 1,47
Slide 43: Commercial Banking – reconciling items
HSBC Commercial Banking Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Reported Balance sheet data – significant items – Totals ($m) Risk‐weighted assets – disposals — — — — — — Reconciling items Currency translation on reported items – Tot
Slide 44: Global Banking and Markets
HSBC Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 1,207 1,090 1,078 1,020 999 4,122 Net fee income 738 788 821 923 909 3,603 Other operating income 1,971 2,149 1,475 1,568 1,580 6,863 Net operating
Slide 45: Global Banking and Markets – management view of revenue
HSBC Global Banking and Markets Quarter ended Year to date Management View of Adjusted Revenue – at originally reported average FX rates ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 30‐Jun‐22 30‐Jun‐21 Markets and Securities Services 2,329 2,371 1,871 1,985 1,941 8,288 Securities
Slide 46: Global Banking and Markets – significant items
HSBC Global Banking and Markets Reported Cost significant items ($m) Costs of structural reform — — — — — — Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — — — — Past service costs of guar
Slide 47: Corporate Centre
HSBC Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income (371) (125) (175) (187) (180) (740) Net fee income 7 (6) (5) (22) (9) (39) Other operating income (146) (288) 107 (80) 238 195 Net operating income before ch
Slide 48: Corporate Centre – management view of revenue
HSBC Corporate Centre Quarter ended Year to date Management View of Adjusted Revenue – at originally reported average FX rates ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 30‐Jun‐22 30‐Jun‐21 Central Treasury (32) 5 (9) (35) (27) (99) Legacy Credit 25 (21) (14) (35) 7 (33) Other
Slide 49: Corporate Centre – reconciling items
HSBC Corporate Centre Reconciling items Currency translation on reported items – Totals ($m) Revenue (7) (5) (3) (10) ECL (1) 1 — (2) Operating expenses 11 12 4 9 Share of profit in associates and joint ventures (26) (21) (22) (16) Currency translation on revenue significant items (3) (3) (2) (12) C
Slide 50: Europe
HSBC Europe Europe – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 1,792 1,785 1,593 1,720 1,614 6,455 Net fee income 914 933 972 985 961 3,882 Other operating income 1,861 2,067 2,626 1,979 2,602 9,767 Net operating in
Slide 51: Europe – Wealth and Personal Banking
HSBC Europe Europe – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,728 1,731 1,782 1,684 1,749 7,019 of which: net int
Slide 52: Europe – Commercial Banking
HSBC Europe Europe – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,325 1,236 1,225 1,208 1,200 4,843 of which: net interest inc
Slide 53: Europe – Global Banking and Markets
HSBC Europe Europe – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,231 1,360 1,162 1,080 1,204 4,952 of which: net inte
Slide 54: Europe – Corporate Centre
HSBC Europe Europe – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 284 458 1,016 711 1,025 3,285 of which: net interest income/(exp
Slide 55: Europe – Reconciling items
HSBC Europe RECONCILING ITEMS Europe – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (332) (352) (448) (550) Significant items Customer redress programmes (12) (2) (7) — — 11 Disposals, acquisitions and investment in ne
Slide 56: Europe – Commercial Banking reconciling items
HSBC Europe Europe – Commercial Banking Revenue significant items and currency translation ($m) (3) 85 96 126 147 15 ECL significant items and currency translation ($m) — 10 5 32 17 — Operating expense significant items and currency translation ($m) (15) (54) (50) (73) (73) (27) Share of profit in a
Slide 57: HSBC UK
HSBC HSBC UK UK ring‐fenced bank HSBC UK – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 1,812 1,751 1,623 1,593 1,625 6,397 Net fee income 379 395 431 389 351 1,484 Other operating income 179 141 199 162 152 714 Net op
Slide 58: HSBC UK – Wealth and Personal Banking
HSBC HSBC UK UK ring‐fenced bank HSBC UK – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,281 1,248 1,205 1,163 1,159 4
Slide 59: HSBC UK – Commercial Banking
HSBC HSBC UK UK ring‐fenced bank HSBC UK – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,055 998 995 938 929 3,794 of which: ne
Slide 60: HSBC UK – Global Banking and Markets
HSBC HSBC UK UK ring‐fenced bank HSBC UK – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 46 47 44 43 43 171 of which: net
Slide 61: HSBC UK – Corporate Centre
HSBC HSBC UK UK ring‐fenced bank HSBC UK – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges (11) (5) 7 (1) (1) 4 of which: net interes
Slide 62: HSBC UK – Reconciling items
HSBC HSBC UK UK ring‐fenced bank RECONCILING ITEMS HSBC UK – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (148) (157) (193) (220) Significant items Customer redress programmes (12) (2) (7) — — 11 Disposals, acquisition
Slide 63: HSBC UK – Commercial Banking reconciling items
HSBC HSBC UK UK ring‐fenced bank HSBC UK – Commercial Banking Revenue significant items and currency translation ($m) (3) 65 68 84 96 16 ECL significant items and currency translation ($m) — 13 4 30 17 — Operating expense significant items and currency translation ($m) (12) (26) (39) (38) (44) (9) S
Slide 64: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 649 634 645 572 587 2,411 Net fee income 422 412 413 498 504 1,945 Other operating income 750 1,193 908 726 1,060 4,068 Net o
Slide 65: HSBC Bank – Wealth and Personal Banking
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 405 445 414 353 438 1,757
Slide 66: HSBC Bank – Commercial Banking
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 419 393 368 370 380 1,508 of which:
Slide 67: HSBC Bank – Global Banking and Markets
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,312 1,452 1,210 1,103 1,2
Slide 68: HSBC Bank – Corporate Centre
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges (315) (51) (25) (30) 116 41 of which:
Slide 69: HSBC Bank – Reconciling items
HSBC HSBC Bank Non ring‐fenced bank RECONCILING ITEMS HSBC Bank – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (107) (123) (155) (221) Significant items Customer redress programmes — — — — — — Disposals, acquisitions a
Slide 70: HSBC Bank – Commercial Banking reconciling items
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank – Commercial Banking Revenue significant items and currency translation ($m) 1 17 26 33 40 1 ECL significant items and currency translation ($m) — (2) (2) 2 — — Operating expense significant items and currency translation ($m) (13) (15) (11) (30) (10) 2
Slide 71: Europe – Other
HSBC Europe – Other Europe – Other – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income/(expense) (669) (600) (675) (445) (598) (2,353) Net fee income 113 126 128 98 106 453 Other operating income 932 733 1,519 1,091 1,390 4
Slide 72: Europe – Other – Wealth and Personal Banking
HSBC Europe – Other HSBC Europe – Other – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 42 38 163 168 152 635 of which:
Slide 73: Europe – Other – Commercial Banking
HSBC Europe – Other HSBC Europe – Other – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges (149) (155) (138) (100) (109) (459) of wh
Slide 74: Europe – Other – Global Banking and Markets
HSBC Europe – Other HSBC Europe – Other – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges (127) (139) (92) (66) (56) (337)
Slide 75: Europe – Other – Corporate Centre
HSBC Europe – Other HSBC Europe – Other – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 610 514 1,034 742 910 3,240 of which: net i
Slide 76: Europe – Other – Reconciling items
HSBC Europe – Other RECONCILING ITEMS Europe Other – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (77) (72) (100) (109) Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment i
Slide 77: Europe – Other – Commercial Banking reconciling items
HSBC Europe – Other Europe ‐ Other – Commercial Banking Revenue significant items and currency translation ($m) (1) 3 2 9 11 (2) ECL significant items and currency translation ($m) — (1) 3 — — — Operating expense significant items and currency translation ($m) 10 (13) — (5) (19) (20) Share of profit
Slide 78: Asia
HSBC Asia Asia – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 3,509 3,277 3,189 3,140 3,110 12,596 Net fee income 1,195 1,332 1,259 1,496 1,439 5,871 Other operating income/(expense) 2,116 1,520 1,485 1,938 1,933 7,296
Slide 79: Asia – Wealth and Personal Banking
HSBC Asia Asia – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 2,856 2,431 2,552 2,764 2,980 11,224 of which: net intere
Slide 80: Asia – Commercial Banking
HSBC Asia Asia – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,543 1,496 1,320 1,391 1,364 5,503 of which: net interest income
Slide 81: Asia – Global Banking and Markets
HSBC Asia Asia – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1,944 1,832 1,553 1,883 1,756 7,202 of which: net interest
Slide 82: Asia – Corporate Centre
HSBC Asia Asia – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 478 371 503 537 384 1,832 of which: net interest expense (210) (78)
Slide 83: Asia – Reconciling items
HSBC Asia RECONCILING ITEMS Asia – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (122) (128) (139) (169) Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses
Slide 84: Asia – Commercial Banking reconciling items
HSBC Asia Asia – Commercial Banking Revenue significant items and currency translation ($m) 1 31 26 30 37 1 ECL significant items and currency translation ($m) — (3) (6) — (4) — Operating expense significant items and currency translation ($m) (12) (21) (28) (21) (31) (32) Share of profit in associa
Slide 85: Hong Kong
HSBC Hong Kong Hong Kong – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 2,067 1,896 1,840 1,808 1,794 7,270 Net fee income 743 807 781 1,007 971 3,898 Other operating income 924 537 460 906 904 3,295 Net operating inco
Slide 86: Hong Kong – Wealth and Personal Banking
HSBC Hong Kong Hong Kong – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 2,012 1,575 1,757 1,980 2,139 7,964 of which: n
Slide 87: Hong Kong – Commercial Banking
HSBC Hong Kong Hong Kong – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 805 790 704 763 729 2,999 of which: net interest income
Slide 88: Hong Kong – Global Banking and Markets
HSBC Hong Kong Hong Kong – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 829 755 576 862 756 3,112 of which: net interest
Slide 89: Hong Kong – Corporate Centre
HSBC Hong Kong Hong Kong – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 87 121 45 116 44 388 of which: net interest expense (144)
Slide 90: Hong Kong – Reconciling items
HSBC Hong Kong RECONCILING ITEMS Hong Kong – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (16) (21) (30) (36) Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment in new busi
Slide 91: Hong Kong – Commercial Banking reconciling items
HSBC Hong Kong Hong Kong – Commercial Banking Revenue significant items and currency translation ($m) — 5 4 7 7 — ECL significant items and currency translation ($m) — (1) — — — — Operating expense significant items and currency translation ($m) (11) (8) (16) (8) (13) (29) Share of profit in associa
Slide 92: Mainland China
HSBC Mainland China Mainland China – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 435 433 430 426 414 1,671 Net fee income 95 128 104 104 108 441 Other operating income 634 432 449 430 389 1,622 Net operating income be
Slide 93: Mainland China – Wealth and Personal Banking
HSBC Mainland China Mainland China – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 218 194 223 199 219 857 of which: net
Slide 94: Mainland China – Commercial Banking
HSBC Mainland China Mainland China – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 204 226 194 204 197 787 of which: net interest
Slide 95: Mainland China – Global Banking and Markets
HSBC Mainland China Mainland China – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 314 271 264 274 266 1,077 of which: ne
Slide 96: Mainland China – Corporate Centre
HSBC Mainland China Mainland China – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 428 303 304 282 226 1,012 of which: net interest
Slide 97: Mainland China – Reconciling items
HSBC Mainland China RECONCILING ITEMS Mainland China – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (41) (34) (22) (23) Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment i
Slide 98: Mainland China – Commercial Banking reconciling items
HSBC Mainland China Mainland China – Commercial Banking Revenue significant items and currency translation ($m) — 10 7 4 5 — ECL significant items and currency translation ($m) — (2) (1) (1) (1) — Operating expense significant items and currency translation ($m) — (4) (5) (2) (3) 2 Share of profit i
Slide 99: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 362 341 328 321 320 1,299 Net fee income 216 215 215 187 185 774 Other operating income 36 168 138 119 115 4
Slide 100: MENA – Wealth and Personal Banking
HSBC Middle East and North Africa Middle East and North Africa – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 221 214 2
Slide 101: MENA – Commercial Banking
HSBC Middle East and North Africa Middle East and North Africa – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 105 156 156 158 15
Slide 102: MENA – Global Banking and Markets
HSBC Middle East and North Africa Middle East and North Africa – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 286 352 32
Slide 103: MENA – Corporate Centre
HSBC Middle East and North Africa Middle East and North Africa – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 1 3 5 6 5 25 of whic
Slide 104: MENA – Reconciling items
HSBC Middle East and North Africa RECONCILING ITEMS Middle East and North Africa – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (30) (45) (50) (49) Significant items Customer redress programmes — — — — — — Disposals, a
Slide 105: MENA – Commercial Banking reconciling items
HSBC Middle East and North Africa Middle East and North Africa – Commercial Banking Revenue significant items and currency translation ($m) — 7 13 16 13 — ECL significant items and currency translation ($m) — (1) (4) (2) 2 — Operating expense significant items and currency translation ($m) (2) (3) (
Slide 106: North America
HSBC North America North America – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 803 724 700 712 729 2,845 Net fee income 475 522 524 522 501 2,056 Other operating income 274 391 329 216 272 1,153 Net operating income b
Slide 107: North America – Wealth and Personal Banking
HSBC North America North America – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 435 536 478 463 483 1,919 of which: net
Slide 108: North America – Commercial Banking
HSBC North America North America – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 531 493 508 487 473 1,914 of which: net interest
Slide 109: North America – Global Banking and Markets
HSBC North America North America – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 518 560 495 472 461 1,991 of which: net
Slide 110: North America – Corporate Centre
HSBC North America North America – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 69 48 73 28 85 231 of which: net interest expense
Slide 111: North America – Reconciling items
HSBC North America RECONCILING ITEMS North America – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation (4) (7) (6) (19) Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment in new
Slide 112: North America – Commercial Banking reconciling items
HSBC North America North America – Commercial Banking Revenue significant items and currency translation ($m) — 2 3 3 8 — ECL significant items and currency translation ($m) — — 1 — 1 — Operating expense significant items and currency translation ($m) (7) (5) (6) (8) (8) (14) Share of profit in asso
Slide 113: US
HSBC US US – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 472 424 436 448 464 1,809 Net fee income 306 354 351 353 329 1,376 Other operating income 224 342 237 133 191 821 Net operating income before change in expected
Slide 114: HSBC US – Wealth and Personal Banking
HSBC US HSBC US – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 219 332 278 262 278 1,116 of which: net interest income
Slide 115: HSBC US – Commercial Banking
HSBC US HSBC US – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 282 259 272 262 253 1,031 of which: net interest income 209 176 1
Slide 116: HSBC US – Global Banking and Markets
HSBC US HSBC US – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 450 492 429 398 384 1,697 of which: net interest income 9
Slide 117: HSBC US – Corporate Centre
HSBC US HSBC US – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 51 38 50 12 66 161 of which: net interest expense (16) (5) (2) (8)
Slide 118: US – Reconciling items
HSBC US RECONCILING ITEMS US – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation — — — 1 Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair va
Slide 119: US – Commercial Banking reconciling items
HSBC US US – Commercial Banking Revenue significant items and currency translation ($m) — — — — — — ECL significant items and currency translation ($m) — — 1 — (1) — Operating expense significant items and currency translation ($m) (6) (3) (4) (2) (4) (8) Share of profit in associates and joint vent
Slide 120: Latin America
HSBC Latin America Latin America – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 653 607 611 574 524 2,195 Net fee income 138 125 129 131 126 514 Other operating income 165 93 56 72 123 349 Net operating income before c
Slide 121: Latin America – Wealth and Personal Banking
HSBC Latin America Latin America – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 557 512 490 497 483 1,901 of which: net
Slide 122: Latin America – Commercial Banking
HSBC Latin America Latin America – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 194 167 169 162 152 625 of which: net interest i
Slide 123: Latin America – Global Banking and Markets
HSBC Latin America Latin America – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 130 142 116 134 133 495 of which: net in
Slide 124: Latin America – Corporate Centre
HSBC Latin America Latin America – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 74 4 20 (16) 4 36 of which: net interest expense (
Slide 125: Latin America – Reconciling items
HSBC Latin America RECONCILING ITEMS Latin America – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation — (4) (32) (30) Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment in new
Slide 126: Latin America – Commercial Banking reconciling items
HSBC Latin America Latin America – Commercial Banking Revenue significant items and currency translation ($m) — 2 6 9 8 — ECL significant items and currency translation ($m) — — 2 — — — Operating expense significant items and currency translation ($m) — (1) (5) (8) (7) (5) Share of profit in associa
Slide 127: Mexico
HSBC Mexico Mexico – TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net interest income 448 430 407 395 376 1,542 Net fee income 110 97 102 104 98 406 Other operating income 118 93 77 107 119 393 Net operating income before change in expect
Slide 128: Mexico – Wealth and Personal Banking
HSBC Mexico Mexico – Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 473 434 416 416 416 1,612 of which: net interest inco
Slide 129: Mexico – Commercial Banking
HSBC Mexico Mexico – Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 122 106 97 103 99 397 of which: net interest income 96 83 86 8
Slide 130: Mexico – Global Banking and Markets
HSBC Mexico Mexico – Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 71 79 56 71 73 276 of which: net interest income 44 74
Slide 131: Mexico – Corporate Centre
HSBC Mexico Mexico – Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Net operating income before change in expected credit losses and other credit impairment charges 10 — 16 17 5 56 of which: net interest expense (37) (44) (43) (4
Slide 132: Mexico – Reconciling items
HSBC Mexico RECONCILING ITEMS Mexico – TOTAL Quarter ended Year to date Revenue ($m) 30‐Jun‐22 31‐Mar‐22 31‐Dec‐21 30‐Sep‐21 30‐Jun‐21 31‐Dec‐21 Currency translation 14 20 (1) (1) Significant items Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — —
Slide 133: Mexico – Commercial Banking reconciling items
HSBC Mexico Mexico – Commercial Banking Revenue significant items and currency translation ($m) — (3) (4) — — — ECL significant items and currency translation ($m) — (1) 2 — — — Operating expense significant items and currency translation ($m) — 1 1 (3) (1) (4) Share of profit in associates and join
Slide 134: Credit risk
HSBC Credit risk Summary of credit risk (excluding debt instruments measured at FVOCI) by stage distribution and ECL coverage by industry sector at 30 June 2022 Gross carrying/nominal amount1 Allowance for ECL ECL coverage % Stage 1 Stage 2 Stage 3 POCI2 Total Stage 1 Stage 2 Stage 3 POCI2 Total Sta
Slide 135: Credit risk – wholesale lending by stage
HSBC Credit risk Total wholesale lending for loans and advances to banks and customers by stage distribution Gross carrying amount Allowance for ECL Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Total $m $m $m $m $m $m $m $m $m $m Corporate and commercial 399,152 95,590 14,707 117
Slide 136: HSBC Holdings plc
HSBC Holdings plc 8 Canada Square London E14 5HQ United Kingdom Telephone: 44 020 7991 8888 www.hsbc.com Incorporated in England with limited liability Registered number 617987