HSBC Holdings PLC · LSE:HSBA
HSBC — H1 2021 Earnings Presentation
172 slides from HSBC's earnings presentation, Aug 2, 2021
Slide 1: 2021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。 2021 年 8 月 2 日 (香港股份代號 : 5) HSBC Holdings plc 滙豐控股有限公司 2021 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、傅偉思†、古肇華†、 利蘊蓮†、麥
Slide 2: 2021年中期業績摘要
2021年8月2日 HSBC HOLDINGS PLC 滙豐控股有限公司 2021年中期業績摘要 集團行政總裁祈耀年表示： 「這些理想業績反映我們的主要市場已回復增長，並標誌著於執行策略方面取得進展。在預期信貸損失準備撥回的助力下，我們上半年在所有地區均錄 得盈利。我們的貸款渠道於第二季已開始推動業務增長，我們並在上半年進一步加強了相關渠道。此項業績使我們能夠就2021年首六個月派付中期股息。 我們的增長和轉型計劃已經凝聚強大動力，在四大支柱策略方面均有良好進展，令我十分欣慰。具體而言，我們既已明確界定美國和歐洲大陸業務今 後的發展方向，也進一步加強了環球財富管理的服務能力。 我們將繼續專注執
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 2021年 2020年 2020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） 25,551 26,745 23,684 列賬基準除稅前利潤（百萬美元） 10,839 4,318 4,459 列賬基準除稅後利潤（百萬美元） 8,422 3,125 2,974 母公司普通股股東應佔利潤（百萬美元） 7,276 1,977 1,921 成本效益比率 (%) 66.9 61.8 75.6 每股基本盈利（美元） 0.36 0.10 0.10 每股攤薄後盈利（美元） 0.36 0.10 0.09 淨利息收益率 (%)1 1.21 1
Slide 4: 摘要
摘要 截至下列日期止半年 2021年 2020年 6月30日 6月30日 百萬美元 百萬美元 列賬基準 收入1 25,551 26,745 預期信貸損失及其他信貸減值準備變動 719 (6,858) 營業支出 (17,087) (16,527) 應佔聯營及合資公司利潤 1,656 958 除稅前利潤 10,839 4,318 經調整2 收入1 25,797 27,597 預期信貸損失及其他信貸減值準備變動 719 (7,287) 營業支出 (16,222) (15,705) 應佔聯營及合資公司利潤 1,656 1,049 除稅前利潤 11,950 5,654 影響經調整業績之重大項目 收入 客
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 我們於今年2月更新了滙豐的企業宗旨。經廣泛徵詢全球各地同事和客戶的意見後，得出「開拓全球機遇」的結論。此後，我曾與滙豐上下數以千計同 事商討，如何在日常工作中貫徹這個目標。 這些談話熱情踴躍，令我深受鼓舞。當中展現的滙豐宗旨和價值觀 – 重視分歧、一起成功、承擔責任、使命必達 – 獲得熱烈迴響，這不單是我們行為 的指引，更突顯員工對我們作為一家企業的期望。很多同事都對滙豐的傳統和文化深感自豪，但亦認同我們必須與時並進，以應對當前和未來的挑戰。 但最重要的，是大家都強烈希望從過去18個月的挑戰中學習和汲取教訓，我和高級管理團隊對此深有同感。 上半年的理想業績充分體現這種
Slide 6: 個人客戶方面，我們的Global Money Account數碼服務讓國際客戶持有、管理和發送不同貨幣的資金而無須付費。繼2020年在美國成功推出後，我們 我們為企業客戶推出支援多種貨幣的全新數碼錢包服務HSBC Global Wal…
個人客戶方面，我們的Global Money Account數碼服務讓國際客戶持有、管理和發送不同貨幣的資金而無須付費。繼2020年在美國成功推出後，我們 今年上半年將該項服務拓展至阿聯酋及新加坡，並於2021年在更多市場推出。 我們為企業客戶推出支援多種貨幣的全新數碼錢包服務HSBC Global Wallet，讓企業透過單一環球賬戶持有、發送和收取多種貨幣的現金。我們已率先 向新加坡、英國和美國的客戶推出此項服務，並計劃於今年下半年加入新的功能和貨幣。 我們亦為英國的企業客戶推出HSBC Kinetic。Kinetic是真正「流動為先」的銀行服務，有別於附設流動功能的銀行賬戶。該項服務經參
Slide 7: 財務概要
財務概要 截至下列日期止半年 2021年 2020年 2020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 10,839 4,318 4,459 應佔利潤： – 母公司普通股股東 7,276 1,977 1,921 普通股股息1 3,059 — — 於期末 股東權益總額 198,218 187,036 196,443 監管規定資本總額 181,122 177,242 184,423 客戶賬項 1,669,091 1,532,380 1,642,780 資產總值 2,976,005 2,922,798 2,984,164 風險加權資產 862,292
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2021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 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1 11,401 6,651 7,878 (133) 25,797 – 外來 11,168 6,626 8,631 (628) 25,797 – 項目之間 233 25 (753) 495 — 其中：淨利息收益／（支出） 7,067 4,366 2,024 (378) 13,079 預期信貸損失及其他信貸減值準備（提撥）／收回之變動 52 24
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2020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 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1 11,019 6,489 7,323 (308) 24,523 – 外來 10,534 6,468 8,257 (736) 24,523 – 項目之間 485 21 (934) 428 — 其中：淨利息收益／（支出） 7,231 4,545 2,184 (533) 13,427 預期信貸損失及其他信貸減值準備（提撥）／收回之變動 (
Slide 10: 綜合收益表
綜合收益表 截至下列日期止半年 2021年 2020年 2020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 13,098 14,509 13,069 – 利息收益 17,960 23,000 18,756 – 利息支出 (4,862) (8,491) (5,687) 費用收益淨額 6,674 5,926 5,948 – 費用收益 8,458 7,480 7,571 – 費用支出 (1,784) (1,554) (1,623) 持作交易用途或按公允值予以管理之金融工具淨收益 4,184 5,768 3,814 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 2021年 2020年 2020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 8,422 3,125 2,974 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 (1,368) 1,747 3 – 公允值增益／（虧損） (1,392) 2,654 293 – 出售後撥入收益表之公允值增益 (375) (454) (214) – 於收益表中確認之預期信貸收回／（損失） (26) 109 (61) – 所得稅 425 (562) (15) 現金流對沖 (238) 476 (
Slide 12: 綜合資產負債表
綜合資產負債表 於下列日期 2021年 2020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 393,559 304,481 向其他銀行託收中之項目 9,406 4,094 香港政府負債證明書 41,880 40,420 交易用途資產 260,250 231,990 指定及其他強制性按公允值計入損益賬之金融資產 49,120 45,553 衍生工具 209,516 307,726 同業貸款 86,886 81,616 客戶貸款 1,059,511 1,037,987 反向回購協議 – 非交易用途 201,714 230,628 金融投資 434,576 490
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 2021年 2020年 2020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 10,839 4,318 4,459 非現金項目調整： 折舊、攤銷及減值 1,802 3,095 2,146 投資活動增益淨額 (485) (405) (136) 應佔聯營及合資公司利潤 (1,656) (958) (639) 未減收回額及其他信貸減值準備之預期信貸損失變動 (484) 6,875 2,221 準備（包括退休金） 301 277 887 以股份為基礎之支出 254 195 238 計入除稅前利潤之其他非現金項目 205 (718
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 已催繳股 全面收益 本及股份 其他 之金融資 現金流 合併及 股東 非控股 各類股東 溢價 股權工具 保留盈利 產儲備 對沖儲備 匯兌儲備 其他儲備 權益總額 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1月1日 24,624 22,414 140,572 1,816 457 (20,375) 26,935 196,443 8,552 204,995 本期利潤 — — 7,949 — — — — 7,949 473 8,422 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 已催繳股 全面收益 本及股份 其他 之金融資 現金流 合併及 股東 非控股 各類股東 溢價 股權工具 保留盈利 產儲備 對沖儲備 匯兌儲備 其他儲備 權益總額 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2020年7月1日 24,614 20,914 141,809 1,558 463 (29,692) 27,370 187,036 8,185 195,221 本期利潤 — — 2,590 — — — — 2,590 384 2,974 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》 滙豐的簡明中期財務報表乃基於2020年財務報表所載之政策及根據英國採納之IAS 34「中期財務報告」、國際會計準則委員會（「IASB」）頒布之 IAS 34「中期財務報告」、歐盟採納之IAS 34「中期財務報告」以及英國金融業操守監管局的《披露指引及透明度規則資料手冊》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2020年底以來財務狀況及業績變化而言相當重要。有關財務報表應與 《2020年報及賬目》一併閱讀。《2020年報及賬目》乃根據英國《2006年公司法》規定的國際會計準則、根據EC規例
Slide 17: 股息
2 股息 2021年8月2日，董事會已批准就截至2021年12月31日止財政年度上半年派發中期股息每股普通股0.07美元，分派金額約達14.3億美元，並將於2021年 9月30日派付。滙豐並無就此等股息於財務報表內確認負債。 已付予滙豐控股有限公司股東之股息 截至下列日期止半年 2021年6月30日 2020年6月30日 2020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： – 第四次股息 0.15 3,059 — — — — — — — 本年度： –
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 2021年 2020年 2020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 7,949 2,639 2,590 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 2021年 2020年 2020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 收入1 列賬基準 25,551 26,745 23,684 貨幣換算 1,117 630 重大項目 246 (265) 209 – 客戶賠償計劃 (18) (26) 47 – 出售、收購及於新業務之投資 — 8 2 – 金融工具之公允值變動2 194 (299) 35 – 重組架構及其他相關成本3 70 49 121 – 重大項目之貨幣換算 3 4 經調整 25,797 27,597 24,523 預期信貸損失 列賬基準 719 (6,85
Slide 20: 或有負債、合約承諾及擔保
6 或有負債、合約承諾及擔保 於下列日期 2021年 2020年 6月30日 12月31日 百萬美元 百萬美元 擔保及或有負債： – 金融擔保 27,274 18,384 – 履約及其他擔保 80,641 78,114 – 其他或有負債 838 1,219 於期末 108,753 97,717 承諾：1 – 跟單信用證及短期貿易交易 9,201 7,178 – 遠期資產購置及遠期有期存款 72,916 66,506 – 備用信貸、信貸額及其他貸款承諾 764,768 771,086 於期末 846,885 844,770 1 包括於2021年6月30日因滙豐已成為不可撤銷承諾的訂約方而應用IF
Slide 21: 法律訴訟及監管事宜
曼群島上訴法院撤銷Primeo的上訴。2019年8月，Primeo向英國樞密院提交上訴通知書。該兩宗可能在英國樞密院召開之聆訊中，首宗已在2021年4月 進行，目前尚待判決。 於盧森堡提出的訴訟：2009年4月，Herald Fund SPC（「Herald」，自2013年7月起清盤）於盧森堡地方法院對HSSL提出訴訟，尋求歸還Herald聲稱 因馬多夫證券詐騙案而損失的現金及證券或收取損害賠償金。盧森堡地方法院已撤銷Herald要求歸還證券的申索，但保留Herald要求歸還現金及收取損 害賠償金的申索。Herald已就此項判決向盧森堡上訴法院提出上訴，現正等待審理。2018年底，Herald
Slide 22: 法律訴訟及監管事宜（續）
行與抑制該基準利率有關的不當行為，違反美國《反壟斷法》和州法例。2019年7月，三宗推定集體訴訟已被合併處理，而原告人已提交合併經修訂申 訴。2020年3月，法院接納被告人就整項申訴提出的共同撤銷呈請。案件現正上訴。 新加坡銀行同業拆息、新元掉期利率及澳洲銀行票據掉期利率：2016年7及8月，在兩宗於紐約地區法院提出的推定集體訴訟中，原告人代表曾買賣以 新加坡銀行同業拆息、新元掉期利率及澳洲銀行票據掉期利率作為基準利率之相關產品的人士，將滙豐及其他銀行訂價小組成員列為被告人。申訴指 稱（其中包括）被告人曾進行與此等基準利率有關的不當行為，違反美國《反壟斷法》、《大宗商品交易法》和《敲詐勒索法》
Slide 23: 電影融資訴訟
鉑金及鈀金：由2014年底至2015年初，有多宗推定集體訴訟在紐約地區法院提出，滙豐及倫敦鉑金及鈀金訂價有限公司的其他成員機構均被列為被告 人。該等申訴指稱由2008年1月至2014年11月，被告人串謀操控鉑族金屬及按鉑族金屬計價的金融產品之價格，以謀取共同利益，違反美國《反壟斷 法》及美國《大宗商品交易法》。2020年3月，法院接納被告人就原告人的第三次經修訂申訴提出的撤銷呈請，唯亦批准原告人重新申述若干申索。原 告人已提出上訴。 根據目前已知的事實，現階段要求滙豐預測此等事宜的解決方案（包括解決時間及可能對滙豐造成的任何影響）並不切實可行，但有關影響可能甚大。 電影融資訴訟 2015年7及
Slide 24: 美國零售銀行業務及資本結構
美國零售銀行業務 我們於2021年5月26日宣布，將會退出美國的大眾市場零售銀行業務，包括個人和運籌理財提案，以及零售工商銀行業務，並將約20至25家零售分行 重新定位為國際財富管理中心，服務卓越理財及尚玉客戶。在執行上述策略的同時，美國滙豐銀行已經與Citizens Bank及Cathay Bank達成最終銷售協 議，向彼等出售旗下約90家零售分行及絕大部分住宅按揭、無抵押及零售工商銀行業務貸款，以及卓越理財、尚玉和私人銀行業務客戶以外所有分行 網絡的存款。與大眾市場零售銀行業務相關的若干管理資產亦將轉移。其餘未有出售或重新定位的分行則會關閉。 若能獲得監管機構批准，出售預期於2022年第一
Slide 25: 槓桿比率
槓桿比率1 於下列日期 2021年 2020年 6月30日 12月31日 參考* 十億美元 十億美元 20 一級資本 157.0 158.5 21 槓桿比率風險總額 2,968.5 2,897.1 % % 22 槓桿比率 5.3 5.5 EU-23 資本計量定義的過渡性安排選擇 已全面實行 已全面實行 英國槓桿比率風險額－季度均值2 2,535.1 2,555.5 % % 英國槓桿比率－季度均值2 6.3 6.1 英國槓桿比率－季末2 6.2 6.2 * 參考索引為歐洲銀行管理局範本對應項目的編號。 1 兩項槓桿比率的計算均已採用資本規例2之IFRS 9監管規定過渡安排。 2 英國槓桿比率乃指
Slide 26: 企業管治
14 企業管治 滙豐須遵守英國及香港的企業管治規定。截至2021年6月30日止六個月內，滙豐已遵守英國《企業管治守則》的適用條文，亦已遵守香港《企業管治守 則》的規定。英國《企業管治守則》可於 www.frc.org.uk 查閱，而香港《企業管治守則》可於 www.hkex.com.hk 查閱。 根據香港的守則，除明確交由獨立風險管理委員會處理者外，集團監察委員會應負責監督所有風險管理及內部監控制度。滙豐的集團風險管理委員會 負責監督內部監控（有關內部財務監控除外）及風險管理制度。 董事會已根據《濫用市場條例》及聯交所證券上市規則的規定，就買賣集團證券的責任編製守則，而聯交所經考慮英國採納的慣
Slide 27: 使用替代表現衡量指標
17 使用替代表現衡量指標 本新聞稿包含管理層內部使用的非IFRS衡量指標，均構成歐洲證券及市場管理局指引下的替代表現衡量指標，以及美國證交會的規則及法規所界定， 並按照相關規則及法規呈列的非公認會計原則財務衡量指標（「替代表現衡量指標」）。我們採用的主要替代表現衡量指標，乃按「經調整業績」基 準呈列。其計算方法是，就導致按期比較資料扭曲的貨幣換算差額及重大項目之按期影響，對列賬基準業績作出調整。重大項目是指管理層和投資者 為更深入了解業務的實際趨勢，一般會於評估業績表現時識別及另行考慮的項目。有關替代表現衡量指標和IFRS下最可直接比較衡量指標的對賬，請 參閱滙豐送呈存檔的2020年20-F
Slide 28: Slide 28
Slide 29: 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 30: Data Pack 2Q 2021
HSBC HOLDINGS PLC Data Pack 2Q 2021 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 2020. The financial information does not constitute financial st
Slide 31: 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 32: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Quarter ended Year to date Year to date Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 30-Jun-21 30-Jun-20 Net interest income 6,584 6,514 6,619 6,450 6,897 27,578 13,098 14,509 Net fee income 3,211 3,463 2,967 2,981 2,803 1
Slide 33: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Quarter ended Year to date Year to date Year to date Earnings metrics 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 30-Jun-21 30-Jun-20 Return on average equity (annualised) 7.8 % 9.0 % 1.3 % 3.2 % 0.5 % 2.3 % 8.4 % 2.4 % Return on average tangible e
Slide 34: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Balance sheet date Balance sheet date Assets - reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Cash and balances at central banks 393,559 384,448 304,481 285,508 249,673 304,481 Items in the course of collection from other banks 9,406 5,1
Slide 35: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Equity - reported ($m) Called up share capital 10,376 10,375 10,347 10,346 10,346 10,347 Share premium account 14,600 14,588 14,277 14,274 14,268 14,277 Other equity instruments 22,414 24,414 22,414 20,914 20,914 22,414 Other reserves 6,509 6,016 8,833 3,622 (301)
Slide 36: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Balance sheet date Balance sheet date Adjusted balance sheet data - at most recent balance sheet FX rates ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Loans and advances to customers (net) 1,059,511 1,043,131 1,036,817 1,073,130 1,073,848 1,037
Slide 37: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Balance sheet metrics NAV / share ($) at the end of the period $ 8.69 $ 8.64 $ 8.62 $ 8.41 $ 8.17 $ 8.62 TNAV / share ($) at the end of the period $ 7.81 $ 7.78 $ 7.75 $ 7.55 $ 7.34 $ 7.75 Ordinary $0.50 shares Basic number of ordinary shares in issue (m) 20,223 2
Slide 38: Net Interest Margin
HSBC HSBC Holdings plc Net Interest Margin Quarter to date Year to date 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Average balances during period ($m) Short-term funds and loans and advances to banks 451,441 391,270 348,680 332,291 286,614 298,255 Loans and advances to customers 1,0
Slide 39: Wealth and Personal Banking
HSBC Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 3,561 3,505 3,550 3,478 3,689 15,085 Net fee income 1,413 1,628 1,326 1,391 1,224 5,408 Other operating income/(expense) 733 560 444 540 743 1,506
Slide 40: Wealth and Personal Banking
HSBC Wealth and Personal Banking Quarter ended Year to date 2 Management View of Adjusted Revenue - at originally reported average FX rates ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Wealth 2,439 2,382 2,053 2,160 2,183 7,818 – investment distribution 826 1,025 736 872 719 3,20
Slide 41: Wealth and Personal Banking
HSBC Wealth and Personal Banking Reported revenue significant items ($m) Customer redress programmes (1) (1) — (31) 26 (5) Disposals, acquisitions and investment in new businesses — — (1) (1) — (9) Fair value movement on financial instruments 1 — — — — — Restructuring and other related costs — — — —
Slide 42: Commercial Banking
HSBC Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 2,204 2,182 2,210 2,208 2,287 9,301 Net fee income 898 888 808 787 734 3,225 Other operating income 219 279 128 153 246 768 Net operating income before cha
Slide 43: Commercial Banking
HSBC Commercial Banking Quarter ended Year to date Management View of Adjusted Revenue - at originally reported average FX rates ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Global Trade and Receivables Finance 478 455 423 429 423 1,744 Credit and Lending 1,497 1,468 1,457 1,442
Slide 44: Commercial Banking
HSBC Commercial Banking Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Reported Balance sheet data - significant items- Totals ($m) Risk-weighted assets - disposals — — — — — — Reconciling items Currency translation on reported items - Tota
Slide 45: Global Banking and Markets
HSBC Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 999 1,025 1,106 1,040 1,123 4,518 Net fee income 909 950 841 818 843 3,267 Other operating income 1,580 2,240 1,352 1,652 2,274 7,209 Net operating
Slide 46: Global Banking and Markets
HSBC Global Banking and Markets Quarter ended Year to date 2 Management View of Adjusted Revenue - at originally reported average FX rates ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Markets and Securities Services 1,941 2,492 1,919 2,022 2,558 8,787 Securities Services 472 452
Slide 47: Global Banking and Markets
HSBC Global Banking and Markets Reported Revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movement on financial instruments (1) (12) (64) (3) (121) (2) Restructuring and other related costs (97) (65
Slide 48: Corporate Centre
HSBC Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income (180) (198) (247) (276) (202) (1,326) Net fee income (9) (3) (8) (15) 2 (26) Other operating income 238 (70) 247 151 96 1,494 Net operating income before cha
Slide 49: Corporate Centre
HSBC Corporate Centre Quarter ended Year to date Management View of Adjusted Revenue - at originally reported average FX rates ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Central Treasury (27) (28) (12) (32) (64) 156 Legacy Credit 7 9 3 28 43 (17) Other (69) (25) (146) (151) (14
Slide 50: Corporate Centre
HSBC Corporate Centre Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — (462) — (462) Reported Balance sheet data - significant items- Totals ($m) Risk-weighted assets - disposals — — — — — — Reconciling items Currency translation on reported items
Slide 51: Europe
HSBC Europe Europe - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 1,614 1,528 1,521 1,391 1,337 5,695 Net fee income 961 964 927 827 811 3,501 Other operating income 2,602 2,560 2,506 2,271 2,408 9,223 Net operating in
Slide 52: Europe
HSBC Europe Europe - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,749 1,804 1,754 1,608 1,621 6,490 of which: net int
Slide 53: Europe
HSBC Europe Europe - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,200 1,210 1,201 1,134 1,072 4,573 of which: net interest inc
Slide 54: Europe
HSBC Europe Europe - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,204 1,506 1,048 1,168 1,353 4,476 of which: net inte
Slide 55: Europe
HSBC Europe Europe - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,025 533 949 579 510 2,878 of which: net interest income/(expen
Slide 56: Europe
HSBC Europe SIGNIFICANT ITEMS Europe - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — 18 1 (48) 26 (21) Disposals, acquisitions and investment in new businesses — — — — — — Fair value
Slide 57: Europe
HSBC Europe Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Europe - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — 20 — (16) — (16) Disposals, acquisitions and investment in new businesses — — — — —
Slide 58: Europe
HSBC Europe Reported cost significant items ($m) Costs of structural reform — — — — — — Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — (6) (567) (573) Past service costs of guaranteed min
Slide 59: Europe
HSBC Europe Revenue significant items 1 7 (9) (7) Operating expense significant items (3) (25) (18) (125) Share of profit in associates and joint ventures significant items — — — — Loans and advances to customers (net) 1,550 789 22,547 39,692 Customer accounts 2,404 2,306 34,612 60,068 Europe - Weal
Slide 60: Europe
HSBC Europe Europe - Global Banking and Markets Revenue 17 54 107 179 ECL — (2) (1) (44) Operating expenses (15) (70) (99) (223) Share of profit in associates and joint ventures — — — — Revenue significant items (2) (9) (4) (10) Operating expense significant items (1) (5) (5) (74) Share of profit in
Slide 61: HSBC UK
HSBC HSBC UK UK ring-fenced bank HSBC UK - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 1,625 1,556 1,503 1,433 1,369 5,839 Net fee income 351 313 345 290 278 1,304 Other operating income 152 201 149 134 106 596 Net op
Slide 62: HSBC UK
HSBC HSBC UK UK ring-fenced bank HSBC UK - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,159 1,100 1,062 987 945 4,199
Slide 63: HSBC UK
HSBC HSBC UK UK ring-fenced bank HSBC UK - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 929 932 881 822 771 3,348 of which: net
Slide 64: HSBC UK
HSBC HSBC UK UK ring-fenced bank HSBC UK - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 43 41 56 50 42 200 of which: net
Slide 65: HSBC UK
HSBC HSBC UK UK ring-fenced bank HSBC UK - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges (1) (1) (1) (2) (5) (7) of which: net inte
Slide 66: HSBC UK
HSBC HSBC UK UK ring-fenced bank SIGNIFICANT ITEMS HSBC UK - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — 18 — (47) 26 (21) Disposals, acquisitions and investment in new businesses —
Slide 67: HSBC UK
HSBC HSBC UK UK ring-fenced bank Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC UK - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — 20 — (16) — (16) Disposals, acquisitions and investment in ne
Slide 68: HSBC UK
HSBC HSBC UK UK ring-fenced bank Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC UK - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new busines
Slide 69: HSBC UK
HSBC HSBC UK UK ring-fenced bank HSBC UK - Wealth and Personal Banking Revenue 16 64 82 119 ECL 2 (8) (4) (61) Operating expenses (12) (44) (62) (97) Share of profit in associates and joint ventures — — — — Revenue significant items — — (3) 3 Operating expense significant items — 3 (1) (6) Share of
Slide 70: HSBC UK
HSBC HSBC UK UK ring-fenced bank HSBC UK - Corporate Centre Revenue (1) (1) — — ECL 3 3 — (3) Operating expenses (3) (7) (1) 1 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items (3) (7) (3) — Share of profit in associates an
Slide 71: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank HSBC Bank - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 587 607 660 621 606 2,435 Net fee income 504 530 477 442 438 1,797 Other operating income 1,060 1,374 812 919 1,176 3,325 Net
Slide 72: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank HSBC Bank - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 438 552 405 393 448 1,326
Slide 73: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank HSBC Bank - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 380 390 356 367 375 1,451 of which:
Slide 74: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank HSBC Bank - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,217 1,588 1,104 1,272 1,4
Slide 75: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank HSBC Bank - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 116 (20) 83 (50) (55) (63) of which:
Slide 76: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank SIGNIFICANT ITEMS HSBC Bank - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — —
Slide 77: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC Bank - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new
Slide 78: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC Bank - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new bu
Slide 79: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank HSBC Bank - Wealth and Personal Banking Revenue 2 8 16 43 ECL — — (1) (2) Operating expenses (1) (8) (11) (43) Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — 2 (10) Share of profit
Slide 80: HSBC Bank
HSBC HSBC Bank Non ring-fenced bank HSBC Bank - Corporate Centre Revenue (3) (3) (3) (6) ECL — — 1 (1) Operating expenses — (9) (12) (20) Share of profit in associates and joint ventures 2 3 — 7 Revenue significant items (1) 2 — — Operating expense significant items 1 (4) (11) (19) Share of profit i
Slide 81: Europe - Other
HSBC Europe - Other Europe - Other - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income/(expense) (598) (635) (642) (663) (638) (2,579) Net fee income 106 121 105 95 95 400 Other operating income 1,390 985 1,545 1,218 1,126
Slide 82: Europe - Other
HSBC Europe - Other HSBC Europe - Other - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 152 152 287 228 228 966 of which
Slide 83: Europe - Other
HSBC Europe - Other HSBC Europe - Other - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges (109) (112) (36) (55) (74) (225) of which
Slide 84: Europe - Other
HSBC Europe - Other HSBC Europe - Other - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges (56) (123) (112) (154) (141) (565
Slide 85: Europe - Other
HSBC Europe - Other HSBC Europe - Other - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 910 554 867 631 570 2,945 of which: net int
Slide 86: Europe - Other
HSBC Europe - Other SIGNIFICANT ITEMS HSBC Europe - Other - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — 1 (1) — — Disposals, acquisitions and investment in new businesses — — — —
Slide 87: Europe - Other
HSBC Europe - Other Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC Europe - Other - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new busine
Slide 88: Europe - Other
HSBC Europe - Other Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC Europe - Other - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new business
Slide 89: Europe - Other
HSBC Europe - Other HSBC Europe - Other - Wealth and Personal Banking Revenue 3 15 20 35 ECL — — — 1 Operating expenses (5) (16) (17) (31) Share of profit in associates and joint ventures — — — — Revenue significant items — 2 — — Operating expense significant items (1) (4) 2 (2) Share of profit in a
Slide 90: Europe - Other
HSBC Europe - Other HSBC Europe - Other - Corporate Centre Revenue 8 29 24 24 ECL (2) (2) (1) 2 Operating expenses (1) (11) (10) — Share of profit in associates and joint ventures (1) (2) 1 1 Revenue significant items 1 9 — — Operating expense significant items 3 (2) (5) (3) Share of profit in assoc
Slide 91: Asia
HSBC Asia Asia - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 3,110 3,157 3,237 3,262 3,691 14,318 Net fee income 1,439 1,677 1,304 1,423 1,259 5,418 Other operating income/(expense) 1,933 1,940 1,477 1,639 2,071 7,186
Slide 92: Asia
HSBC Asia Asia - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 2,980 2,928 2,777 2,946 3,194 12,036 of which: net intere
Slide 93: Asia
HSBC Asia Asia - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,364 1,428 1,324 1,361 1,537 6,047 of which: net interest income
Slide 94: Asia
HSBC Asia Asia - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 1,756 2,010 1,663 1,703 1,973 7,491 of which: net interest
Slide 95: Asia
HSBC Asia Asia - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 384 408 254 314 317 1,348 of which: net interest expense (86) (94) (
Slide 96: Asia
HSBC Asia SIGNIFICANT ITEMS Asia - TOTAL Quarter ended Year to date Revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financia
Slide 97: Asia
HSBC Asia Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Asia - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair val
Slide 98: Asia
HSBC Asia Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Asia - Corporate Centre Reported revenue significant items ($m) — — — — — — Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — —
Slide 99: Asia
HSBC Asia Asia - Wealth and Personal Banking Revenue (3) 10 29 50 ECL — 1 1 (7) Operating expenses 3 (10) (25) (42) Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Share of profit in associates and joint ventures
Slide 100: Asia
HSBC Asia Asia - Corporate Centre Revenue (2) 2 7 12 ECL 2 2 — (1) Operating expenses — (4) (9) (8) Share of profit in associates and joint ventures 3 12 25 56 Revenue significant items — 1 — — Operating expense significant items (1) (3) — 2 Share of profit in associates and joint ventures significa
Slide 101: Hong Kong
HSBC Hong Kong Hong Kong - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 1,794 1,828 1,908 1,962 2,365 9,006 Net fee income 971 1,139 900 998 858 3,724 Other operating income 904 1,025 672 830 1,111 3,615 Net operating
Slide 102: Hong Kong
HSBC Hong Kong Hong Kong - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 2,139 2,088 1,995 2,150 2,439 8,961 of which: n
Slide 103: Hong Kong
HSBC Hong Kong Hong Kong - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 729 803 747 798 923 3,635 of which: net interest income
Slide 104: Hong Kong
HSBC Hong Kong Hong Kong - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 756 918 691 742 915 3,382 of which: net interest
Slide 105: Hong Kong
HSBC Hong Kong Hong Kong - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 44 183 46 100 57 366 of which: net interest expense (62) (
Slide 106: Hong Kong
HSBC Hong Kong SIGNIFICANT ITEMS Hong Kong - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value mo
Slide 107: Hong Kong
HSBC Hong Kong Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Hong Kong - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — —
Slide 108: Hong Kong
HSBC Hong Kong Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Hong Kong - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — —
Slide 109: Hong Kong
HSBC Hong Kong Hong Kong - Wealth and Personal Banking Revenue (2) (3) (5) (4) ECL — — — — Operating expenses 1 2 2 2 Share of profit in associates and joint ventures 1 1 — — Revenue significant items — — — — Operating expense significant items 1 1 — — Share of profit in associates and joint venture
Slide 110: Hong Kong
HSBC Hong Kong Hong Kong - Corporate Centre Revenue 1 1 — — ECL — — — — Operating expenses (1) — (1) 1 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items (1) — — 1 Share of profit in associates and joint ventures significant
Slide 111: Mainland China
HSBC Mainland China Mainland China - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 414 401 395 366 397 1,556 Net fee income 108 125 77 88 82 337 Other operating income 389 354 299 287 327 1,195 Net operating income befo
Slide 112: Mainland China
HSBC Mainland China Mainland China - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 219 216 197 209 196 765 of which: net
Slide 113: Mainland China
HSBC Mainland China Mainland China - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 197 192 171 172 212 758 of which: net interest
Slide 114: Mainland China
HSBC Mainland China Mainland China - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 266 273 245 223 224 918 of which: net
Slide 115: Mainland China
HSBC Mainland China Mainland China - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 226 200 158 137 174 647 of which: net interest e
Slide 116: Mainland China
HSBC Mainland China SIGNIFICANT ITEMS Mainland China - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fai
Slide 117: Mainland China
HSBC Mainland China Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Mainland China - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses
Slide 118: Mainland China
HSBC Mainland China Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Mainland China - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses —
Slide 119: Mainland China
HSBC Mainland China Mainland China - Wealth and Personal Banking Revenue 1 6 15 19 ECL — — 1 (2) Operating expenses (2) (7) (13) (16) Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Share of profit in associates a
Slide 120: Mainland China
HSBC Mainland China Mainland China - Corporate Centre Revenue 2 6 10 15 ECL (1) (1) — 1 Operating expenses (1) (6) (12) (14) Share of profit in associates and joint ventures 2 12 25 56 Revenue significant items — 1 — — Operating expense significant items 1 1 — — Share of profit in associates and joi
Slide 121: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 320 330 336 352 383 1,465 Net fee income 185 187 179 169 171 695 Other operating income 115 115 111 102 135
Slide 122: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 197 206 2
Slide 123: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 153 145 134 141 15
Slide 124: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 262 270 27
Slide 125: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 5 9 9 6 3 19 of whic
Slide 126: Middle East and North Africa
HSBC Middle East and North Africa SIGNIFICANT ITEMS Middle East and North Africa - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in ne
Slide 127: Middle East and North Africa
HSBC Middle East and North Africa Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Middle East and North Africa - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and i
Slide 128: Middle East and North Africa
HSBC Middle East and North Africa Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Middle East and North Africa - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and inv
Slide 129: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa - Wealth and Personal Banking Revenue (2) (1) (3) (4) ECL — — (1) 1 Operating expenses 3 1 6 5 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — (1) 2 — Share
Slide 130: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa - Corporate Centre Revenue — 1 — — ECL — — — — Operating expenses — 1 — (1) Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items 1 1 — — Share of profit in associa
Slide 131: North America
HSBC North America North America - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 729 704 701 652 706 2,836 Net fee income 501 509 444 441 458 1,795 Other operating income 272 336 343 389 537 1,744 Net operating income b
Slide 132: North America
HSBC North America North America - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 483 495 482 486 460 1,929 of which: net
Slide 133: North America
HSBC North America North America - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 473 446 446 443 433 1,803 of which: net interest
Slide 134: North America
HSBC North America North America - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 461 563 497 498 708 2,432 of which: net
Slide 135: North America
HSBC North America North America - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 85 45 64 55 100 212 of which: net interest expense
Slide 136: North America
HSBC North America SIGNIFICANT ITEMS North America - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — (2) — (1) (10
Slide 137: North America
HSBC North America Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — North America - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses —
Slide 138: North America
HSBC North America Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — North America - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — —
Slide 139: North America
HSBC North America North America - Wealth and Personal Banking Revenue 7 12 12 16 ECL (1) (1) — — Operating expenses (4) (8) (11) (14) Share of profit in associates and joint ventures — — — — Revenue significant items 1 1 — — Operating expense significant items (1) (1) 1 — Share of profit in associa
Slide 140: North America
HSBC North America North America - Corporate Centre Revenue (2) (2) — 3 ECL 1 1 — (1) Operating expenses — (1) (2) (2) Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items 2 — (1) (1) Share of profit in associates and joint ve
Slide 141: US
HSBC US US - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 464 461 472 453 502 1,922 Net fee income 329 343 292 300 319 1,218 Other operating income 191 260 273 308 445 1,450 Net operating income before change in expect
Slide 142: US
HSBC US HSBC US - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 278 298 295 309 295 1,210 of which: net interest income
Slide 143: US
HSBC US HSBC US - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 253 244 255 260 246 1,022 of which: net interest income 183 179 1
Slide 144: US
HSBC US HSBC US - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 384 486 430 433 623 2,149 of which: net interest income 7
Slide 145: US
HSBC US HSBC US - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 66 33 55 58 102 206 of which: net interest expense 2 (9) (16) (22)
Slide 146: US
HSBC US SIGNIFICANT ITEMS HSBC US - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — (1) (1) (1) (10) Fair value mo
Slide 147: US
HSBC US Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC US - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair va
Slide 148: US
HSBC US Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — HSBC US - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses (1) (1) (1) — — (1) F
Slide 149: US
HSBC US HSBC US - Wealth and Personal Banking Revenue 2 2 — — ECL — — — — Operating expenses (1) (1) — — Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items (1) (1) — — Share of profit in associates and joint ventures signifi
Slide 150: US
HSBC US HSBC US - Corporate Centre Revenue (1) (1) — 1 ECL — — — — Operating expenses — — — 1 Share of profit in associates and joint ventures — — — — Revenue significant items 2 2 — — Operating expense significant items (1) — — — Share of profit in associates and joint ventures significant items —
Slide 151: Latin America
HSBC Latin America Latin America - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 524 486 513 484 450 1,960 Net fee income 126 128 116 121 104 467 1 Other operating income 123 98 68 141 160 593 Net operating income befor
Slide 152: Latin America
HSBC Latin America Latin America - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 483 431 426 450 420 1,796 of which: net
Slide 153: Latin America
HSBC Latin America Latin America - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 152 142 148 149 145 606 of which: net interest i
Slide 154: Latin America
HSBC Latin America Latin America - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 133 112 143 140 151 589 of which: net in
Slide 155: Latin America
HSBC Latin America Latin America - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 4 28 (20) 7 (2) 29 of which: net interest expense
Slide 156: Latin America
HSBC Latin America SIGNIFICANT ITEMS Latin America - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair
Slide 157: Latin America
HSBC Latin America Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Latin America - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses —
Slide 158: Latin America
HSBC Latin America Latin America - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — (1) (1) — — — Restructuring and other related costs
Slide 159: Latin America
HSBC Latin America Latin America - Commercial Banking Revenue (1) (6) (3) (2) ECL — (2) (4) (9) Operating expenses 1 4 1 — Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Share of profit in associates and joint ve
Slide 160: Mexico
HSBC Mexico Mexico - TOTAL Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net interest income 376 364 357 341 313 1,387 Net fee income 98 102 99 93 87 381 Other operating income 119 90 100 105 101 466 Net operating income before change in expecte
Slide 161: Mexico
HSBC Mexico Mexico - Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 416 364 378 373 342 1,522 of which: net interest inco
Slide 162: Mexico
HSBC Mexico Mexico - Commercial Banking Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 99 98 96 92 85 374 of which: net interest income 79 73 76 73 7
Slide 163: Mexico
HSBC Mexico Mexico - Global Banking and Markets Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 73 76 82 77 75 296 of which: net interest income 55 68
Slide 164: Mexico
HSBC Mexico Mexico - Corporate Centre Quarter ended Year to date Reported ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Net operating income before change in expected credit losses and other credit impairment charges 5 18 — (3) — 43 of which: net interest expense (42) (50) (45) (4
Slide 165: Mexico
HSBC Mexico SIGNIFICANT ITEMS Mexico - TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30-Jun-21 31-Mar-21 31-Dec-20 30-Sep-20 30-Jun-20 31-Dec-20 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movement
Slide 166: Mexico
HSBC Mexico Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Mexico - Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair
Slide 167: Mexico
HSBC Mexico Share of profit in associates and joint ventures significant items ($m) Impairment of goodwill — — — — — — Mexico - Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair v
Slide 168: Mexico
HSBC Mexico Mexico - Wealth and Personal Banking Revenue 6 10 39 57 ECL — (4) (17) (33) Operating expenses (6) (8) (23) (35) Share of profit in associates and joint ventures (1) (1) — — Revenue significant items — — — — Operating expense significant items — — — (1) Share of profit in associates and
Slide 169: Mexico
HSBC Mexico Mexico - Corporate Centre Revenue 1 1 — — ECL 1 1 (1) — Operating expenses 1 — (1) (2) Share of profit in associates and joint ventures — — — — Revenue significant items 1 1 — — Operating expense significant items (2) (2) — — Share of profit in associates and joint ventures significant i
Slide 170: 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 2021 1 Gross carrying/nominal amount Allowance for ECL ECL coverage % 2 2 2 Stage 1 Stage 2 Stage 3 POCI Total Stage 1 Stage 2 Stage 3 POCI Tota
Slide 171: Credit risk
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 378,700 128,212 13,073 216
Slide 172: 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