HSBC Holdings PLC · LSE:HSBA
HSBC — H1 2020 Earnings Presentation
158 slides from HSBC's earnings presentation, Aug 3, 2020
Slide 1: HSBC Holdings plc 2020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。 2020 年 8 月 3 日 (香港股份代號 : 5) HSBC Holdings plc 滙豐控股有限公司 2020 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、史美倫 †、卡斯特 †、 傅偉思†
Slide 2: 2020年中期業績摘要
2020年8月3日 HSBC Holdings plc 滙豐控股有限公司 2020年中期業績摘要 集團行政總裁祈耀年表示： 「集團上半年的業績受到新冠病毒疫情、利率下跌、地緣政治風險以及市場波動加劇影響。儘管如此，亞洲業務的表現仍然硬朗，與去年上半年相比， 環球資本市場業務更錄得強勁增長。為應對新冠病毒疫情，我們一度暫停部分轉型行動，但現時將加快實施2月份公布的計劃。我們亦正研究在新的經 濟環境下需要採取何種額外措施，令滙豐的業務更加穩健、更可持續。」 「目前中美兩國之間的緊張局勢，勢必令滙豐這類業務網絡龐大的機構挑戰重重。我們將以客戶的長遠需求及投資者的最佳利益為先，應對各種政治 挑戰。」
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 2020年 2019年 2019年 註釋 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） 26,745 29,372 26,726 列賬基準除稅前利潤（百萬美元） 4,318 12,407 940 列賬基準除稅後利潤（百萬美元） 3,125 9,937 (1,229) 母公司普通股股東應佔利潤（百萬美元） 1,977 8,507 (2,538) 成本效益比率 (%) 61.8 58.4 94.3 每股基本盈利（美元） 0.10 0.42 (0.13) 每股攤薄後盈利（美元） 0.10 0.42 (0.13) 平均普通股股東權益
Slide 4: 摘要
摘要 截至下列日期止半年 2020年 2019年 6月30日 6月30日 註釋 百萬美元 百萬美元 列賬基準 收入 1 26,745 29,372 預期信貸損失及其他信貸減值準備變動 (6,858) (1,140) 營業支出 (16,527) (17,149) 除稅前利潤 4,318 12,407 經調整 2 收入 1 26,477 27,815 預期信貸損失及其他信貸減值準備變動 (6,858) (1,088) 營業支出 (14,942) (15,739) 除稅前利潤 5,635 12,273 影響經調整業績之重大項目 收入 客戶賠償計劃 26 — 出售、收購及於新業務之投資 (8) 827
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 2020年首六個月是當代人記憶中最困難的時期之一。受新型冠狀病毒疫情影響，全球經濟大都顯著放緩，部分行業幾乎陷於停頓。 對滙豐而言，這有兩方面的含義。首先，與環球經濟的其他部分一樣，我們的財務表現也必然受到影響。第二，衡量集團表現的真正指標，在於我們 能否成功在疫情當中支持客戶、同事及社群，為未來的復甦奠定基礎。 新冠病毒疫情 每當困難時期，滙豐總以支援社群、穩定社會及推動經濟增長為己任。新冠病毒疫情爆發以來，滙豐員工在相關工作的表現令我感到無比自豪。 我們的應對方針圍繞三個主題：確保能繼續為倚賴滙豐的各界人士提供無間斷的服務、為個人和企業客戶提供跨越危機的財務支援，
Slide 6: 面向未來
上半年的貸款減少180億美元。客戶早前於第一季取用新增和既有信貸額度，以應對新冠病毒疫情，但其後局勢改變，又於第二季開始償還款項。上半 年的存款增加930億美元，原因是客戶在社區封閉期間增加現金儲備並減少開支。 我們大力控制開支之餘，亦持續為未來業務作出投資。今年首六個月投入科技發展的支出達到28億美元。 集團資產負債表保持穩健，普通股權一級比率達到15%，並擁有雄厚的流動資金和資金。 面向未來 展望下半年，集團業績將繼續受到新冠病毒疫情的發展和隨之而來的經濟衝擊所影響。地緣政局不明朗亦可能對客戶帶來沉重壓力，尤其是中美及中 英關係緊張和未來英國與歐盟貿易關係影響所及的客戶。 在當前的不明朗局
Slide 7: 財務概要
財務概要 截至下列日期止半年 2020年 2019年 2019年 6月30日 6月30日 12月31日 註釋 百萬美元 百萬美元 百萬美元 本期 除稅前利潤 4,318 12,407 940 應佔利潤： – 母公司普通股股東 1,977 8,507 (2,538) 普通股股息 — 4,206 6,063 於期末 股東權益總額 187,036 192,676 183,955 監管規定資本總額 177,242 176,610 172,150 客戶賬項 1,532,380 1,380,124 1,439,115 資產總值 2,922,798 2,751,273 2,715,152 風險加權資產 85
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2020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 註釋 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淨額 1 11,251 7,000 8,178 48 26,477 – 外來 9,684 7,431 10,105 (743) 26,477 – 項目之間 1,567 (431) (1,927) 791 — 其中：淨利息收益／（支出） 8,032 4,883 2,372 (804) 14,483 預期信貸損失及其他信貸減值準備變動 (2,202) (3
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2019年12月31日止半年3 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 註釋 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 12,492 7,379 7,113 (352) 26,632 – 外來 10,320 7,871 9,886 (1,445) 26,632 – 項目之間 2,172 (492) (2,773) 1,093 — 其中：淨利息收益／（支出） 8,769 5,409 2,533 (1,495) 15,216 預期信貸損失及其他
Slide 10: 綜合收益表
綜合收益表 截至下列日期止半年 2020年 2019年 2019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 14,509 15,240 15,222 – 利息收益 23,000 27,750 26,945 – 利息支出 (8,491) (12,510) (11,723) 費用收益淨額 5,926 6,124 5,899 – 費用收益 7,480 7,804 7,635 – 費用支出 (1,554) (1,680) (1,736) 持作交易用途或按公允值予以管理之金融工具淨收益 5,768 5,331 4,900 按公允值計入損益賬之保險業務資產和負債（包
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 2020年 2019年 2019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／（虧損） 3,125 9,937 (1,229) 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 1,747 1,015 137 – 公允值增益／（虧損） 2,654 2,141 (348) – 出售後撥入收益表之公允值（增益）／虧損 (454) (794) 429 – 於收益表中確認之預期信貸收回／（損失） 109 (5) 114 – 所得稅 (562) (327) (58) 現金流對沖 4
Slide 12: 綜合資產負債表
綜合資產負債表 於下列日期 2020年 2019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 249,673 154,099 向其他銀行託收中之項目 6,289 4,956 香港政府負債證明書 39,519 38,380 交易用途資產 208,964 254,271 指定及其他強制性按公允值計入損益賬之金融資產 41,785 43,627 衍生工具 313,781 242,995 同業貸款 77,015 69,203 客戶貸款 1,018,681 1,036,743 反向回購協議 – 非交易用途 226,345 240,862 金融投資 494,109 443
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 2020年 2019年 2019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 4,318 12,407 940 非現金項目調整： 折舊、攤銷及減值 3,095 1,522 8,997 投資活動增益淨額 (405) (352) (47) 應佔聯營及合資公司利潤 (958) (1,324) (1,030) 出售附屬公司、業務、聯營公司及合資公司之利潤 — (828) (101) 未減收回額及其他信貸減值準備之預期信貸損失變動 6,875 1,347 1,665 準備（包括退休金） 277 1,012 1,411 以股份為基礎
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 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 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1月1日 24,278 20,871 136,679 (108) (2) (25,133) 27,370 183,955 8,713 192,668 本期利潤 — — 2,639 — — — — 2,639 486 3,125 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 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 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2019年7月1日 24,279 22,367 142,593 (330) 31 (26,041) 29,777 192,676 8,198 200,874 本期利潤 — — (1,833) — — — — (1,833) 604 (1,229) 其他全面收益（除稅
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金融業操守監管局的《披露指引及透明度規則》，以及由國際會計準則委員會（「IASB」）頒布及歐盟正式通過 之IAS 34「中期財務報告」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2019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《2019年報及賬目》－併閱讀。 於2020年6月30日，並無任何於截至2020年6月30日止半年內生效而未經正式通過之準則對本期財務報表構成影響。就適用於滙豐之IFRS而言，經歐 盟正式通過之IFRS與IASB所頒布之I
Slide 17: 已付予滙豐控股有限公司股東之股息
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 2020年6月30日 2019年6月30日 2019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 — — — 0.21 4,206 1,160 — — — 本年度： – 第一次股息1 — — — — — — 0.10 2,013 375 – 第二次股息 — — — — — — 0.10 2,021 795 – 第三次股息 — — — — — — 0.10 2,029 357 總計 —
Slide 18: 經調整資產負債表對賬
4 經調整資產負債表對賬 於下列日期 2020年6月30日 2019年12月31日 列賬基準及 經調整 經調整 貨幣換算 列賬基準 百萬美元 百萬美元 百萬美元 百萬美元 客戶貸款（淨額） 1,018,681 1,006,661 30,082 1,036,743 於聯營及合資公司之權益 24,800 24,231 243 24,474 外部資產總值 2,922,798 2,638,494 76,658 2,715,152 客戶賬項 1,532,380 1,399,656 39,459 1,439,115 5 列賬基準與經調整項目之對賬 截至下列日期止半年 2020年 2019年 2019年 6
Slide 19: 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 2020年 2019年 6月30日 12月31日 註釋 百萬美元 百萬美元 擔保及或有負債： – 金融擔保 18,328 20,214 – 履約及其他擔保 73,078 75,933 – 其他或有負債 1,094 1,576 於期末 92,500 97,723 承諾： 1 – 跟單信用證及短期貿易交易 6,201 6,316 – 遠期資產購置及遠期存款 91,849 56,326 – 備用信貸、信貸額及其他貸款承諾 740,023 734,966 於期末 838,073 797,608 1 包括於2020年6月30日已應用IFRS 9減值規定的承諾6,
Slide 20: 法律訴訟及監管事宜
於開曼群島提出的訴訟：2013年2月，Primeo Fund（「Primeo」，自2009年4月起清盤）對HSBC Securities Services Luxembourg（「HSSL」）及 Bank of Bermuda (Cayman) Limited（現名為HSBC Cayman Limited）提出訴訟，指稱被告人違約及違反受信責任，並申索損害賠償及衡平法補償。 有關審訊於2017年2月結束，法院已於2017年8月撤銷對被告人的所有申索。2017年9月，Primeo向開曼群島上訴法院提出上訴，而於2019年6月，開 曼群島上訴法院撤銷Primeo的上訴。2019年8月，Primeo
Slide 21: 法律訴訟及監管事宜（續）
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。 倫敦銀行同業拆息、歐洲銀行同業拆息及其他基準利率調查及訴訟 歐元利率衍生工具：2016年12月，歐盟委員會頒布決定，指滙豐和其他銀行於2007年初就歐元利率衍生工具的訂價作出反競爭行為。歐盟委員會以違 規期為1個月作基準判處滙豐罰款。滙豐已就該項裁決提出上訴，而2019年9月，歐洲聯盟普通法院（「普通法院」）大致維持歐盟委員會有關法律責 任的決定，但裁定罰款無效。滙豐及歐盟委員會均已就普通法院的裁決向歐洲法院提出上訴。 美元倫敦銀行同業拆息：自2011年起，在美
Slide 22: 法律訴訟及監管事宜（續）
2015年，一宗代表外匯產品零售客戶提出的推定集體訴訟申訴在美國加州北區聯邦地區法院提出類似指控。其後，該案件轉交紐約地區法院，並繼續 等待審理。2017年，代表外匯產品聲稱間接買方提出的推定集體訴訟申訴在紐約提出類似指控。其後，該等訴訟由紐約地區法院合併審理。2020年4月， 滙豐與原告人達成協議，以解決間接買方訴訟。該和解仍須經法院最終審批。 2018年9月，兩項集體訴訟核證呈請在以色列提出，將滙豐旗下多家公司及其他銀行列為被告人，並指稱被告人作出外匯相關不當行為。2019年7月， 特拉維夫法院允許各原告人合併申索，而原告人於2019年9月提出一項合併集體訴訟核證呈請。 2018年11及1
Slide 23: 其他監管調查及資本結構
其他監管調查、審查及訴訟 因有關公司業務及營運的多種事宜，滙豐控股及／或其若干聯屬公司涉及多個監管機構及保障公平競爭與執法機關的多項其他調查、審查及訴訟，包 括： 阿根廷、印度及其他地方多個稅務管理、監管及執法機關就指稱的逃稅或稅務詐騙、洗錢和非法跨境招攬銀行業務展開調查； 美國商品期貨交易委員會就與債券發行相關的利率掉期交易展開調查； 瑞士競爭委員會就歐洲銀行同業拆息及日圓倫敦銀行同業拆息之訂價展開調查； 金融業操守監管局就英國的收回貸款業務展開調查； 英國競爭及市場管理局要求就金融服務業提供資料； 就墨西哥政府債券市場、美國政府資助企業債券市場及美元計值之超國家金融
Slide 24: 槓桿比率及法定賬目
槓桿比率 於下列日期 2020年 2019年 6月30日 12月31日 參考* 十億美元 十億美元 20 一級資本 149.4 144.8 21 槓桿比率風險總額 2,801.4 2,726.5 % % 22 槓桿比率 5.3 5.3 EU-23 就資本計量定義的過渡性安排的選擇 已全面實行 已全面實行 英國槓桿比率風險總額－季度均值1 2,565.8 2,535.4 % % 英國槓桿比率－季度均值 5.7 5.8 英國槓桿比率－季末 5.9 5.7 * 參考索引為歐洲銀行管理局範本對應項目的編號。 1 此處及以下的英國槓桿比率表示集團的槓桿比率乃根據審慎監管局的英國槓桿架構計算。 除另有說明
Slide 25: 有關前瞻性陳述之提示聲明
經具體查詢後，除《2020年中期業績報告》第121頁所披露者外，全體董事確認本期內已遵守有關買賣集團證券的責任。 《2019年報及賬目》內就僱員薪酬、薪酬政策、花紅及優先認股計劃及培訓計劃披露的資料均無重大改變。有關僱員數目的資料詳載於 《2020年中期 業績報告》第29頁。 於本公布發表之日，滙豐控股有限公司的董事包括： 杜嘉祺*、史美倫†、卡斯特†、傅偉思†、古肇華†、利蘊蓮†、麥浩智†、苗凱婷†、梅愛苓†、聶德偉†、祈耀年、邵偉信、戴國良†及梅爾莫†。 * 集團非執行主席 † 獨立非執行董事 14 《2020年中期業績報告》 《2020年中期業績報告》將於2020年8月26日或前後提供予
Slide 26: 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 27: HSBC Holdings plc Data Pack 2Q 2020
HSBC HOLDINGS PLC Data Pack 2Q 2020 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 2019. The financial information does not constitute financial st
Slide 28: 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 29: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 6,897 7,612 7,654 7,568 7,772 30,462 Net fee income 2,803 3,123 2,938 2,961 3,098 12,023 Other operating income 3,359 2,951 2,779 2,826 4,074 1
Slide 30: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Quarter ended Year to date Earnings metrics 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Return on equity (annualised) 0.5% 4.4% (13.3)% 7.0% 10.5% 3.6% Return on tangible equity (annualised) 3.5% 4.2% 5.2% 6.4% 11.7% 8.4% Earnings per share ($) 0.0
Slide 31: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Balance sheet date Balance sheet date Assets ‐ reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Cash and balances at central banks 249,673 187,386 154,099 151,184 171,090 154,099 Items in the course of collection from other banks 6,289 4,6
Slide 32: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Equity ‐‐ reported ($m) Called up share capital 10,346 10,345 10,319 10,292 10,281 10,319 Share premium account 14,268 14,263 13,959 13,931 13,998 13,959 Other equity instruments 20,914 20,914 20,871 22,367 22,367 20,871 Other reserves (301) (2,250) 2,128 (151) 3,
Slide 33: 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 ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Loans and advances to customers (net) 1,018,681 1,047,629 1,006,661 1,018,978 1,002,980 1,036
Slide 34: HSBC Holdings plc consolidated
HSBC HSBC Holdings plc consolidated Balance sheet metrics NAV / share ($) at the end of the period $8.17 $8.30 $8.00 $8.21 $8.35 $8.00 TNAV / share ($) at the end of the period $7.34 $7.44 $7.13 $7.02 $7.19 $7.13 Ordinary $0.50 shares Basic number of ordinary shares in issue (m) 20,162 20,172 20,206
Slide 35: Net Interest Margin
HSBC HSBC Holdings plc Net Interest Margin Quarter to date Year to date 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Average balances during period ($m) Short‐term funds and loans and advances to banks 286,614 224,505 216,741 200,141 217,418 212,920 Loans and advances to customers 1,0
Slide 36: Wealth and Personal Banking
HSBC Wealth and Personal Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 3,689 4,368 4,392 4,315 4,467 17,423 Net fee income 1,224 1,467 1,351 1,414 1,485 5,635 Other operating income/(expense) 743 (221) 571 355 632 2,4
Slide 37: Wealth and Personal Banking
HSBC Wealth and Personal Banking Quarter ended Year to date Management View of Adjusted Revenue ‐ at originally reported average FX rates ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Retail Banking 3,063 3,831 3,989 3,981 4,002 15,840 Net interest income 2,818 3,482 3,570 3,571 3
Slide 38: Wealth and Personal Banking
HSBC Wealth and Personal Banking Reported revenue significant items ($m) Customer redress programmes 26 — (47) (108) — (155) Disposals, acquisitions and investment in new businesses — (7) (48) (4) — (52) Fair value movement on financial instruments — — — — (3) (7) Restructuring and other related cos
Slide 39: Commercial Banking
HSBC Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 2,287 2,596 2,722 2,735 2,815 11,050 Net fee income 734 896 790 827 880 3,390 Other operating income 246 241 168 202 190 816 Net operating income before ch
Slide 40: Commercial Banking
HSBC Commercial Banking Quarter ended Year to date Management View of Adjusted Revenue ‐ at originally reported average FX rates ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 2 Global Trade and Receivables Finance 423 469 432 464 470 1,833 Credit and Lending 1,359 1,382 1,328 1,36
Slide 41: Commercial Banking
HSBC Commercial Banking Reported Balance sheet data ‐ significant items‐ Totals ($m) Risk‐weighted assets ‐ disposals — — — — — — Reconciling items Currency translation on reported items ‐ Totals ($m) Revenue (71) (88) (53) (107) ECL 29 9 16 12 Operating expenses 35 65 25 52 Share of profit in assoc
Slide 42: Global Banking and Markets
HSBC Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 1,123 1,249 1,291 1,284 1,376 5,317 Net fee income 843 765 812 738 736 3,039 Other operating income 2,274 1,931 1,568 1,505 1,540 6,538 Net operati
Slide 43: Global Banking and Markets
HSBC Global Banking and Markets Quarter ended Year to date Management View of Adjusted Revenue ‐ at originally reported average FX rates ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Global Markets 2,139 2,133 1,247 1,352 1,423 5,763 ‐ FICC 2,069 1,844 1,073 1,145 1,189 4,770 ‐ Fo
Slide 44: Global Banking and Markets
HSBC Global Banking and Markets Reported Revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movement on financial instruments (121) 186 (44) 37 (17) (84) Restructuring and other related costs (58) — —
Slide 45: Corporate Centre
HSBC Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income (202) (601) (751) (766) (886) (3,328) Net fee income 2 (5) (15) (18) (3) (41) Other operating income 96 1,000 472 764 1,712 3,765 Net operating income before
Slide 46: Corporate Centre
HSBC Corporate Centre Quarter ended Year to date Management View of Adjusted Revenue ‐ at originally reported average FX rates ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Central Treasury (64) 265 (51) 90 87 169 Legacy Credit 43 (91) 13 (40) (13) (111) Other (145) 40 (117) (242)
Slide 47: Corporate Centre
HSBC Corporate Centre Reported Balance sheet data ‐ significant items‐ Totals ($m) Risk‐weighted assets ‐ disposals — — — (814) (814) — Reconciling items Currency translation on reported items ‐ Totals ($m) Revenue (4) (6) (8) (24) ECL — (1) 1 (1) Operating expenses — (3) 6 24 Share of profit in ass
Slide 48: Europe
HSBC Europe Europe ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 1,337 1,446 1,349 942 1,785 5,601 Net fee income 811 936 923 876 958 3,668 Other operating income 2,408 2,038 2,301 2,411 1,906 8,787 Net operating inco
Slide 49: Europe
HSBC Europe Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 378,729 385,717 373,290 379,736 373,156 393,849 Customer accounts 562,505 531,130 499,761 499,534 490,335 528,718 Europe ‐ Wealth and Personal Banking Quarter ended Year to date Rep
Slide 50: Europe
HSBC Europe Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 189,581 189,421 189,896 185,682 182,529 200,670 Customer accounts 251,921 241,837 237,262 233,500 231,874 251,243 Europe ‐ Commercial Banking Quarter ended Year to date Reported ($m
Slide 51: Europe
HSBC Europe Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 119,628 119,613 114,996 118,638 117,794 121,280 Customer accounts 169,771 154,971 141,753 135,869 133,877 149,854 Europe ‐ Global Banking and Markets Quarter ended Year to date Repo
Slide 52: Europe
HSBC Europe Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 68,652 75,808 67,509 74,453 71,810 70,962 Customer accounts 140,202 133,731 120,090 129,528 124,143 126,930 Europe ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun
Slide 53: Europe
HSBC Europe Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 868 875 889 963 1,023 937 Customer accounts 611 591 656 637 441 691 SIGNIFICANT ITEMS Europe ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐
Slide 54: Europe
HSBC Europe Europe ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — 2 (9) — (7) Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — (1) Restructuring and other related costs — — — — —
Slide 55: Europe
HSBC Europe Europe ‐ Corporate Centre Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments 66 160 (133) 173 53 181 Restructuring and other related costs — — —
Slide 56: Europe
HSBC Europe Europe ‐ Commercial Banking Revenue (31) (44) 2 (42) ECL 4 — 2 4 Operating expenses 17 40 (2) 18 Share of profit in associates and joint ventures — — — — Revenue significant items — (2) — — Operating expense significant items — 17 — 1 Loans and advances to customers (net) (55) (6,284) 79
Slide 57: HSBC UK
HSBC HSBC UK UK ring‐fenced bank HSBC UK ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 1,369 1,534 1,510 1,405 1,564 6,067 Net fee income 278 391 383 386 444 1,568 Other operating income 106 207 169 136 158 639 Net op
Slide 58: HSBC UK
HSBC HSBC UK UK ring‐fenced bank Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 228,617 228,146 225,726 224,858 222,062 242,018 Customer accounts 297,598 273,491 266,613 262,275 256,560 285,855 HSBC UK ‐ Wealth and Personal Banking Quarter
Slide 59: HSBC UK
HSBC HSBC UK UK ring‐fenced bank HSBC UK ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 771 874 865 830 920 3,515 of which: net
Slide 60: HSBC UK
HSBC HSBC UK UK ring‐fenced bank HSBC UK ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 42 52 57 51 54 224 of which: net
Slide 61: HSBC UK
HSBC HSBC UK UK ring‐fenced bank HSBC UK ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges (5) 1 (10) (5) (6) (20) of which: net inte
Slide 62: HSBC UK
HSBC HSBC UK UK ring‐fenced bank SIGNIFICANT ITEMS HSBC UK ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes 26 — (42) (118) — (160) Disposals, acquisitions and investment in new business
Slide 63: HSBC UK
HSBC HSBC UK UK ring‐fenced bank HSBC UK ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — 3 (9) — (6) Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other rel
Slide 64: HSBC UK
HSBC HSBC UK UK ring‐fenced bank Reported cost significant items ($m) Costs of structural reform — — — — — (1) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — — — — Past service costs of g
Slide 65: HSBC UK
HSBC HSBC UK UK ring‐fenced bank HSBC UK ‐ Commercial Banking Revenue (25) (29) 7 (30) ECL 5 — (1) 3 Operating expenses 11 12 (3) 13 Share of profit in associates and joint ventures — — — — Revenue significant items — 1 — — Operating expense significant items — (1) — — Loans and advances to customer
Slide 66: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 606 548 501 521 497 1,888 Net fee income 438 440 444 396 413 1,718 Other operating income 1,176 418 1,150 659 1,117 4,127 Net
Slide 67: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 141,397 148,713 138,371 146,201 142,331 142,776 Customer accounts 250,312 243,602 219,544 225,771 221,946 229,360 HSBC Bank ‐ Wealth and Personal Banking Qua
Slide 68: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 375 353 378 372 394 1,547 of which:
Slide 69: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 1,452 1,014 1,200 1,006 1,1
Slide 70: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges (55) (41) (55) (85) (38) (337) of whi
Slide 71: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank SIGNIFICANT ITEMS HSBC Bank ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — (1) — — (1) Disposals, acquisitions and investment in new businesses
Slide 72: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — (1) Restructuring and other
Slide 73: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank Reported cost significant items ($m) Costs of structural reform — — (11) (11) (16) (70) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles (132) — — — — — Past s
Slide 74: HSBC Bank
HSBC HSBC Bank Non ring‐fenced bank HSBC Bank ‐ Commercial Banking Revenue (3) (7) (4) (12) ECL 1 — 3 2 Operating expenses 2 21 3 5 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — 18 — — Loans and advances to customers
Slide 75: Europe - Other
HSBC Europe ‐ Other Europe ‐ Other ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income/(expense) (638) (636) (663) (983) (276) (2,355) Net fee income 95 105 96 94 101 382 Other operating income 1,126 1,413 983 1,617 631 4,0
Slide 76: Europe - Other
HSBC Europe ‐ Other Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 8,715 8,858 9,193 8,677 8,763 9,055 Customer accounts 14,595 14,038 13,605 11,488 11,829 13,502 HSBC Europe ‐ Other ‐ Wealth and Personal Banking Quarter ended Year to date
Slide 77: Europe - Other
HSBC Europe ‐ Other HSBC Europe ‐ Other ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges (74) (60) 163 15 (102) (32) of which: net
Slide 78: Europe - Other
HSBC Europe ‐ Other HSBC Europe ‐ Other ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges (141) (158) (143) (165) (195) (67
Slide 79: Europe - Other
HSBC Europe ‐ Other HSBC Europe ‐ Other ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 570 877 (122) 493 481 1,287 of which: net i
Slide 80: Europe - Other
HSBC Europe ‐ Other SIGNIFICANT ITEMS HSBC Europe ‐ Other ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — —
Slide 81: Europe - Other
HSBC Europe ‐ Other HSBC Europe ‐ Other ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other related
Slide 82: Europe - Other
HSBC Europe ‐ Other Reported cost significant items ($m) Costs of structural reform — — (14) (14) (5) (33) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles (200) — — — — — Past service costs of g
Slide 83: Europe - Other
HSBC Europe ‐ Other HSBC Europe ‐ Other ‐ Commercial Banking Revenue (3) (5) — — ECL — — — — Operating expenses 3 5 (1) — Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advances to customers (net) — — —
Slide 84: Asia
HSBC Asia Asia ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 3,691 4,128 4,213 4,212 4,186 16,607 Net fee income 1,259 1,432 1,221 1,339 1,356 5,325 Other operating income/(expense) 2,071 1,999 1,813 2,163 2,097 8,487
Slide 85: Asia
HSBC Asia Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 474,739 487,428 475,153 481,791 471,895 477,727 Customer accounts 723,072 696,556 694,853 677,889 676,261 697,358 Asia ‐ Wealth and Personal Banking Quarter ended Year to date Reporte
Slide 86: Asia
HSBC Asia Asia ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 1,537 1,825 1,772 1,871 1,893 7,437 of which: net interest income
Slide 87: Asia
HSBC Asia Asia ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 1,973 2,152 1,767 1,935 1,799 7,422 of which: net interest
Slide 88: Asia
HSBC Asia Asia ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 317 463 316 351 401 1,451 of which: net interest expense (127) (377)
Slide 89: Asia
HSBC Asia SIGNIFICANT ITEMS Asia ‐ TOTAL Quarter ended Year to date Revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financia
Slide 90: Asia
HSBC Asia Asia ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — (1) (3) Restructuring and other related costs — — — — — — Rep
Slide 91: Asia
HSBC Asia Reported cost significant items ($m) Costs of structural reform — — (1) (2) — (4) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — — — — Past service costs of guaranteed minimum p
Slide 92: Asia
HSBC Asia Asia ‐ Commercial Banking Revenue (10) (5) (4) (11) ECL 14 1 — — Operating expenses 4 4 3 6 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — (1) Loans and advances to customers (net) 1,672 (808) 1,112 (668)
Slide 93: Hong Kong
HSBC Hong Kong Hong Kong ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 2,365 2,771 2,850 2,882 2,848 11,238 Net fee income 858 968 851 929 936 3,670 Other operating income 1,111 1,002 881 1,086 1,129 4,504 Net operati
Slide 94: Hong Kong
HSBC Hong Kong Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 308,798 312,540 308,496 311,347 306,730 306,963 Customer accounts 514,381 496,633 502,451 492,919 491,638 499,955 Hong Kong ‐ Wealth and Personal Banking Quarter ended Year to da
Slide 95: Hong Kong
HSBC Hong Kong Hong Kong ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 923 1,167 1,147 1,225 1,245 4,856 of which: net interest
Slide 96: Hong Kong
HSBC Hong Kong Hong Kong ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 915 1,034 815 880 794 3,400 of which: net intere
Slide 97: Hong Kong
HSBC Hong Kong Hong Kong ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 57 163 27 23 127 251 of which: net interest expense (112)
Slide 98: Hong Kong
HSBC Hong Kong SIGNIFICANT ITEMS Hong Kong ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value mo
Slide 99: Hong Kong
HSBC Hong Kong Hong Kong ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other related costs — — — — —
Slide 100: Hong Kong
HSBC Hong Kong Reported cost significant items ($m) Costs of structural reform — — — (2) — (3) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — — — — Past service costs of guaranteed minimu
Slide 101: Hong Kong
HSBC Hong Kong Hong Kong ‐ Commercial Banking Revenue 3 12 14 16 ECL — (1) (1) — Operating expenses (1) (4) (5) (3) Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advances to customers (net) 26 515 1,18
Slide 102: Mainland China
HSBC Mainland China Mainland China ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 397 398 395 406 422 1,649 Net fee income 82 90 58 70 82 309 Other operating income 327 282 261 313 288 1,143 Net operating income before
Slide 103: Mainland China
HSBC Mainland China Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 43,338 43,818 41,725 41,426 41,425 42,380 Customer accounts 47,557 45,578 47,576 43,534 44,098 48,323 Mainland China ‐ Wealth and Personal Banking Quarter ended Year to date
Slide 104: Mainland China
HSBC Mainland China Mainland China ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 212 203 186 197 201 797 of which: net interest
Slide 105: Mainland China
HSBC Mainland China Mainland China ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 224 226 226 253 212 923 of which: net
Slide 106: Mainland China
HSBC Mainland China Mainland China ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 174 178 141 180 201 677 of which: net interest e
Slide 107: Mainland China
HSBC Mainland China SIGNIFICANT ITEMS Mainland China ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fai
Slide 108: Mainland China
HSBC Mainland China Mainland China ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other related costs
Slide 109: Mainland China
HSBC Mainland China Reported cost significant items ($m) Costs of structural reform — — — — — — Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — — — — Past service costs of guaranteed minim
Slide 110: Mainland China
HSBC Mainland China Mainland China ‐ Commercial Banking Revenue (3) (1) (2) (7) ECL — 1 — 1 Operating expenses 2 — 1 3 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advances to customers (net) 35 (266)
Slide 111: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 383 394 432 452 460 1,781 Net fee income 171 176 193 165 167 685 Other operating income 135 120 138 87 914 1
Slide 112: Middle East and North Africa
HSBC Middle East and North Africa Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 29,615 29,499 28,158 27,605 28,133 28,556 Customer accounts 41,197 40,276 37,540 36,120 36,148 38,126 Middle East and North Africa ‐ Wealth and Personal Bankin
Slide 113: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 152 176 169 179 17
Slide 114: 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 ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 315 264 29
Slide 115: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 3 1 46 1 833 870 of
Slide 116: 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 ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in ne
Slide 117: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructu
Slide 118: Middle East and North Africa
HSBC Middle East and North Africa Reported cost significant items ($m) Costs of structural reform — — — — — — Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — — — — Past service costs of gu
Slide 119: Middle East and North Africa
HSBC Middle East and North Africa Middle East and North Africa ‐ Commercial Banking Revenue (3) (4) (3) (2) ECL 1 3 — (1) Operating expenses 2 2 2 1 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advanc
Slide 120: North America
HSBC North America North America ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 706 777 782 775 832 3,241 Net fee income 458 452 458 443 479 1,804 Other operating income 537 475 366 399 377 1,542 Net operating income b
Slide 121: North America
HSBC North America Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 115,813 124,726 111,092 110,627 110,897 113,474 Customer accounts 180,489 155,813 144,259 141,369 133,488 146,676 North America ‐ Wealth and Private Banking Quarter ended Yea
Slide 122: North America
HSBC North America North America ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 433 481 464 494 478 1,912 of which: net interest
Slide 123: North America
HSBC North America North America ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 708 729 605 560 609 2,400 of which: net
Slide 124: North America
HSBC North America North America ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 100 (7) 83 27 37 179 of which: net interest expens
Slide 125: North America
HSBC North America SIGNIFICANT ITEMS North America ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses (1) (7) (55) (4)
Slide 126: North America
HSBC North America North America ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other related costs —
Slide 127: North America
HSBC North America Reported cost significant items ($m) Costs of structural reform — — — — — — Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Impairment of goodwill and other intangibles — — — — — — Past service costs of guaranteed minimu
Slide 128: North America
HSBC North America North America ‐ Commercial Banking Revenue (6) (9) (10) (6) ECL 2 1 — — Operating expenses 2 2 4 3 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advances to customers (net) 848 (1,08
Slide 129: US
HSBC US US ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 502 495 496 482 546 2,087 Net fee income 319 307 311 301 334 1,238 Other operating income 445 424 299 353 324 1,313 Net operating income before change in expect
Slide 130: US
HSBC US Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 68,036 75,993 63,588 65,985 67,041 63,588 Customer accounts 120,236 99,714 90,834 89,742 82,260 90,834 HSBC US ‐ Wealth and Private Banking Quarter ended Year to date Reported ($m) 30‐J
Slide 131: US
HSBC US HSBC US ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 246 261 245 275 263 1,043 of which: net interest income 194 200 1
Slide 132: US
HSBC US HSBC US ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 623 663 517 485 532 2,074 of which: net interest income 1
Slide 133: US
HSBC US HSBC US ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 102 (9) 79 27 35 174 of which: net interest expense (18) (21) (16)
Slide 134: US
HSBC US SIGNIFICANT ITEMS HSBC US ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses (1) (7) (54) (4) — (58) Fair value
Slide 135: US
HSBC US HSBC US ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other related costs — — — — — — Report
Slide 136: US
HSBC US Reported cost significant items ($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 guaranteed minimum pension b
Slide 137: US
HSBC US HSBC US ‐ Commercial Banking Revenue — — — — ECL — — (1) — Operating expenses — — — — Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advances to customers (net) — — — — Customer accounts — — — —
Slide 138: Latin America
HSBC Latin America Latin America ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 450 513 514 470 568 2,061 Net fee income 104 126 143 137 137 540 1 Other operating income 160 224 282 70 224 915 Net operating income befo
Slide 139: Latin America
HSBC Latin America Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 19,785 20,259 18,970 19,219 18,899 23,136 Customer accounts 25,117 23,287 23,243 21,013 20,914 28,237 Latin America ‐ Wealth and Personal Banking Quarter ended Year to date R
Slide 140: Latin America
HSBC Latin America Latin America ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 145 164 194 145 191 718 of which: net interest i
Slide 141: Latin America
HSBC Latin America Latin America ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 151 155 189 107 171 619 of which: net in
Slide 142: Latin America
HSBC Latin America Latin America ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges (2) 44 6 (2) (2) — of which: net interest expense
Slide 143: Latin America
HSBC Latin America SIGNIFICANT ITEMS Latin America ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — (1) (1) F
Slide 144: Latin America
HSBC Latin America Latin America ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other related costs —
Slide 145: Latin America
HSBC Latin America Reported cost significant items ($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 guaranteed minimu
Slide 146: Latin America
HSBC Latin America Latin America ‐ Commercial Banking Revenue (20) (30) (39) (45) ECL 8 5 12 5 Operating expenses 10 18 20 23 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advances to customers (net) 6
Slide 147: Mexico
HSBC Mexico Mexico ‐ TOTAL Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net interest income 313 376 366 356 366 1,463 Net fee income 87 102 116 124 106 441 Other operating income 101 160 155 167 142 651 Net operating income before change in exp
Slide 148: Mexico
HSBC Mexico Balance sheet data ‐ at most recent balance sheet date FX rates ($m) Loans and advances to customers (net) 17,220 17,732 16,631 16,910 16,680 20,426 Customer accounts 19,759 18,394 18,769 16,982 16,936 23,051 Mexico ‐ Wealth and Personal Banking Quarter ended Year to date Reported ($m) 3
Slide 149: Mexico
HSBC Mexico Mexico ‐ Commercial Banking Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 85 101 102 101 111 441 of which: net interest income 72 80 85
Slide 150: Mexico
HSBC Mexico Mexico ‐ Global Banking and Markets Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges 75 62 98 98 82 365 of which: net interest income 36 23
Slide 151: Mexico
HSBC Mexico Mexico ‐ Corporate Centre Quarter ended Year to date Reported ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Net operating income before change in expected credit losses and other credit impairment charges — 46 6 4 — 14 of which: net interest expense (42) (45) (63) (55)
Slide 152: Mexico
HSBC Mexico SIGNIFICANT ITEMS Mexico ‐ TOTAL Quarter ended Year to date Reported revenue significant items ($m) 30‐Jun‐20 31‐Mar‐20 31‐Dec‐19 30‐Sep‐19 30‐Jun‐19 31‐Dec‐19 Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movement
Slide 153: Mexico
HSBC Mexico Mexico ‐ Commercial Banking Reported revenue significant items ($m) Customer redress programmes — — — — — — Disposals, acquisitions and investment in new businesses — — — — — — Fair value movements on financial instruments — — — — — — Restructuring and other related costs — — — — — — Rep
Slide 154: Mexico
HSBC Mexico 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 guaranteed minimum pensi
Slide 155: Mexico
HSBC Mexico Mexico ‐ Commercial Banking Revenue (14) (18) (17) (20) ECL 7 2 4 4 Operating expenses 8 10 9 9 Share of profit in associates and joint ventures — — — — Revenue significant items — — — — Operating expense significant items — — — — Loans and advances to customers (net) 103 (1,178) (895) (
Slide 156: 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 2020 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 157: 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 406,194 122,319 11,499 296
Slide 158: 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