HSBC Holdings, plc. (HSBC) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.556 Welcome, ladies and gentlemen, to the Analyst and Investor webinar on the 2025 interim 00:00:05.556 -- 00:00:09.219 results for HSBC Holdings PLC. 00:00:09.219 -- 00:00:12.302 For your information, this webinar is being recorded. 00:00:12.302 -- 00:00:17.284 I will now hand over to George Elhaderi, Group CEO. 00:00:18.027 -- 00:00:22.491 Welcome all to today's call. I'm joined by Pam. 00:00:22.491 -- 00:00:28.015 Before Pam takes you through the second quota numbers, I will cover three items. 00:00:28.015 -- 00:00:30.592 Our first half performance, 00:00:30.592 -- 00:00:37.519 the external environment, and the progress we're making against the targets we set out. 00:00:37.822 -- 00:00:42.970 Turning to our performance, the momentum we saw in the first quarter continued into 00:00:42.970 -- 00:00:48.077 the second quarter. Our half-year performance was strong. 00:00:48.077 -- 00:00:54.105 Excluding notable items, revenue in the first half grew 6% to $35.4 00:00:54.105 -- 00:00:55.728 billion. 00:00:55.728 -- 00:01:00.474 Profit before tax was 5% higher than at $18.9 billion. 00:01:00.474 -- 00:01:02.136 On 00:01:02.136 -- 00:01:08.663 the same basis, annualized return on tangible equity was 18.2%, up 1.2% 00:01:09.066 -- 00:01:11.066 year-on-year. 00:01:12.831 -- 00:01:17.478 Our four businesses sustained momentum in their earnings. 00:01:17.478 -- 00:01:22.825 In our Hong Kong home market business, we attracted 100,000 00:01:22.825 -- 00:01:28.017 new-to-bank customers every month this year on average. 00:01:28.017 -- 00:01:33.423 reflecting strong customer growth and solid deposit inflows. 00:01:33.967 -- 00:01:39.256 In our UK home market business, our loan book grew by $6 billion over 00:01:39.256 -- 00:01:42.763 the quarter on ...