HSBC Holdings, plc. (HSBC) Q2 2026 Earnings Call

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WEBVTT 00:00:00.131 -- 00:00:05.853 Welcome to the analyst and investor presentation for HSBC Holding plc's 2026 interim 00:00:05.853 -- 00:00:07.393 results. 00:00:07.393 -- 00:00:09.854 This webinar is being recorded. 00:00:09.854 -- 00:00:13.915 I will now hand over to Georges Elhedery, Group CEO. 00:00:14.436 -- 00:00:19.637 Welcome all to today's call. I'm joined by Pam who will take you through the second quarter 00:00:19.637 -- 00:00:23.203 performance in detail in a moment. 00:00:23.203 -- 00:00:28.228 I'll cover three items. One, our second quarter highlights and the first 00:00:28.228 -- 00:00:33.793 half performance. Two, the progress we're making on strategy execution. 00:00:33.793 -- 00:00:39.256 And three, our targets for 2026, 2027 and 2028. 00:00:39.979 -- 00:00:45.024 Let's turn straight to performance. My comments here will exclude notable items and the 00:00:45.024 -- 00:00:49.746 comparisons will be year on year on a constant currency basis. 00:00:50.257 -- 00:00:53.998 Momentum accelerated into the second quarter. 00:00:53.998 -- 00:00:58.599 We grew revenues by 7% to 19 billion US dollars. 00:00:58.599 -- 00:01:03.840 We generated profit before tax of 10.3 billion US dollars, up 00:01:03.840 -- 00:01:08.881 13% year on year. And we delivered an annualized return on tangible equity for 00:01:08.881 -- 00:01:12.262 the quarter of 19.5%. 00:01:13.302 -- 00:01:18.684 We grew our deposit franchise by 46 billion US dollars and grew our loans by 00:01:18.684 -- 00:01:21.644 20 billion US dollars. 00:01:22.677 -- 00:01:25.758 Next, the half-year performance highlights. 00:01:25.758 -- 00:01:32.360 We grew both group revenues and group profits before tax by 6%, 00:01:32.821 -- 00:01:36.103 with an annualized return on tangible equity of 19.1%. 00:01:36.1...