Key financial metrics
|
|
|
Half-year to
|
|||
|
|
30 Jun
|
30 Jun
|
31 Dec
|
|
|
Footnotes
|
2019
|
2018
|
2018
|
|
Reported results
|
|
|
|
|
|
Reported revenue ($m)
|
|
29,372
|
27,287
|
|
26,493
|
Reported profit before tax ($m)
|
|
12,407
|
10,712
|
|
9,178
|
Reported profit after tax ($m)
|
|
9,937
|
8,416
|
|
6,609
|
Profit attributable to the ordinary shareholders of the parent
company ($m)
|
|
8,507
|
7,173
|
|
5,435
|
Basic earnings per share ($)
|
|
0.42
|
0.36
|
|
0.27
|
Diluted earnings per share ($)
|
|
0.42
|
0.36
|
|
0.27
|
Return on average ordinary shareholders' equity (annualised)
(%)
|
|
10.4
|
8.7
|
|
6.7
|
Return on average tangible equity (annualised) (%)
|
1
|
11.2
|
9.7
|
|
8.6
|
Net interest margin (%)
|
1
|
1.61
|
1.66
|
|
1.66
|
Adjusted results
|
|
|
|
|
|
Adjusted revenue ($m)
|
|
28,495
|
26,381
|
|
26,333
|
Adjusted profit before tax ($m)
|
|
12,516
|
11,723
|
|
9,593
|
Adjusted jaws (%)
|
|
4.5
|
|
|
|
Cost efficiency ratio (%)
|
|
56.7
|
59.2
|
|
62.8
|
Expected credit losses and other credit impairment charges
(‘ECL’) as % of average gross loans and advances to
customers (%)
|
|
0.23
|
0.08
|
|
0.27
|
|
|
|
|
|
|
|
|
At
|
|||
|
|
30 Jun
|
30 Jun
|
31 Dec
|
|
|
|
2019
|
2018
|
2018
|
|
Balance sheet
|
|
|
|
|
|
Total assets ($m)
|
|
2,751,273
|
2,607,314
|
2,558,124
|
|
Net loans and advances to customers ($m)
|
|
1,021,632
|
973,443
|
981,696
|
|
Customer accounts ($m)
|
|
1,380,124
|
1,356,307
|
1,362,643
|
|
Average interest-earning assets ($m)
|
1
|
1,912,708
|
1,839,603
|
|
1,839,346
|
Loans and advances to customers as % of customer accounts
(%)
|
|
74.0
|
71.8
|
|
72.0
|
Total shareholders’ equity ($m)
|
|
192,676
|
183,607
|
186,253
|
|
Tangible ordinary shareholders’ equity ($m)
|
|
145,441
|
139,754
|
140,056
|
|
Net asset value per ordinary share at period end ($)
|
2,3
|
8.35
|
8.10
|
8.13
|
|
Tangible net asset value per ordinary share at period end
($)
|
3
|
7.19
|
7.00
|
7.01
|
|
Capital, leverage and liquidity
|
|
|
|
|
|
Common equity tier 1 capital ratio (%)
|
|
14.3
|
14.2
|
|
14.0
|
Risk-weighted assets ($m)
|
|
885,971
|
865,467
|
865,318
|
|
Total capital ratio (%)
|
4
|
20.1
|
20.4
|
20.0
|
|
Leverage ratio (%)
|
|
5.4
|
5.4
|
5.5
|
|
High-quality liquid assets (liquidity value) ($bn)
|
|
533
|
540
|
567
|
|
Liquidity coverage ratio (%)
|
|
136
|
158
|
154
|
|
Share count
|
|
|
|
|
|
Period end basic number of $0.50 ordinary shares outstanding
(millions)
|
|
20,221
|
19,963
|
19,981
|
|
Period end basic number of $0.50 ordinary shares outstanding and
dilutive potential ordinary shares (millions)
|
|
20,286
|
20,045
|
20,059
|
|
Average basic number of $0.50 ordinary shares outstanding
(millions)
|
|
20,124
|
19,998
|
19,786
|
|
Dividend
per ordinary share (declared in the period) ($)
|
|
0.31
|
0.31
|
0.20
|
Highlights
|
|
|
Half-year to
|
|
|
|
30 Jun
|
30 Jun
|
|
|
2019
|
2018
|
|
Footnotes
|
$m
|
$m
|
Reported
|
|
|
|
Revenue
|
1
|
29,372
|
27,287
|
Change
in expected credit losses and other credit impairment
charges
|
|
(1,140)
|
(407)
|
Operating
expenses
|
|
(17,149)
|
(17,549)
|
Profit before tax
|
|
12,407
|
10,712
|
Adjusted
|
|
|
|
Revenue
|
1
|
28,495
|
26,381
|
Change
in expected credit losses and other credit impairment
charges
|
|
(1,140)
|
(357)
|
Operating
expenses
|
|
(16,163)
|
(15,615)
|
Profit before tax
|
|
12,516
|
11,723
|
Significant items affecting adjusted performance
|
|
|
|
Revenue
|
|
|
|
Customer
redress programmes
|
|
—
|
46
|
Disposals,
acquisitions and investment in new businesses
|
|
827
|
(142)
|
Fair
value movements on financial instruments
|
|
50
|
(152)
|
Operating expenses
|
|
|
|
Costs of structural reform
|
|
(91)
|
(211)
|
Customer redress programmes
|
|
(610)
|
(100)
|
Disposals, acquisitions and investment in new
businesses
|
|
—
|
(3)
|
Restructuring
and other related costs
|
|
(287)
|
(24)
|
Settlements
and provisions in connection with legal and regulatory
matters
|
|
2
|
(841)
|
Financial summary
|
|
|
Half-year
to
|
|||
|
|
30 Jun
|
30 Jun
|
31 Dec
|
|
|
|
2019
|
2018
|
2018
|
|
|
Footnotes
|
$m
|
$m
|
$m
|
|
For the period
|
|
|
|
|
|
Profit
before tax
|
|
12,407
|
10,712
|
9,178
|
|
Profit attributable to:
|
|
|
|
|
|
–
ordinary shareholders of the parent company
|
|
8,507
|
7,173
|
5,435
|
|
Dividends
on ordinary shares
|
1
|
4,206
|
6,205
|
3,982
|
|
At the period end
|
|
|
|
|
|
Total
shareholders’ equity
|
|
192,676
|
183,607
|
186,253
|
|
Total
regulatory capital
|
|
178,259
|
176,610
|
173,238
|
|
Customer
accounts
|
|
1,380,124
|
1,356,307
|
1,362,643
|
|
Total
assets
|
|
2,751,273
|
2,607,314
|
2,558,124
|
|
Risk-weighted
assets
|
|
885,971
|
865,467
|
865,318
|
|
Per ordinary share
|
|
$
|
$
|
$
|
|
Basic
earnings
|
|
0.42
|
0.36
|
0.27
|
|
Dividend per ordinary share (declared in the period)
|
2
|
0.31
|
0.31
|
0.20
|
|
Net
asset value
|
|
8.35
|
8.10
|
8.13
|
|
Distribution of results by global business
|
Adjusted
profit/(loss) before tax
|
|
|
|
|
|
|
|
|
Half-year to
|
||||||
|
30 Jun
|
30 Jun
|
31 Dec
|
||||
|
2019
|
2018
|
2018
|
||||
|
$m
|
%
|
$m
|
%
|
$m
|
%
|
|
Retail
Banking and Wealth Management
|
4,441
|
35.5
|
3,588
|
30.6
|
3,445
|
35.9
|
|
Commercial
Banking
|
4,025
|
32.1
|
3,975
|
33.9
|
3,545
|
37.0
|
|
Global
Banking and Markets
|
2,824
|
22.6
|
3,431
|
29.3
|
2,507
|
26.1
|
|
Global
Private Banking
|
196
|
1.6
|
187
|
1.6
|
155
|
1.6
|
|
Corporate
Centre
|
1,030
|
8.2
|
542
|
4.6
|
(59
|
(0.6
|
)
|
Profit before tax
|
12,516
|
100.0
|
11,723
|
100.0
|
9,593
|
100.0
|
|
Distribution of results by geographical region
|
Reported
profit/(loss) before tax
|
|
|
|
|
|
|
||
|
Half-year to
|
|||||||
|
30 Jun
|
30 Jun
|
31 Dec
|
|||||
|
2019
|
2018
|
2018
|
|||||
|
$m
|
%
|
$m
|
%
|
$m
|
%
|
||
Europe
|
(520)
|
(4.2)
|
110
|
1.0
|
|
(925)
|
(10.1)
|
|
Asia
|
9,780
|
78.8
|
9,380
|
87.6
|
|
8,410
|
91.7
|
|
Middle East and North Africa
|
1,736
|
14.0
|
836
|
7.8
|
|
721
|
7.9
|
|
North America
|
746
|
6.0
|
42
|
0.4
|
|
757
|
8.2
|
|
Latin America
|
665
|
5.4
|
344
|
3.2
|
|
215
|
2.3
|
|
Profit before tax
|
12,407
|
100.0
|
10,712
|
100.0
|
|
9,178
|
100.0
|
|
HSBC
adjusted profit before tax and balance sheet data
|
|||||||
|
|
Half-year to 30 Jun 2019
|
|||||
|
|
RetailBanking and Wealth Management
|
CommercialBanking
|
GlobalBanking and Markets
|
GlobalPrivate Banking
|
Corporate Centre
|
Total
|
|
Footnotes
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
Net
operating income/(expense) before change in expected credit losses
and other credit impairment charges
|
1
|
11,919
|
7,816
|
7,706
|
924
|
130
|
28,495
|
–
external
|
|
8,789
|
7,545
|
9,493
|
675
|
1,993
|
28,495
|
–
inter-segment
|
|
3,130
|
271
|
(1,787)
|
249
|
(1,863)
|
—
|
of which: net interest income/(expense)
|
|
8,155
|
5,653
|
2,861
|
441
|
(1,870)
|
15,240
|
Change
in expected credit losses and other credit impairment
(charges)/recoveries
|
|
(540)
|
(494)
|
(95)
|
(19)
|
8
|
(1,140)
|
Net operating income
|
|
11,379
|
7,322
|
7,611
|
905
|
138
|
27,355
|
Total
operating expenses
|
|
(6,981)
|
(3,297)
|
(4,787)
|
(709)
|
(389)
|
(16,163)
|
Operating profit/(loss)
|
|
4,398
|
4,025
|
2,824
|
196
|
(251)
|
11,192
|
Share
of profit in associates and joint ventures
|
|
43
|
—
|
—
|
—
|
1,281
|
1,324
|
Adjusted profit before tax
|
|
4,441
|
4,025
|
2,824
|
196
|
1,030
|
12,516
|
|
|
%
|
%
|
%
|
%
|
%
|
%
|
Share
of HSBC’s adjusted profit before tax
|
|
35.5
|
32.1
|
22.6
|
1.6
|
8.2
|
100.0
|
Adjusted
cost efficiency ratio
|
|
58.6
|
42.2
|
62.1
|
76.7
|
299.2
|
56.7
|
Adjusted balance sheet data
|
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
Loans
and advances to customers (net)
|
|
376,126
|
347,387
|
250,790
|
45,806
|
1,523
|
1,021,632
|
Interests
in associates and joint ventures
|
|
456
|
—
|
—
|
—
|
23,436
|
23,892
|
Total
external assets
|
|
498,045
|
377,142
|
1,120,235
|
50,757
|
705,094
|
2,751,273
|
Customer
accounts
|
|
660,588
|
358,735
|
289,950
|
62,235
|
8,616
|
1,380,124
|
Adjusted
risk-weighted assets
|
|
128,957
|
327,553
|
284,509
|
16,531
|
127,607
|
885,157
|
|
|
Half-year to 30 Jun 2018
|
|||||
Net
operating income/(expense) before change in expected credit losses
and other credit impairment charges
|
1
|
10,668
|
7,140
|
7,916
|
907
|
(250
|
26,381
|
–
external
|
|
8,741
|
7,001
|
9,181
|
782
|
676
|
26,381
|
–
inter-segment
|
|
1,927
|
139
|
(1,265)
|
125
|
(926)
|
—
|
of which: net interest income/(expense)
|
|
7,389
|
4,985
|
2,385
|
436
|
(720)
|
14,475
|
Change
in expected credit losses and other credit impairment
(charges)/recoveries
|
|
(514)
|
(37)
|
103
|
4
|
87
|
(357)
|
Net
operating income/(expense)
|
|
10,154
|
7,103
|
8,019
|
911
|
(163
|
26,024
|
Total
operating expenses
|
|
(6,583)
|
(3,128)
|
(4,588)
|
(724)
|
(592)
|
(15,615)
|
Operating
profit/(loss)
|
|
3,571
|
3,975
|
3,431
|
187
|
(755)
|
10,409
|
Share
of profit in associates and joint ventures
|
|
17
|
—
|
—
|
—
|
1,297
|
1,314
|
Adjusted
profit before tax
|
|
3,588
|
3,975
|
3,431
|
187
|
542
|
11,723
|
|
|
%
|
%
|
%
|
%
|
%
|
%
|
Share
of HSBC’s adjusted profit before tax
|
|
30.6
|
33.9
|
29.3
|
1.6
|
4.6
|
100.0
|
Adjusted
cost efficiency ratio
|
|
61.7
|
43.8
|
58.0
|
79.8
|
(236.8)
|
59.2
|
Adjusted
balance sheet data
|
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
Loans
and advances to customers (net)
|
|
345,029
|
324,717
|
246,900
|
40,809
|
2,012
|
959,467
|
Interests
in associates and joint ventures
|
|
393
|
—
|
—
|
—
|
21,744
|
22,137
|
Total
external assets
|
|
467,809
|
359,329
|
1,036,945
|
47,311
|
659,756
|
2,571,150
|
Customer
accounts
|
|
628,536
|
351,422
|
286,690
|
63,164
|
9,675
|
1,339,487
|
Adjusted
risk-weighted assets
|
|
122,679
|
310,278
|
282,439
|
16,881
|
121,666
|
853,943
|
HSBC
adjusted profit before tax and balance sheet data
(continued)
|
|||||||
|
|
Half-year to 31 Dec 2018
|
|||||
|
|
RetailBanking
and Wealth Management
|
CommercialBanking
|
GlobalBanking
and Markets
|
GlobalPrivate
Banking
|
Corporate
Centre
|
Total
|
|
Footnotes
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
Net
operating income/(expense) before change in expected credit losses
and other credit impairment charges
|
1
|
10,834
|
7,420
|
7,230
|
854
|
(5)
|
26,333
|
–
external
|
|
8,155
|
7,313
|
8,483
|
694
|
1,688
|
26,333
|
–
inter-segment
|
|
2,679
|
107
|
(1,253)
|
160
|
(1,693)
|
—
|
of which: net interest income/(expense)
|
|
8,135
|
5,461
|
2,768
|
440
|
(1,472)
|
15,332
|
Change
in expected credit losses and other credit impairment
(charges)/recoveries
|
|
(634)
|
(684)
|
(70)
|
3
|
28
|
(1,357)
|
Net
operating income
|
|
10,200
|
6,736
|
7,160
|
857
|
23
|
24,976
|
Total
operating expenses
|
|
(6,772)
|
(3,191)
|
(4,653)
|
(702)
|
(1,232)
|
(16,550)
|
Operating
profit/(loss)
|
|
3,428
|
3,545
|
2,507
|
155
|
(1,209)
|
8,426
|
Share
of profit in associates and joint ventures
|
|
17
|
—
|
—
|
—
|
1,150
|
1,167
|
Adjusted
profit/(loss) before tax
|
|
3,445
|
3,545
|
2,507
|
155
|
(59)
|
9,593
|
|
|
%
|
%
|
%
|
%
|
%
|
%
|
Share
of HSBC’s adjusted profit before tax
|
|
35.9
|
37.0
|
26.1
|
1.6
|
(0.6)
|
100.0
|
Adjusted
cost efficiency ratio
|
|
62.5
|
43.0
|
64.4
|
82.2
|
(24,640.0)
|
62.8
|
Adjusted
balance sheet data
|
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
Loans
and advances to customers (net)
|
|
362,262
|
333,854
|
245,261
|
39,265
|
2,459
|
983,101
|
Interests
in associates and joint ventures
|
|
399
|
—
|
—
|
—
|
22,043
|
22,442
|
Total
external assets
|
|
477,618
|
361,369
|
1,011,691
|
45,140
|
663,540
|
2,559,358
|
Customer
accounts
|
|
641,833
|
358,201
|
290,964
|
64,660
|
8,679
|
1,364,337
|
Adjusted
risk-weighted assets
|
|
126,929
|
321,717
|
281,338
|
16,811
|
118,826
|
865,621
|
Consolidated
income statement
|
|||
|
Half-year to
|
||
|
30 Jun
|
30 Jun
|
31 Dec
|
|
2019
|
2018
|
2018
|
|
$m
|
$m
|
$m
|
Net
interest income
|
15,240
|
15,100
|
15,389
|
–
interest income
|
27,750
|
23,422
|
26,187
|
–
interest expense
|
(12,510)
|
(8,322)
|
(10,798)
|
Net fee
income
|
6,124
|
6,767
|
5,853
|
– fee income
|
7,804
|
8,469
|
7,575
|
– fee expense
|
(1,680)
|
(1,702)
|
(1,722)
|
Net
income from financial instruments held for trading or managed on a
fair value basis
|
5,331
|
4,883
|
4,648
|
Net income/(expense) from assets and liabilities of insurance
businesses, including related derivatives, measured at fair value
through profit or loss
|
2,196
|
(222)
|
(1,266)
|
Changes
in fair value of long-term debt and related
derivatives
|
88
|
(126)
|
29
|
Changes
in fair value of other financial instruments mandatorily measured
at fair value through profit or loss
|
457
|
345
|
350
|
Gains
less losses from financial investments
|
201
|
124
|
94
|
Dividend
income
|
38
|
41
|
34
|
Net
insurance premium income
|
6,323
|
5,776
|
4,883
|
Other
operating income
|
2,034
|
359
|
526
|
Total operating income
|
38,032
|
33,047
|
30,540
|
Net
insurance claims and benefits paid and movement in liabilities to
policyholders
|
(8,660)
|
(5,760)
|
(4,047)
|
Net operating income before change in expected credit losses and
other credit impairment charges
|
29,372
|
27,287
|
26,493
|
Change
in expected credit losses and other credit impairment
charges
|
(1,140)
|
(407)
|
(1,360)
|
Net operating income
|
28,232
|
26,880
|
25,133
|
Employee
compensation and benefits
|
(9,255)
|
(8,836)
|
(8,537)
|
General
and administrative expenses
|
(6,372)
|
(7,767)
|
(7,586)
|
Depreciation
and impairment of property, plant and equipment and right-of-use
assets1
|
(1,010)
|
(568)
|
(551)
|
Amortisation
and impairment of intangible assets and goodwill
|
(512)
|
(378)
|
(436)
|
Total operating expenses
|
(17,149)
|
(17,549)
|
(17,110)
|
Operating profit
|
11,083
|
9,331
|
8,023
|
Share
of profit in associates and joint ventures
|
1,324
|
1,381
|
1,155
|
Profit before tax
|
12,407
|
10,712
|
9,178
|
Tax
expense
|
(2,470)
|
(2,296)
|
(2,569)
|
Profit for the period
|
9,937
|
8,416
|
6,609
|
Attributable
to:
|
|
|
|
–
ordinary shareholders of the parent company
|
8,507
|
7,173
|
5,435
|
–
preference shareholders of the parent company
|
45
|
45
|
45
|
–
other equity holders
|
664
|
530
|
499
|
–
non-controlling interests
|
721
|
668
|
630
|
Profit for the period
|
9,937
|
8,416
|
6,609
|
|
$
|
$
|
$
|
Basic
earnings per ordinary share
|
0.42
|
0.36
|
0.27
|
Diluted
earnings per ordinary share
|
0.42
|
0.36
|
0.27
|
Consolidated statement of comprehensive income
|
|||
|
Half-year to
|
||
|
30 Jun
|
30 Jun
|
31 Dec
|
|
2019
|
2018
|
2018
|
|
$m
|
$m
|
$m
|
Profit
for the period
|
9,937
|
8,416
|
6,609
|
Other comprehensive income/(expense)
|
|
|
|
Items that will be reclassified subsequently to profit or loss when
specific conditions are met:
|
|
|
|
Debt
instruments at fair value through other comprehensive
income
|
1,015
|
(265)
|
22
|
–
fair value gains/(losses)
|
2,141
|
(658
|
490
|
–
fair value (gains)/losses transferred to the income statement on
disposal
|
(794)
|
329
|
(424)
|
–
expected credit losses recognised in income statement
|
(5)
|
(91)
|
(3)
|
–
income taxes
|
(327)
|
155
|
(41)
|
Cash
flow hedges
|
239
|
(68)
|
87
|
–
fair value gains/(losses)
|
241
|
(276
|
9
|
–
fair value losses reclassified to the income statement
|
68
|
184
|
133
|
–
income taxes and other movements
|
(70)
|
24
|
(55)
|
Share
of other comprehensive income/(expense) of associates and joint
ventures
|
73
|
(57)
|
(7)
|
–
share for the period
|
85
|
(57
|
(7
|
–
fair value gains transferred to the income statement on
disposal
|
(12)
|
—
|
—
|
Exchange
differences
|
109
|
(4,252)
|
(2,904)
|
Items that will not be reclassified subsequently to profit or
loss:
|
|
|
|
Remeasurement
of defined benefit asset/liability
|
(45)
|
297
|
(626)
|
–
before income taxes
|
(50)
|
421
|
(809)
|
–
income taxes
|
5
|
(124)
|
183
|
Changes
in fair value of financial liabilities designated at fair value
upon initial recognition arising from changes in own credit
risk
|
(1,445)
|
1,345
|
1,502
|
–
before income taxes
|
(1,816)
|
1,653
|
1,953
|
–
income taxes
|
371
|
(308)
|
(451)
|
Equity
instruments designated at fair value through other comprehensive
income
|
268
|
(30)
|
3
|
–
fair value gains/(losses)
|
265
|
(26)
|
(45)
|
–
income taxes
|
3
|
(4)
|
48
|
Effects
of hyperinflation
|
113
|
—
|
283
|
Other comprehensive expense for the period, net of tax
|
327
|
(3,030)
|
(1,640)
|
Total comprehensive income for the period
|
10,264
|
5,386
|
4,969
|
Attributable
to:
|
|
|
|
–
ordinary shareholders of the parent company
|
8,741
|
4,229
|
3,854
|
–
preference shareholders of the parent company
|
45
|
45
|
45
|
–
other equity holders
|
664
|
530
|
499
|
–
non-controlling interests
|
814
|
582
|
571
|
Total comprehensive income for the period
|
10,264
|
5,386
|
4,969
|
Consolidated
balance sheet
|
||
|
At
|
|
|
30 Jun
|
31 Dec
|
|
2019
|
2018
|
|
$m
|
$m
|
Assets
|
|
|
Cash
and balances at central banks
|
171,090
|
162,843
|
Items
in the course of collection from other banks
|
8,673
|
5,787
|
Hong
Kong Government certificates of indebtedness
|
36,492
|
35,859
|
Trading
assets
|
271,424
|
238,130
|
Financial
assets designated and otherwise mandatorily measured at fair value
through profit and loss
|
41,043
|
41,111
|
Derivatives
|
233,621
|
207,825
|
Loans
and advances to banks
|
82,397
|
72,167
|
Loans
and advances to customers
|
1,021,632
|
981,696
|
Reverse
repurchase agreements – non-trading
|
233,079
|
242,804
|
Financial
investments
|
428,101
|
407,433
|
Prepayments,
accrued income and other assets
|
168,880
|
110,571
|
Current
tax assets
|
804
|
684
|
Interests
in associates and joint ventures
|
23,892
|
22,407
|
Goodwill
and intangible assets
|
25,733
|
24,357
|
Deferred
tax assets
|
4,412
|
4,450
|
Total assets
|
2,751,273
|
2,558,124
|
Liabilities and equity
|
|
|
Liabilities
|
|
|
Hong
Kong currency notes in circulation
|
36,492
|
35,859
|
Deposits
by banks
|
71,051
|
56,331
|
Customer
accounts
|
1,380,124
|
1,362,643
|
Repurchase
agreements – non-trading
|
184,497
|
165,884
|
Items
in the course of transmission to other banks
|
9,178
|
5,641
|
Trading
liabilities
|
94,149
|
84,431
|
Financial
liabilities designated at fair value
|
165,104
|
148,505
|
Derivatives
|
229,903
|
205,835
|
Debt
securities in issue
|
103,663
|
85,342
|
Accruals,
deferred income and other liabilities
|
152,052
|
97,380
|
Current
tax liabilities
|
1,653
|
718
|
Liabilities
under insurance contracts
|
93,794
|
87,330
|
Provisions
|
3,025
|
2,920
|
Deferred
tax liabilities
|
2,820
|
2,619
|
Subordinated
liabilities
|
22,894
|
22,437
|
Total liabilities
|
2,550,399
|
2,363,875
|
Equity
|
|
|
Called
up share capital
|
10,281
|
10,180
|
Share
premium account
|
13,998
|
13,609
|
Other
equity instruments
|
22,367
|
22,367
|
Other
reserves
|
3,437
|
1,906
|
Retained
earnings
|
142,593
|
138,191
|
Total shareholders’ equity
|
192,676
|
186,253
|
Non-controlling
interests
|
8,198
|
7,996
|
Total equity
|
200,874
|
194,249
|
Total liabilities and equity
|
2,751,273
|
2,558,124
|
Consolidated statement of cash flows
|
|||
|
Half-year to
|
||
|
30 Jun
|
30 Jun
|
31 Dec
|
|
2019
|
2018
|
2018
|
|
$m
|
$m
|
$m
|
Profit before tax
|
12,407
|
10,712
|
9,178
|
Adjustments for non-cash items:
|
|
|
|
Depreciation and
amortisation1
|
1,522
|
946
|
987
|
Net
(gain)/loss from investing activities
|
(352)
|
85
|
(211)
|
Share
of profit in associates and joint ventures
|
(1,324)
|
(1,381)
|
(1,155)
|
Gain on
disposal of subsidiaries, businesses, associates and joint
ventures
|
(828)
|
—
|
—
|
Change
in expected credit losses gross of recoveries and other credit
impairment charges
|
1,347
|
680
|
1,600
|
Provisions
including pensions
|
1,012
|
1,244
|
700
|
Share-based payment
expense
|
288
|
274
|
176
|
Other
non-cash items included in profit before tax
|
(1,401)
|
(899)
|
(404)
|
Change
in operating assets
|
(98,152)
|
(68,860)
|
14,657
|
Change
in operating liabilities
|
136,627
|
71,964
|
(20,708)
|
Elimination
of exchange differences2
|
(9,281)
|
(5,967)
|
11,168
|
Dividends
received from associates
|
170
|
126
|
784
|
Contributions
paid to defined benefit plans
|
(153)
|
(103)
|
(229)
|
Tax
paid
|
(1,347)
|
(1,116)
|
(2,301)
|
Net cash from operating activities
|
40,535
|
7,705
|
14,242
|
Purchase
of financial investments
|
(234,762)
|
(207,747)
|
(192,824)
|
Proceeds
from the sale and maturity of financial investments
|
204,600
|
210,880
|
175,176
|
Net
cash flows from the purchase and sale of property, plant and
equipment
|
(532)
|
(520)
|
(676)
|
Net
cash flows from purchase/(disposal) of customer and loan
portfolios
|
435
|
(542)
|
338
|
Net
investment in intangible assets
|
(951)
|
(751)
|
(1,097)
|
Net
cash flow on disposal of subsidiaries, businesses, associates and
joint ventures
|
(75)
|
(19)
|
23
|
Net cash from investing activities
|
(31,285)
|
1,301
|
(19,060)
|
Issue
of ordinary share capital and other equity instruments
|
—
|
4,150
|
1,851
|
Cancellation
of shares
|
—
|
(986)
|
(1,012)
|
Net
sales of own shares for market-making and investment
purposes
|
27
|
43
|
90
|
Redemption
of preference shares and other equity instruments
|
—
|
(6,078)
|
—
|
Subordinated
loan capital repaid
|
(4,138)
|
(4,020)
|
(57)
|
Dividends
paid to shareholders of the parent company and non-controlling
interests
|
(4,271)
|
(4,965)
|
(5,797)
|
Net cash from financing activities
|
(8,382)
|
(11,856)
|
(4,925)
|
Net increase/(decrease) in cash and cash equivalents
|
868
|
(2,850)
|
(9,743)
|
Cash
and cash equivalents at the beginning of the period3
|
311,153
|
333,912
|
324,901
|
Exchange
differences in respect of cash and cash equivalents
|
(46)
|
(6,161)
|
(4,005)
|
Cash and cash equivalents at the end of the period3
|
311,975
|
324,901
|
311,153
|
Consolidated statement of changes in equity
|
||||||||||
|
|
|
|
Other reserves
|
|
|
|
|||
|
Called up sharecapital and share premium
|
Otherequity instru-ments
|
Retainedearnings
|
Financial assets at FVOCI reserve
|
Cashflow hedging reserve
|
Foreignexchange reserve
|
Merger and otherreserves
|
Total share-holders’ equity
|
Non-controlling interests
|
Total equity
|
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
At 1 Jan 2019
|
23,789
|
22,367
|
138,191
|
(1,532)
|
(206)
|
(26,133)
|
29,777
|
186,253
|
7,996
|
194,249
|
Profit
for the period
|
—
|
—
|
9,216
|
—
|
—
|
—
|
—
|
9,216
|
721
|
9,937
|
Other
comprehensive income (net of tax)
|
—
|
—
|
(1,297)
|
1,202
|
237
|
92
|
—
|
234
|
93
|
327
|
–
debt instruments at fair value through other comprehensive
income
|
—
|
—
|
—
|
1,001
|
—
|
—
|
—
|
1,001
|
14
|
1,015
|
–
equity instruments designated at fair value through other
comprehensive income
|
—
|
—
|
—
|
201
|
—
|
—
|
—
|
201
|
67
|
268
|
–
cash flow hedges
|
—
|
—
|
—
|
—
|
237
|
—
|
—
|
237
|
2
|
239
|
–
changes in fair value of financial liabilities designated at fair
value upon initial recognition arising from changes in own credit
risk
|
—
|
—
|
(1,445)
|
—
|
—
|
—
|
—
|
(1,445)
|
—
|
(1,445)
|
–
remeasurement of defined benefit asset/liability
|
—
|
—
|
(38)
|
—
|
—
|
—
|
—
|
(38)
|
(7)
|
(45)
|
–
share of other comprehensive income of associates and joint
ventures
|
—
|
—
|
73
|
—
|
—
|
—
|
—
|
73
|
—
|
73
|
–
effects of hyperinflation
|
—
|
—
|
113
|
—
|
—
|
—
|
—
|
113
|
—
|
113
|
–
exchange differences
|
—
|
—
|
—
|
—
|
—
|
92
|
—
|
92
|
17
|
109
|
Total comprehensive income for the period
|
—
|
—
|
7,919
|
1,202
|
237
|
92
|
—
|
9,450
|
814
|
10,264
|
Shares
issued under employee remuneration and
share plans
|
490
|
—
|
(475)
|
—
|
—
|
—
|
—
|
15
|
—
|
15
|
Shares
issued in lieu of dividends and amounts
arising thereon
|
—
|
—
|
1,160
|
—
|
—
|
—
|
—
|
1,160
|
—
|
1,160
|
Dividends
to shareholders6
|
—
|
—
|
(4,915)
|
—
|
—
|
—
|
—
|
(4,915)
|
(516)
|
(5,431)
|
Cost of
share-based payment arrangements
|
—
|
—
|
255
|
—
|
—
|
—
|
—
|
255
|
—
|
255
|
Other
movements
|
—
|
—
|
458
|
—
|
—
|
—
|
—
|
458
|
(96
|
362
|
At 30 Jun 2019
|
24,279
|
22,367
|
142,593
|
(330)
|
31
|
(26,041)
|
29,777
|
192,676
|
8,198
|
200,874
|
|
||||||||||
At 1 Jan 2018
|
20,337
|
22,250
|
139,414
|
(1,371)
|
(222)
|
(19,072)
|
27,308
|
188,644
|
7,580
|
196,224
|
Profit
for the period
|
—
|
—
|
7,748
|
—
|
—
|
—
|
—
|
7,748
|
668
|
8,416
|
Other
comprehensive income (net of tax)
|
—
|
—
|
1,589
|
(273)
|
(66)
|
(4,194)
|
—
|
(2,944)
|
(86)
|
(3,030)
|
–
debt instruments at fair value through other comprehensive
income
|
—
|
—
|
—
|
(264)
|
—
|
—
|
—
|
(264)
|
(1)
|
(265)
|
–
equity instruments designated at fair value through other
comprehensive income
|
—
|
—
|
—
|
(9)
|
—
|
—
|
—
|
(9)
|
(21)
|
(30)
|
–
cash flow hedges
|
—
|
—
|
—
|
—
|
(66)
|
—
|
—
|
(66)
|
(2)
|
(68)
|
–
changes in fair value of financial liabilities designated at fair
value upon initial recognition arising from changes in own credit
risk
|
—
|
—
|
1,346
|
—
|
—
|
—
|
—
|
1,346
|
(1)
|
1,345
|
–
remeasurement of defined benefit asset/liability
|
—
|
—
|
300
|
—
|
—
|
—
|
—
|
300
|
(3)
|
297
|
–
share of other comprehensive income of associates and joint
ventures
|
—
|
—
|
(57)
|
—
|
—
|
—
|
—
|
(57)
|
—
|
(57)
|
–
exchange differences
|
—
|
—
|
—
|
—
|
—
|
(4,194)
|
—
|
(4,194)
|
(58)
|
(4,252)
|
Total
comprehensive income for the period
|
—
|
—
|
9,337
|
(273)
|
(66)
|
(4,194)
|
—
|
4,804
|
582
|
5,386
|
Shares
issued under employee remuneration and share plans
|
582
|
—
|
(570)
|
—
|
—
|
—
|
—
|
12
|
—
|
12
|
Shares
issued in lieu of dividends and amounts arising
thereon
|
—
|
—
|
606
|
—
|
—
|
—
|
—
|
606
|
—
|
606
|
Capital
securities issued1
|
—
|
4,150
|
—
|
—
|
—
|
—
|
—
|
4,150
|
—
|
4,150
|
Dividends
to shareholders
|
—
|
—
|
(6,904)
|
—
|
—
|
—
|
—
|
(6,904)
|
(461)
|
(7,365)
|
Redemption
of securities2
|
—
|
(5,827)
|
(237)
|
—
|
—
|
—
|
—
|
(6,064)
|
—
|
(6,064)
|
Cost of
share-based payment arrangements
|
—
|
—
|
274
|
—
|
—
|
—
|
—
|
274
|
—
|
274
|
Cancellation
of shares3
|
(986)
|
—
|
(1,014)
|
—
|
—
|
—
|
—
|
(2,000)
|
—
|
(2,000)
|
Other
movements
|
—
|
—
|
2
|
83
|
—
|
—
|
—
|
85
|
(14)
|
71
|
At 30 Jun 2018
|
19,933
|
20,573
|
140,908
|
(1,561)
|
(288)
|
(23,266)
|
27,308
|
183,607
|
7,687
|
191,294
|
Consolidated
statement of changes in equity (continued)
|
||||||||||
|
|
|
|
Other reserves
|
|
|
|
|||
|
Called
upshare capital and share premium
|
Otherequity instru- ments
|
Retainedearnings
|
Financial assets at FVOCI reserve
|
Cashflow
hedging reserve
|
Foreign
exchange reserve
|
Merger
and other reserves
|
Totalshare-
holders’ equity
|
Non-controlling
interests
|
Totalequity
|
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
$m
|
At 1 Jul 2018
|
19,933
|
20,573
|
140,908
|
(1,561)
|
(288)
|
(23,266)
|
27,308
|
183,607
|
7,687
|
191,294
|
Profit
for the period
|
—
|
—
|
5,979
|
—
|
—
|
—
|
—
|
5,979
|
630
|
6,609
|
Other
comprehensive income(net of tax)
|
—
|
—
|
1,176
|
28
|
82
|
(2,867)
|
—
|
(1,581)
|
(59)
|
(1,640)
|
–
debt instruments at fair value through other comprehensive
income
|
—
|
—
|
—
|
19
|
—
|
—
|
—
|
19
|
3
|
22
|
–
equity instruments designated at fair value through other
comprehensive income
|
—
|
—
|
—
|
9
|
—
|
—
|
—
|
9
|
(6
|
3
|
–
cash flow hedges
|
—
|
—
|
—
|
—
|
82
|
—
|
—
|
82
|
5
|
87
|
–
changes in fair value of financial liabilities designated at fair
value upon initial recognition arising from changes in own credit
risk
|
—
|
—
|
1,501
|
—
|
—
|
—
|
—
|
1,501
|
1
|
1,502
|
–
remeasurement of defined benefit asset/liability
|
—
|
—
|
(601)
|
—
|
—
|
—
|
—
|
(601)
|
(25)
|
(626
|
–
share of other comprehensive income of associates and joint
ventures
|
—
|
—
|
(7)
|
—
|
—
|
—
|
—
|
(7)
|
—
|
(7)
|
–
effects of hyperinflation
|
—
|
—
|
283
|
—
|
—
|
—
|
—
|
283
|
—
|
283
|
–
exchange differences
|
—
|
—
|
—
|
—
|
—
|
(2,867)
|
—
|
(2,867)
|
(37
|
(2,904)
|
Total
comprehensive income for the period
|
—
|
—
|
7,155
|
28
|
82
|
(2,867)
|
—
|
4,398
|
571
|
4,969
|
Shares
issued under employee remuneration and share plans
|
139
|
—
|
(40)
|
—
|
—
|
—
|
—
|
99
|
—
|
99
|
Shares
issued in lieu of dividends and amounts arising
thereon
|
—
|
—
|
888
|
—
|
—
|
—
|
—
|
888
|
—
|
888
|
Capital
securities issued1
|
—
|
1,818
|
—
|
—
|
—
|
—
|
—
|
1,818
|
—
|
1,818
|
Dividends
to shareholders
|
—
|
—
|
(4,643)
|
—
|
—
|
—
|
—
|
(4,643)
|
(249)
|
(4,892)
|
Redemption
of securities2
|
—
|
(24)
|
—
|
—
|
—
|
—
|
—
|
(24)
|
—
|
(24)
|
Transfers4
|
—
|
—
|
(2,200)
|
—
|
—
|
—
|
2,200
|
—
|
—
|
—
|
Cost of
share-based payment arrangements
|
—
|
—
|
176
|
—
|
—
|
—
|
—
|
176
|
—
|
176
|
Cancellation
of shares5
|
3,717
|
—
|
(3,984)
|
—
|
—
|
—
|
269
|
2
|
—
|
2
|
Other
movements
|
—
|
—
|
(69)
|
1
|
—
|
—
|
—
|
(68)
|
(13)
|
(81)
|
At 31 Dec 2018
|
23,789
|
22,367
|
138,191
|
(1,532)
|
(206)
|
(26,133)
|
29,777
|
186,253
|
7,996
|
194,249
|
1
|
Basis of preparation and significant accounting
policies
|
IAS 17
|
IFRS 16
|
Leases were classified as either finance or operating leases.
Payments made under operating leases were charged to profit or loss
on a straight-line basis over the period of the lease.
|
Leases
are recognised as a ROU asset and a corresponding liability at the
date at which the leased asset is made available for use. Lease
payments are allocated between the liability and finance cost. The
finance cost is charged to profit or loss over the lease term so as
to produce a constant period rate of interest on the remaining
balance of the liability. The ROU asset is depreciated over the
shorter of the ROU asset’s useful economic life and the lease
term on a straight-line basis.
In
determining lease term, we consider all facts and circumstances
that create an economic incentive to exercise an extension option
or not exercise a termination option over the planning horizon of
five years.
In
general, it is not expected that the discount rate implicit in the
lease is available so the lessee’s incremental borrowing rate
is used. This is the rate that the lessee would have to pay to
borrow the funds necessary to obtain an asset of a similar value in
a similar economic environment with similar terms and conditions.
The rates are determined for each economic environment in which we
operate and for each term by adjusting swap rates with funding
spreads (own credit spread) and cross currency basis where
appropriate.
|
2
|
Dividends
|
Dividends
paid to shareholders of HSBC Holdings plc
|
|||||||||
|
Half-year
to
|
||||||||
|
30 Jun 2019
|
30 Jun 2018
|
31 Dec 2018
|
||||||
|
Per share
|
Total
|
Settled in scrip
|
Per
share
|
Total
|
Settled
in scrip
|
Per
share
|
Total
|
Settled
in scrip
|
|
$
|
$m
|
$m
|
$
|
$m
|
$m
|
$
|
$m
|
$m
|
Dividends paid on ordinary shares
|
|
|
|
|
|
|
|
|
|
In
respect of previous year:
|
|
|
|
|
|
|
|
|
|
–
fourth interim dividend
|
0.21
|
4,206
|
1,160
|
0.21
|
4,197
|
393
|
—
|
—
|
—
|
In
respect of current year:
|
|
|
|
|
|
|
|
|
|
–
first interim dividend1
|
—
|
—
|
—
|
0.10
|
2,008
|
213
|
—
|
—
|
—
|
–
second interim dividend
|
—
|
—
|
—
|
—
|
—
|
—
|
0.10
|
1,990
|
181
|
–
third interim dividend
|
—
|
—
|
—
|
—
|
—
|
—
|
0.10
|
1,992
|
707
|
Total
|
0.21
|
4,206
|
1,160
|
0.31
|
6,205
|
606
|
0.20
|
3,982
|
888
|
Total
dividends on preference shares classified as equity (paid
quarterly)
|
31.00
|
45
|
|
31.00
|
45
|
|
31.00
|
45
|
|
Total
coupons on capital securities classified as equity
|
|
664
|
|
|
654
|
|
|
616
|
|
Dividends to shareholders
|
|
4,915
|
|
|
6,904
|
|
|
4,643
|
|
3
|
Earnings per share
|
Profit
attributable to ordinary shareholders of the parent
company
|
|||
|
Half-year to
|
||
|
30 Jun
|
30
Jun
|
31
Dec
|
|
2019
|
2018
|
2018
|
|
$m
|
$m
|
$m
|
Profit
attributable to shareholders of the parent company
|
9,216
|
7,748
|
5,979
|
Dividend
payable on preference shares classified as equity
|
(45)
|
(45)
|
(45)
|
Coupon
payable on capital securities classified as equity
|
(664)
|
(530)
|
(499)
|
Profit attributable to ordinary shareholders of the parent
company
|
8,507
|
7,173
|
5,435
|
Basic
and diluted earnings per share
|
||||||||||
|
|
Half-year to
|
||||||||
|
|
30 Jun 2019
|
30 Jun 2018
|
31 Dec 2018
|
||||||
|
|
Profit
|
Numberof shares
|
Amount per share
|
Profit
|
Numberof
shares
|
Amount
per share
|
Profit
|
Numberof
shares
|
Amount
per share
|
|
Footnotes
|
$m
|
(millions)
|
$
|
$m
|
(millions)
|
$
|
$m
|
(millions)
|
$
|
Basic
|
1
|
8,507
|
20,124
|
0.42
|
7,173
|
19,998
|
0.36
|
5,435
|
19,786
|
0.27
|
Effect
of dilutive potential ordinary shares
|
|
|
65
|
|
|
86
|
|
|
83
|
|
Diluted
|
1
|
8,507
|
20,189
|
0.42
|
7,173
|
20,084
|
0.36
|
5,435
|
19,869
|
0.27
|
4
|
Change
in expected credit losses and other credit impairment
charges
|
|
Half-year to
|
||
|
30 Jun
|
30 Jun
|
31 Dec
|
|
2019
|
2018
|
2018
|
|
$m
|
$m
|
$m
|
Loans
and advances to banks and customers
|
1,180
|
508
|
1,388
|
–
new allowances net of allowance releases
|
1,381
|
769
|
1,535
|
–
recoveries of amounts previously written off
|
(201)
|
(261)
|
(147)
|
Loan
commitments and guarantees
|
(44)
|
(7)
|
4
|
Other
financial assets
|
9
|
(5)
|
(16)
|
Debt
instruments measured at fair value through other comprehensive
income
|
(5)
|
(89)
|
(16)
|
Change in expected credit losses and other credit impairment
charges
|
1,140
|
407
|
1,360
|
5
|
Adjusted balance sheet reconciliation
|
|
At
|
|||
|
30 Jun 2019
|
31 Dec 2018
|
||
|
Reported and adjusted
|
Adjusted
|
Currency
translation
|
Reported
|
|
$m
|
$m
|
$m
|
$m
|
Loans
and advances to customers (net)
|
1,021,632
|
983,101
|
(1,405)
|
981,696
|
Interests
in associates and joint ventures
|
23,892
|
22,442
|
(35)
|
22,407
|
Total
external assets
|
2,751,273
|
2,559,358
|
(1,234)
|
2,558,124
|
Customer
accounts
|
1,380,124
|
1,364,337
|
(1,694)
|
1,362,643
|
6
|
Reconciliation of reported and adjusted items
|
|
|
Half-year
to
|
||
|
|
30 Jun
|
30
Jun
|
31 Dec
|
|
|
2019
|
2018
|
2018
|
|
Footnotes
|
$m
|
$m
|
$m
|
Revenue
|
1
|
|
|
|
Reported
|
|
29,372
|
27,287
|
26,493
|
Currency
translation
|
|
|
(1,160)
|
(75)
|
Significant
items
|
|
(877)
|
254
|
(85)
|
–
customer redress programmes
|
|
—
|
(46)
|
(7)
|
–
disposals, acquisitions and investment in new
businesses
|
|
(827)
|
142
|
(29)
|
–
fair value movements on financial instruments
|
2
|
(50)
|
152
|
(52)
|
– currency translation on significant items
|
|
|
6
|
3
|
Adjusted
|
|
28,495
|
26,381
|
26,333
|
ECL
|
|
|
|
|
Reported
|
|
(1,140)
|
(407)
|
(1,360)
|
Currency translation
|
|
|
50
|
3
|
Adjusted
|
|
(1,140)
|
(357)
|
(1,357)
|
Operating expenses
|
|
|
|
|
Reported
|
|
(17,149)
|
(17,549)
|
(17,110)
|
Currency translation
|
|
|
770
|
72
|
Significant items
|
|
986
|
1,164
|
488
|
–
costs of structural reform
|
3
|
91
|
211
|
150
|
–
customer redress programmes
|
|
610
|
100
|
46
|
–
disposals, acquisitions and investment in new
businesses
|
|
—
|
3
|
49
|
–
past service costs of guaranteed minimum pension benefits
equalisation
|
|
—
|
—
|
228
|
–
restructuring and other related costs
|
|
287
|
24
|
42
|
–
settlements and provisions in connection with legal and
regulatory matters
|
|
(2)
|
841
|
(25)
|
– currency translation on significant items
|
|
|
(15)
|
(2)
|
Adjusted
|
|
(16,163)
|
(15,615)
|
(16,550)
|
Share of profit in associates and joint ventures
|
|
|
|
|
Reported
|
|
1,324
|
1,381
|
1,155
|
Currency translation
|
|
|
(67)
|
12
|
Adjusted
|
|
1,324
|
1,314
|
1,167
|
Profit before tax
|
|
|
|
|
Reported
|
|
12,407
|
10,712
|
9,178
|
Currency translation
|
|
|
(407)
|
12
|
Significant items
|
|
109
|
1,418
|
403
|
– revenue
|
|
(877)
|
254
|
(85)
|
– operating expenses
|
|
986
|
1,164
|
488
|
Adjusted
|
|
12,516
|
11,723
|
9,593
|
7
|
Contingent liabilities, contractual commitments and
guarantees
|
|
|
At
|
|
|
|
30 Jun
|
31 Dec
|
|
|
2019
|
2018
|
|
Footnotes
|
$m
|
$m
|
Guarantees
and contingent liabilities:
|
|
|
|
–
financial guarantees
|
|
21,290
|
23,518
|
– performance and other guarantees
|
|
74,614
|
71,484
|
–
other contingent liabilities
|
|
1,471
|
1,408
|
At
the end of the period
|
|
97,375
|
96,410
|
Commitments:
|
1
|
|
|
–
documentary credits and short-term trade-related
transactions
|
|
6,671
|
7,083
|
–
forward asset purchases and forward deposits placed
|
|
99,208
|
67,265
|
–
standby facilities, credit lines and other commitments to
lend
|
|
711,989
|
705,918
|
At
the end of the period
|
|
817,868
|
780,266
|
8
|
Legal proceedings and regulatory matters
|
9
|
Events after the balance sheet date
|
10
|
Capital structure
|
Capital
ratios
|
|
|
|
At
|
|
|
30 Jun
|
31
Dec
|
|
2019
|
2018
|
|
%
|
%
|
Transitional basis
|
|
|
Common
equity tier 1 ratio
|
14.3
|
14.0
|
Tier 1 ratio
|
17.2
|
17.0
|
Total capital ratio
|
20.1
|
20.0
|
End point basis
|
|
|
Common equity tier 1 ratio
|
14.3
|
14.0
|
Tier 1 ratio
|
16.9
|
16.6
|
Total capital ratio
|
18.7
|
19.4
|
Total
regulatory capital and risk-weighted assets
|
|
|
|
At
|
|
|
30 Jun
|
31
Dec
|
|
2019
|
2018
|
|
$m
|
$m
|
Transitional basis
|
|
|
Common
equity tier 1 capital
|
126,949
|
121,022
|
Additional
tier 1 capital
|
25,878
|
26,120
|
Tier 2
capital
|
25,432
|
26,096
|
Total
regulatory capital
|
178,259
|
173,238
|
Risk-weighted
assets
|
885,971
|
865,318
|
End point basis
|
|
|
Common equity tier 1 capital
|
126,949
|
121,022
|
Additional tier 1 capital
|
22,363
|
22,525
|
Tier 2 capital
|
16,107
|
24,511
|
Total regulatory capital
|
165,419
|
168,058
|
Risk-weighted assets
|
885,971
|
865,318
|
Leverage
ratio
|
|||
|
|
At
|
|
|
|
30 Jun
|
31
Dec
|
|
|
2019
|
2018
|
Ref*
|
|
$bn
|
$bn
|
20
|
Tier 1 capital
|
149.3
|
143.5
|
21
|
Total leverage ratio exposure
|
2,786.5
|
2,614.9
|
|
|
%
|
%
|
22
|
Leverage ratio
|
5.4
|
5.5
|
EU-23
|
Choice of transitional arrangements for the definition of the
capital measure
|
Fully phased-in
|
Fully
phased-in
|
|
UK
leverage ratio exposure – quarterly average1
|
2,550.1
|
2,464.4
|
|
|
%
|
%
|
|
UK leverage ratio – quarterly average
|
5.8
|
5.8
|
|
UK leverage ratio – quarter end
|
5.8
|
6.0
|
11
|
Statutory accounts
|
12
|
Dealings in HSBC Holdings plc listed securities
|
13
|
Proposed interim dividends for 2019
|
Interim
dividends for 2019 not yet declared
|
|||
|
Footnotes
|
Third interimdividend for 2019
|
Fourth interimdividend for 2019
|
Announcement
|
|
2 Oct 2019
|
18 Feb 2020
|
Shares
quoted ex-dividend in London, Hong Kong, New York, Paris and
Bermuda
|
|
10 Oct 2019
|
27 Feb 2020
|
Record date in London, Hong Kong, New York, Paris and
Bermuda
|
1
|
11 Oct 2019
|
28 Feb 2020
|
Payment
date
|
|
20 Nov 2019
|
14 Apr 2020
|
14
|
Earnings release and final results
|
15
|
Corporate governance
|
16
|
Interim Report 2019
|
17
|
For further information contact:
|
Media Relations
Heidi
Ashley
Telephone:
+44 (0)20 7992 2045
|
Investor Relations
United
Kingdom
Richard
O’Connor
Telephone:
+44 (0)20 7991 6590
|
Patrick
Humphris
Telephone:
+852 2822 2052
Robert
Sherman
Telephone:
+1 212 525 6901
|
Hong
Kong
Hugh
Pye
Telephone:
+852 2822 4908
|
HSBC
Holdings plc
|
|
|
|
|
By:
|
|
Name:
Ben J S Mathews
|
|
Title:
Group Company Secretary
|
|
|
|
Date:
05 August
2019
|