This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
HSBC HOLDINGS PLC ANNUAL RESULTS 2015
Hamilton, Bermuda: 22 February 2016 - In a filing with the Bermuda Stock Exchange (“BSX”), HSBC Holdings plc (Ticker: HSBC.BH), announced their Annual Results 2015. The filing stated:
· Reported PBT up 1% in 2015 at $18,867m, compared with $18,680m in 2014. This primarily reflected a favourable movement
in significant items.
· Adjusted PBT down 7% at $20,418m, compared with $21,976m in 2014.
· Adjusted revenue up 1% at $57,765m, compared with $57,227m in 2014. The increase was mainly in client-facing GB&M (7%),
CMB (3%) and Principal RBWM (2%).
· Adjusted loan impairment charges up 17% at $3,721m, compared with $3,168m in 2014. The increases were across a number
of countries, reflective of local themes and characteristics.
· Adjusted operating expenses up 5% at $36,182m reflecting wage inflation, business growth and investment in regulatory
programmes and compliance. Excluding the UK bank levy, adjusted operating expenses in the second half of 2015 were broadly
in line with the first half of the year reflecting strong cost management and the initial effect of our cost saving programmes.
· Return on equity of 7.2%, compared with 7.3% in 2014.
· Earnings per share and dividends per ordinary share in respect of the year were $0.65 and $0.51, respectively, compared with
$0.69 and $0.50 for 2014.
· Strong capital base with a CRD IV end point CET1 capital ratio of 11.9% at 31 December 2015, up from 11.1% at 31 December
2014.
· Leverage ratio remained strong at 5.0%.
· Clearly defined actions to capture value from our network and connecting our customers to opportunities.
– Progress on reducing Group RWAs with a $124bn reduction or 45% of our 2017 target achieved.
– Signed agreement to sell operations in Brazil.
– Revenue from transaction banking products up 4% highlighting value and potential of our international network.
– Development of Asia Business gaining momentum. Revenue growth in excess of GDP in majority of Asian markets.
Stuart Gulliver, Group Chief Executive said:
‘Targeted investment, prudent lending and our diversified, universal banking business model helped us achieve revenue growth in a
difficult market environment, whilst also reducing risk-weighted assets. Strict cost management slowed cost growth and our
cautious approach to credit helped keep loan impairment charges low. We made a good start in implementing the plans that we
announced at our Investor Update in June. Delivering against these plans remains our primary focus.’
The complete press release can be found using the following link: