HSBC – HIGHLIGHTS OF INTERIM RESULTS FOR 2018

Hamilton, Bermuda — August 6, 2018 – In a filing with the Bermuda Stock Exchange (“BSX”), HSBC Holdings plc (Ticker: HSBC BH) released highlights of their interim results.  The full filing stated:

2018 INTERIM RESULTS – HIGHLIGHTS

Financial Performance

·          Reported revenue of $27.3bn was 4% higher, with growth in all of our global businesses. This was mainly driven by higherdeposit margins and balance growth in RBWM, and GLCM growth within CMB, mainly in Hong Kong, as well as the favourable effects of currency translation. These increases were partly offset by lower revenue in Corporate Centre. Adjusted revenue of $27.5bn was 2% higher, excluding the effects of currency translation and movements in significant items.

·          Reported operating expenses of $17.5bn were 7% higher, primarily reflecting investments to grow the business, mainly inRBWM and GB&M, and continued investment in digital across all our global businesses. Adjusted operating expenses of $16.4bn were 8% higher, excluding the effects of currency translation and movements in significant items.

·          Reported profit before tax of $10.7bn was 5% higher, reflecting a net favourable movement in significant items and favourablecurrency translation. Adjusted profit before tax of $12.1bn was 2% lower, as revenue growth and lower expected credit losses were partly offset by higher operating expenses.

·          Lending growth in 1H18 was $43bn, increasing net loans and advances to customers by 5% since 1 January 2018.

·          Strong capital base with a common equity tier 1 (‘CET1’) ratio of 14.2% and a CRD IV leverage ratio of 5.4%.

The full release can be found by using the following link:

www.bsx.com/CompanyDocuments/1077223879/180806-interim-results-2018-media-release.pdf