Who we are
Our ambition is to become the most trusted bank globally, putting customers at the heart of everything we do. This refreshed ambition will help us focus on generating strategic growth and attractive shareholder returns. Our strengths include our unique deposit franchise, our market-leading Wholesale Transaction Banking capabilities, and our scale in Wealth, with particular focus on Asia and the Middle East.
Simple, more agile, focused
In 2025, we introduced a simplified organisational structure to help accelerate our strategic execution. This will:
- Allow us to focus on increasing leadership and market share where we have a competitive advantage and the greatest opportunities to grow
- Enable us to deliver best-in-class products and service excellence to our customers
- Facilitate a simpler, more dynamic, agile organisation with clarity of accountability and faster decision-making
By focusing on strategic growth opportunities in our areas of core competitive advantage, we aim to generate a mid-teens return on average tangible equity in 2025, 2026 and 2027, excluding notable items.
Our two home markets
UK
Top 3 franchise with >$360bn in customer deposits.
Hong Kong
We have the leading banking franchise in Hong Kong, with >$515bn in customer deposits and market leadership in a number of product areas.
Our international network businesses
Corporate and Institutional Banking
A market leader in cross-border transaction banking and capital markets, with >$565bn in customer deposits.
International Wealth and Premier Banking
Premier banking outside of Hong Kong and the UK, our Private Bank, Asset Management and Insurance businesses, with >$275bn in customer deposits.
Organisational simplification
- Committed to deliver around $1.5bn of simplification-related cost savings to the bottom line by year-end 2026 (annualised)
- Over the medium term, we aim to re-deploy around $1.5bn of costs from non-strategic or low-returning activities to opportunities where we have clear competitive advantages and generate accretive returns
- Creating investment capacity for our priority growth areas
Hallmark financial strength
Recurring, predictable revenue streams
- 90% of revenue is from Banking NII, Wholesale Transaction Banking and Wealth
- Unique deposit franchise – our $1.7 trillion deposit base drives the lion’s share of our Banking NII
- We expect to grow Wealth fee and other income by a double digit % CAGR in the medium term
Strong liquidity position
- 57% loan to deposit ratio
- We have a surplus of deposits in each of our major functional currencies and our major operating entities
Capital discipline
- 14.6% CET1 ratio
- Dividend payout ratio of 50% of EPS excluding material notable items for 2025
- Through share buybacks, we have repurchased 13% of our issued share count since 1Q23
Unless otherwise stated, financial information is as of 30 June 2025.
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3Q 2025 Earnings Release
HSBC Holdings plc will announce its 3Q 2025 Earnings Release on Tuesday, 28 October at 4 am GMT / 12 pm HKT. Get the Zoom meeting details, and view our reporting archives.