The Hongkong and Shanghai Banking Corporation 2014 Interim Consolidated Results - highlights

  • Profit before tax down 38% to HK$59,096m (HK$95,550m in the first half of 2013)
  • Attributable profit down 42% to HK$46,667m (HK$80,511m in the first half of 2013)
  • Return on average shareholders’ equity of 19.5% (35.5% in the first half of 2013)
  • Total assets increased by 5% to HK$6,766bn (HK$6,439bn at the end of 2013)
  • Common equity tier 1 ratio of 13.5% (14.1% at the end of 2013), total capital ratio of 15.2% (15.2% at the end of 2013)
  • Cost efficiency ratio of 40.3% (27.1% for the first half of 2013)

Reported results in the first half of 2013 included a net gain of HK$30,747m on the disposal of our shareholding in Ping An Insurance (Group) Company of China Limited and a gain on the reclassification of Industrial Bank Co., Limited of HK$8,454m before tax (HK$5,914m attributable profit). Excluding these two gains:

  • Return on average shareholders’ equity of 19.3% for the first half of 2013
  • Cost efficiency ratio of 39.9% for the first half of 2013


This document is issued by The Hongkong and Shanghai Banking Corporation Limited (‘the Bank’) and its subsidiaries (together ‘the group’). References to ‘HSBC’, ‘the Group’ or ‘the HSBC Group’ within this document mean HSBC Holdings plc together with its subsidiaries. Within this document the Hong Kong Special Administrative Region of the People’s Republic of China is referred to as ‘Hong Kong’. The abbreviations ‘HK$m’ and ‘HK$bn’ represent millions and billions (thousands of millions) of Hong Kong dollars respectively.

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