Investor Presentaiton
Hong Kong business performance
FY22 financial performance
$m
FY22 FY21
Δ
NII
9,928 7,216
Non-NII
6,390
Revenue
16,318
7,204
14,420
38%
(11)%
13%
o/w: market
(1,066)
237
n.m.
impacts
ECL
(1,680)
(605)
>(100)%
Costs
(7,882)
(7,676)
(3)%
Associates
5
16
(69)%
PBT
6,761
6,155
10%
Strategy
4022 results
Appendix
Rising interest rates and market share gains
drove PBT of $6.8bn, up $0.6bn (10%) vs. FY21
◆ Strong 4022 performance: revenue $5.1bn,
PBT $2.3bn
ECL up, largely due to offshore mainland China
CRE exposures booked on Hong Kong balance
sheets
Customer lending down 5% vs. FY21 due to
subdued loan demand in 2H22
Customer accounts down 1% vs. FY21
Time deposits as a % of customer accounts*
4
#1 retail NPS amongst major bank74
#1 in card spend; market share 49%75
#1 in trade finance; 23.3% market
share76
#1 in life insurance ANP; market share
24.7%13
Balance sheet, $bn
312
550
40%
543
30%
296
20%
34%
22%
18%
10%
FY21
FY22
0%
Customer loans
Customer accounts
FY20
FY21
FY22
HSBC Hong Kong
-
Hang Seng Bank
- Total 77
*As at the end of the period
CASAS are 78% of customer accounts
Time deposits are 22% of customer accounts,
up 16ppts vs. FY21 due to greater spread
between CASA and TMD pricing
◆ HSBC Hong Kong up 13ppts; Hang Seng Bank
up 22ppts
Time deposits represent c.50% of system deposits
(up 15ppts YoY) 78
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