HSBC Results Presentation Deck
Global Banking and Markets
4021 financial highlights
Revenue
ECL
Costs
PBT
ROTE 49
3,486
25
1,558
Revenue performance, $m
1,903
4Q20
4,201
159
1,598
2,444
1Q21
$3.5bn
$(0.2)bn
$(2.7)bn
$0.6bn
8.6%
MSS
1%
3,496
1,627
1,899
(30)
2Q21
Banking
1%
(4020: $3.5bn)
>(100)%
(4020: $0.0bn)
(9)%
(4020: $(2.5)bn)
(41)%
(4020: $1.0bn)
Other
1.9ppt
(FY20: 6.7%)
3,557
1,641
1,963
(47)
3Q21
(1)%
3,520
1,660
1,871
(11)
4Q21
View of adjusted revenue
$m
MSS
Securities Services
Global Debt Markets
Global FX
Equities
Securities Financing
XVAS
Banking
GTRF
GLCM
Credit & Lending
Capital Markets &
Advisory
Other
GBM Other
Principal Investments
Other
Net operating income
Adjusted RWAs 56, $bn
(10)%
୮ T
249
261
4Q20
4021 A4020
1,871 (2)%
471
9%
1 (99)%
903
11%
234 (21)%
218 25%
44 (38)%
1,660 7%
6%
176
481
5%
657
1%
309
23 %
12%
37
(11)>(100)%
53 (26)%
(64) (36)%
3,520 1%
3Q21
(5)%
236
4Q21
●
●
4Q21 vs. 4Q20
◆ Revenue higher by $34m (1%):
Global FX and Securities Financing grew revenue from a
recovery in FX Options and improved financing opportunities
●
Strategy
●
4021 results
Appendix
Securities Services continued to grow fees from client and
market growth, with record assets under custody and
administration of $10tn
Global Debt Markets adversely impacted by market conditions
and subdued client activity
Equities lower against elevated activity in 4020
Banking Capital Markets & Advisory up 23% from elevated
financing activity and strong Advisory performance
Banking Credit & Lending impacted by strategic actions taken to
reduce RWAS
◆ Costs up $217m (9%), including $159m from a first-time
allocation of the UK bank levy
◆We continue to reduce RWAS in line with our strategic
objectives; we have now achieved cumulative gross RWA
reductions of $77bn as part of our transformation programme
4021 vs. 3Q21
◆ Revenue lower by $37m (1%):
MSS down 5%, primarily from Global Debt Markets and
Equities, offset by growth in Global FX
Banking stable, with continued strong performance in Capital
Markets and Advisory
39View entire presentation