Investor Presentaiton
Hong Kong
1H23 financial performance
$m
1H23 1H22
NII
4,955
3,036
Non-NII
Revenue
A
63%
5,298 3,230 ▲ 64%
10,253 6,266
64%
ECL
(494) (418)
(18)%
Costs
(3,750)
(3,642)
Associates
16
PBT
6,025
(1)
2,207
(3)%
> 100%
>100%
Balance sheet, $bn
544
540
530
Strategy
2023 results
Appendix
♦ Revenue up 64% vs. 1H22. Non-NII
up $2.1bn, including $1.9bn offset
into non-NII from the central costs of
funding GBM trading activity and
higher life insurance manufacturing
revenue
Muted balance sheet in context of
higher USD rates; customer lending
down $4bn vs. $4Q22 (WPB up
$2bn, wholesale down $5bn),
customer deposits down $10bn
#1 retail NPS amongst
major banks42
c.2x new-to-bank non-
resident Chinese
onboarding vs. 201944
D
#1 in card spend;
market share 48.4%, up
1.4ppts vs. 402243
ANP share 19.1%; NBP
share of 30.5%45
#1 in trade finance;
22.3% market share46
310
293
289
2022
Customer loans
Time deposits as a % of customer accounts
134
35
33
4022
2023
179
18
22
22
25
25
27
HE
Customer accounts
2022
HSBC Hong Kong
4022
1023
2Q23
Hang Seng Bank
Total
◆ CASAS are 73% of customer accounts
◆ Time deposits are 27% of customer accounts,
up 2ppts vs. 1023
Compared to 1Q23, HSBC Hong Kong up
3ppts; Hang Seng Bank down 2ppts
Time deposits represent 54% of system deposits,
up 16ppts vs. May-2246
41View entire presentation