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RSS FeedsHSBC Holdings plc - Presentation to investors and analysts
(WorldNews Africa)

 
 

3 august 2020 11:53:17

 
HSBC Holdings plc - Presentation to investors and analysts
(WorldNews Africa)
 


HSBC Holdings plc 2Q20 Results Presentation to Investors and Analysts Noel Quinn Group Chief Executive Strategy 2Q20 results Appendix Highlights Resilient Asia and strong Global Markets performance; 1H20 profits challenged in Europe, the US and the 1 NRFB due to high ECL. Reported 2Q20 PBT of $1.1bn, down 82% vs. 2Q19; adjusted PBT of $2.6bn down 57% 2 3 4 2Q20 ECL of $3.8bn, primarily reflecting forward economic guidance updates, particularly in the UK Good cost control and discipline, 2Q20 adjusted costs of $7.3bn down 7% vs. 2Q19 Strong funding, liquidity and capital; adjusted deposit growth of $85bn vs. 1Q20, CET1 ratio1 of 15.0% 5 We are implementing the 2020 - 2022 plan at pace;...


 
52 viewsCategory: General > Africa
 
HSBC Holdings plc - 2Q 2020 Data Pack
(WorldNews Africa)
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