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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Hsbc Holdings, Plc. Perpetual Sub Cap Secs | NYSE:HCS | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.80 | 0.00 | 01:00:00 |
|
·
Profit before income tax expense was C$251m for the quarter ended 30 September 2013, an increase of 3% compared with the same period in 2012. Profit before income tax expense was C$702m for the nine months ended 30 September 2013, a decrease of 13% compared with the same period in 2012.
|
|
·
Profit attributable to common shareholders was C$168m for the quarter ended 30 September 2013, an increase of 4% compared with the same period in 2012. Profit attributable to common shareholders was C$452m for the nine months ended 30 September 2013, a decrease of 17% compared with the same period in 2012.
|
|
·
Return on average common equity was 16% for the quarter ended 30 September 2013 and 14.3% for the nine months ended 30 September 2013 compared with 15.7% and 17.9% respectively for the same periods in 2012.
|
|
·
The cost efficiency ratio was 51.9% for the quarter ended 30 September 2013 and 48.9% for the nine months ended 30 September 2013 compared with 45.1% and 47.2% respectively for the same periods in 2012.
|
|
·
Total assets were C$85.6bn at 30 September 2013 compared with C$84.5bn at 30 September 2012.
|
|
·
Total assets under administration increased to C$20.9bn at 30 September 2013 from C$19bn at 30 September 2012.
|
|
·
Common equity tier 1 capital ratio was 11.1%, tier 1 ratio 14.1% and the total capital ratio 16% at 30 September 2013 determined using regulatory guidelines in accordance with the Basel III capital adequacy framework adopted with effect from 1 January 2013.
|
|
|
|
|
|
|
Media enquiries to:
|
Sharon Wilks
|
416-868-3878
|
Aurora Bonin
|
604-641-1905
|
Quarter ended
|
Nine months ended
|
||||||||
30 September
2013
|
30 September
2012
|
30 June
2013
|
30 September 2013
|
30 September 2012
|
|||||
For the period
(C$m)
|
|||||||||
Profit before income tax expense
|
251
|
244
|
182
|
702
|
811
|
||||
Net operating income before loan impairment charges and other credit risk provisions
|
522
|
572
|
531
|
1,637
|
1,867
|
||||
Profit attributable to common shareholders
|
168
|
162
|
113
|
452
|
547
|
||||
At period-end
(C$m)
|
|||||||||
Shareholders' equity
|
5,187
|
5,134
|
5,074
|
||||||
Loan and advances to customers (net of impairment allowances)
|
46,722
|
46,309
|
44,946
|
||||||
Customer accounts
|
51,227
|
47,713
|
49,505
|
||||||
Capital measures
1
|
|||||||||
Common equity tier 1 capital ratio (%)
|
11.1
|
n/a
|
10.8
|
||||||
Tier 1 ratio (%)
|
14.1
|
13.5
|
13.6
|
||||||
Total capital ratio (%)
|
16.0
|
15.8
|
15.5
|
||||||
Assets-to-capital multiple
|
14.5
|
13.6
|
14.5
|
||||||
Risk-weighted assets (C$m)
|
36,281
|
36,818
|
36,467
|
||||||
Performance ratios (%)
2
|
|||||||||
Return on average common equity
|
16.0
|
15.7
|
10.6
|
14.3
|
17.9
|
||||
Post-tax return on average total assets
|
0.78
|
0.77
|
0.53
|
0.71
|
0.88
|
||||
Post-tax return on average risk-weighted assets
1
|
1.8
|
1.8
|
1.3
|
1.7
|
2.0
|
||||
Credit coverage ratios (%)
|
|||||||||
Loan impairment charges as a percentage of total operating income
|
1.7
|
12.4
|
15.8
|
9.1
|
9.5
|
||||
Loan impairment charges as a percentage of average gross customer advances and acceptances
|
0.1
|
0.5
|
0.7
|
0.4
|
0.5
|
||||
Total impairment allowances outstanding as a percentage of impaired loans and acceptances at the period end
|
61.2
|
50.9
|
58.4
|
61.2
|
50.9
|
||||
Efficiency and revenue mix ratios (%)
2
|
|||||||||
Cost efficiency ratio
|
51.9
|
45.1
|
50.1
|
48.9
|
47.2
|
||||
Adjusted cost efficiency ratio
|
51.9
|
44.5
|
50.1
|
48.8
|
46.5
|
||||
As a percentage of total operating income:
|
|||||||||
- net interest income
|
61.1
|
62.4
|
64.0
|
60.8
|
60.4
|
||||
- net fee income
|
29.1
|
27.4
|
29.0
|
27.6
|
23.9
|
||||
- net trading income
|
8.0
|
8.4
|
8.5
|
8.8
|
7.2
|
||||
Financial ratios (%)
2
|
|||||||||
Ratio of customer advances to customer accounts
|
91.2
|
97.1
|
90.8
|
||||||
Average total shareholders' equity to average total assets
|
6.0
|
6.0
|
6.0
|
||||||
Total assets under administration (C$m)
2
|
|||||||||
Funds under management
|
19,747
|
18,097
|
19,220
|
||||||
Custodial accounts
|
1,142
|
854
|
1,106
|
||||||
Total assets under administration
|
20,889
|
18,951
|
20,326
|
|
1
Effective 1 January 2013, regulatory information is determined using regulatory guidelines in accordance with the Basel III capital adequacy framework. Comparative regulatory information for 2012 periods, were not restated and are determined using regulatory guidelines in accordance with the Basel II capital adequacy framework.
|
|
2
Refer to the 'Use of non-IFRS financial measures' section of this document for a discussion of non-IFRS financial measures.
|
Figures in C$m
|
Quarter ended
|
Nine months ended
|
|||||||
(except per share amounts)
|
30 September
2013
|
30 September
2012
|
30 June
2013
|
30 September
2013
|
30 September
2012
|
||||
Interest income
|
511
|
551
|
534
|
1,562
|
1,702
|
||||
Interest expense
|
(192)
|
(194)
|
(194)
|
(567)
|
(575)
|
||||
Net interest income
|
319
|
357
|
340
|
995
|
1,127
|
||||
Fee income
|
174
|
175
|
181
|
521
|
511
|
||||
Fee expense
|
(22)
|
(18)
|
(27)
|
(69)
|
(64)
|
||||
Net fee income
|
152
|
157
|
154
|
452
|
447
|
||||
Trading income excluding net interest income
|
31
|
38
|
33
|
111
|
109
|
||||
Net interest income on trading activities
|
11
|
10
|
12
|
33
|
26
|
||||
Net trading income
|
42
|
48
|
45
|
144
|
135
|
||||
Net expense from financial instruments designated at fair value
|
-
|
(8)
|
-
|
(3)
|
(24)
|
||||
Gains less losses from financial investments
|
2
|
3
|
15
|
52
|
48
|
||||
Other operating income/(expense)
|
7
|
15
|
(23)
|
(3)
|
50
|
||||
Gain on the sale of the full service retail brokerage business
|
-
|
-
|
-
|
-
|
84
|
||||
Net operating income before loan impairment charges and other credit risk provisions
|
522
|
572
|
531
|
1,637
|
1,867
|
||||
Loan impairment charges and other credit risk provisions
|
(9)
|
(71)
|
(84)
|
(149)
|
(178)
|
||||
Net operating income
|
513
|
501
|
447
|
1,488
|
1,689
|
||||
Employee compensation and benefits
|
(154)
|
(149)
|
(158)
|
(468)
|
(507)
|
||||
General and administrative expenses
|
(105)
|
(96)
|
(96)
|
(296)
|
(300)
|
||||
Depreciation of property, plant and equipment
|
(8)
|
(10)
|
(8)
|
(25)
|
(27)
|
||||
Amortization of intangible assets
|
(4)
|
(3)
|
(4)
|
(11)
|
(11)
|
||||
Restructuring charges
|
-
|
-
|
-
|
-
|
(36)
|
||||
Total operating expenses
|
(271)
|
(258)
|
(266)
|
(800)
|
(881)
|
||||
Operating profit
|
242
|
243
|
181
|
688
|
808
|
||||
Share of profit in associates
|
9
|
1
|
1
|
14
|
3
|
||||
Profit before income tax expense
|
251
|
244
|
182
|
702
|
811
|
||||
Income tax expense
|
(65)
|
(64)
|
(52)
|
(197)
|
(211)
|
||||
Profit for the period
|
186
|
180
|
130
|
505
|
600
|
||||
Profit attributable to common shareholders
|
168
|
162
|
113
|
452
|
547
|
||||
Profit attributable to preferred shareholders
|
15
|
15
|
15
|
45
|
45
|
||||
Profit attributable to shareholders
|
183
|
177
|
128
|
497
|
592
|
||||
Profit attributable to non-controlling interests
|
3
|
3
|
2
|
8
|
8
|
||||
Average number of common shares outstanding (000's)
|
498,668
|
498,668
|
498,668
|
498,668
|
498,668
|
||||
Basic earnings per common share
|
0.34
|
0.33
|
0.23
|
0.91
|
1.10
|
Figures in C$m
|
At 30 September
2013
|
At 30 September
2012
|
At 31 December
2012
|
||
ASSETS
|
|||||
Cash and balances at central bank
|
59
|
62
|
56
|
||
Items in the course of collection from other banks
|
122
|
123
|
90
|
||
Trading assets
|
7,446
|
6,610
|
5,272
|
||
Derivatives
|
1,616
|
2,042
|
1,810
|
||
Loans and advances to banks
|
2,581
|
1,627
|
1,480
|
||
Loans and advances to customers
|
46,722
|
46,309
|
45,572
|
||
Financial investments
|
21,178
|
21,571
|
20,410
|
||
Other assets
|
434
|
620
|
911
|
||
Prepayments and accrued income
|
227
|
262
|
165
|
||
Customers' liability under acceptances
|
5,007
|
5,040
|
4,737
|
||
Property, plant and equipment
|
133
|
130
|
140
|
||
Goodwill and intangibles assets
|
69
|
75
|
71
|
||
Total assets
|
85,594
|
84,471
|
80,714
|
||
LIABILITIES AND EQUITY
|
|||||
Liabilities
|
|||||
Deposits by banks
|
1,952
|
2,359
|
2,173
|
||
Customer accounts
|
51,227
|
47,713
|
48,304
|
||
Items in the course of transmission to other banks
|
86
|
340
|
71
|
||
Trading liabilities
|
4,420
|
3,588
|
2,672
|
||
Financial liabilities designated at fair value
|
427
|
999
|
436
|
||
Derivatives
|
1,306
|
1,628
|
1,415
|
||
Debt securities in issue
|
12,387
|
14,063
|
11,980
|
||
Other liabilities
|
2,251
|
2,115
|
2,389
|
||
Acceptances
|
5,007
|
5,040
|
4,737
|
||
Accruals and deferred income
|
529
|
591
|
528
|
||
Retirement benefit liabilities
|
258
|
348
|
309
|
||
Subordinated liabilities
|
327
|
323
|
324
|
||
Total liabilities
|
80,177
|
79,107
|
75,338
|
||
Equity
|
|||||
Preferred shares
|
946
|
946
|
946
|
||
Common shares
|
1,225
|
1,225
|
1,225
|
||
Other reserves
|
113
|
346
|
281
|
||
Retained earnings
|
2,903
|
2,617
|
2,694
|
||
Total shareholders' equity
|
5,187
|
5,134
|
5,146
|
||
Non-controlling interests
|
230
|
230
|
230
|
||
Total equity
|
5,417
|
5,364
|
5,376
|
||
Total equity and liabilities
|
85,594
|
84,471
|
80,714
|
Figures in C$m
|
Quarter ended
|
Nine months ended
|
|||||||
30 September
2013
|
30 September
2012
|
30 June
2013
|
30 September
2013
|
30 September
2012
|
|||||
Cash flows generated from/(used in):
|
|||||||||
- operating activities
|
82
|
1,399
|
1,786
|
2,755
|
(191)
|
||||
- investing activities
|
(976)
|
(1,470)
|
33
|
(517)
|
(2,557)
|
||||
- financing activities
|
(108)
|
(102)
|
(107)
|
(323)
|
(302)
|
||||
Net increase/(decrease) in cash and cash equivalents
|
(1,002)
|
(173)
|
1,712
|
1,915
|
(3,050)
|
||||
Cash and cash equivalents, beginning of period
|
4,670
|
2,000
|
2,958
|
1,753
|
4,877
|
||||
Cash and cash equivalents, end of period
|
3,668
|
1,827
|
4,670
|
3,668
|
1,827
|
||||
Represented by:
|
|||||||||
- Cash and balances at central bank
|
59
|
62
|
66
|
59
|
62
|
||||
- Items in the course of transmission from/(to) other banks, net
|
36
|
(217)
|
(39)
|
36
|
(217)
|
||||
- Loans and advances to banks of one month or less
|
2,581
|
1,627
|
3,656
|
2,581
|
1,627
|
||||
- Treasury bills and certificates of deposits of three months or less
|
992
|
355
|
987
|
992
|
355
|
||||
Cash and cash equivalents, end of period
|
3,668
|
1,827
|
4,670
|
3,668
|
1,827
|
Figures in C$m
|
Quarter ended
|
Nine months ended
|
|||||||
30 September
2013
|
30 September
2012
|
30 June
2013
|
30 September
2013
|
30 September
2012
|
|||||
Commercial Banking
|
|||||||||
Net interest income
|
169
|
175
|
171
|
501
|
532
|
||||
Net fee income
|
75
|
78
|
77
|
227
|
221
|
||||
Net trading income
|
6
|
9
|
8
|
22
|
25
|
||||
Other operating income/(expense)
|
(3)
|
3
|
(35)
|
(36)
|
15
|
||||
Net operating income before loan impairment charges and other credit risk provisions
|
247
|
265
|
221
|
714
|
793
|
||||
Loan impairment (charges)/reversals and other credit risk provisions
|
5
|
(36)
|
(61)
|
(95)
|
(73)
|
||||
Net operating income
|
252
|
229
|
160
|
619
|
720
|
||||
Total operating expenses
|
(94)
|
(86)
|
(91)
|
(273)
|
(274)
|
||||
Operating profit
|
158
|
143
|
69
|
346
|
446
|
||||
Share of profit in associates
|
9
|
1
|
1
|
14
|
3
|
||||
Profit before income tax expense
|
167
|
144
|
70
|
360
|
449
|
Global Banking and Markets
|
|||||||||
Net interest income
|
37
|
41
|
40
|
119
|
127
|
||||
Net fee income
|
22
|
25
|
20
|
60
|
63
|
||||
Net trading income
|
25
|
28
|
24
|
86
|
78
|
||||
Gains less losses from financial investments
|
2
|
3
|
13
|
48
|
48
|
||||
Other operating income/(expense)
|
(1)
|
-
|
1
|
-
|
1
|
||||
Gain on the sale of the full service retail brokerage business
|
-
|
-
|
-
|
-
|
8
|
||||
Net operating income before loan impairment charges and other credit risk provisions
|
85
|
97
|
98
|
313
|
325
|
||||
Loan impairment charges and other credit risk provisions
|
(1)
|
-
|
(2)
|
(1)
|
-
|
||||
Net operating income
|
84
|
97
|
96
|
312
|
325
|
||||
Total operating expenses
|
(29)
|
(27)
|
(29)
|
(87)
|
(85)
|
||||
Profit before income tax expense
|
55
|
70
|
67
|
225
|
240
|
Retail Banking and Wealth Management
|
|||||||||
Net interest income
|
85
|
85
|
86
|
260
|
282
|
||||
Net fee income
|
45
|
42
|
48
|
136
|
128
|
||||
Net trading income
|
4
|
3
|
7
|
15
|
9
|
||||
Other operating income
|
2
|
3
|
2
|
7
|
8
|
||||
Gain on the sale of the full service retail brokerage business
|
-
|
-
|
-
|
-
|
76
|
||||
Net operating income before loan impairment charges and other credit risk provisions
|
136
|
133
|
143
|
418
|
503
|
||||
Loan impairment charges and other credit risk provisions
|
(5)
|
(7)
|
(7)
|
(19)
|
(20)
|
||||
Net operating income
|
131
|
126
|
136
|
399
|
483
|
||||
Total operating expenses (excluding restructuring charges)
|
(119)
|
(113)
|
(118)
|
(355)
|
(370)
|
||||
Restructuring charges
|
-
|
-
|
-
|
-
|
(2)
|
||||
Profit before income tax expense
|
12
|
13
|
18
|
44
|
111
|
Figures in C$m
|
Quarter ended
|
Nine months ended
|
|||||||
30 September
2013
|
30 September
2012
|
30 June
2013
|
30 September
2013
|
30 September
2012
|
|||||
Consumer Finance
|
|||||||||
Net interest income
|
35
|
64
|
49
|
136
|
209
|
||||
Net fee income
|
10
|
12
|
9
|
29
|
35
|
||||
Gains less losses from financial investments
|
-
|
-
|
2
|
4
|
-
|
||||
Other operating income
|
1
|
1
|
1
|
3
|
3
|
||||
Net operating income before loan impairment charges and other credit risk provisions
|
46
|
77
|
61
|
172
|
247
|
||||
Loan impairment charges and other credit risk provisions
|
(8)
|
(28)
|
(14)
|
(34)
|
(85)
|
||||
Net operating income
|
38
|
49
|
47
|
138
|
162
|
||||
Total operating expenses (excluding restructuring charges)
|
(19)
|
(21)
|
(20)
|
(57)
|
(81)
|
||||
Restructuring charges
|
-
|
-
|
-
|
-
|
(34)
|
||||
Profit before income tax expense
|
19
|
28
|
27
|
81
|
47
|
Other
|
|||||||||
Net interest expense
|
(7)
|
(8)
|
(6)
|
(21)
|
(23)
|
||||
Net trading income
|
7
|
8
|
6
|
21
|
23
|
||||
Net expense from financial instruments designated at fair value
|
-
|
(8)
|
-
|
(3)
|
(24)
|
||||
Other operating income
|
8
|
8
|
8
|
23
|
23
|
||||
Net operating income/(expense)
|
8
|
-
|
8
|
20
|
(1)
|
||||
Total operating expenses
|
(10)
|
(11)
|
(8)
|
(28)
|
(35)
|
||||
Loss before income tax expense
|
(2)
|
(11)
|
-
|
(8)
|
(36)
|
1 Year Hsbc Holdings, Plc. Perpetual Sub Cap Secs Chart |
1 Month Hsbc Holdings, Plc. Perpetual Sub Cap Secs Chart |
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