但生银行 HANG SENG BANK 1H25 results presentation 30 Jul 2025 1. A customer is classified as Mainlander (onshore or offshore) at account opening if they declare one of the following: 1) holding a PRC ID or China passport; OR being of Chinese nationality and residing in HK temporarily (e.g. student visa, work visa); OR being of Chinese nationality and having mandarin as their preferred language 2. Southbound loans refers to average customer loans booked in HK that originate from mainland China-based customers ▪ ...

Core Viewpoint - HSBC Holdings reported a significant decline in pre-tax profit for Q1 2025, primarily due to falling revenues and increased expected credit losses [1][2]. Financial Performance - Pre-tax profit for Q1 2025 was $9.48 billion, a decrease of 25% from the same quarter last year [1]. - Total revenues fell to $17.65 billion, down 15% year over year, mainly due to lower net interest income and other operating income [2]. - Operating expenses slightly decreased to $8.1 billion [2]. - Expected credit losses (ECL) amounted to $876 million, reflecting a year-over-year increase of 21.7% [2]. Capital Ratios - The common equity tier 1 (CET1) ratio as of March 31, 2025, was 14.7%, down from 15.2% a year earlier [2]. - The leverage ratio decreased to 5.4% from 5.7% in the prior-year quarter [2]. Business Line Performance - The Hong Kong Business segment reported a pre-tax profit of $2.54 billion, up 9.8% year over year, driven by increased total revenues [3]. - The UK Business segment's pre-tax profit was $1.55 billion, down 6.3% from the previous year, impacted by higher ECL charges and increased expenses [3]. - Corporate and Institutional Banking saw a pre-tax profit of $3.52 billion, an increase of 10.9% year over year, attributed to higher total revenues and lower ECL charges [4]. - International Wealth and Premier Banking reported a pre-tax profit of $1.19 billion, which declined marginally due to higher ECL charges [4]. - The Corporate Centre segment's pre-tax profit fell to $682 million from $4.2 billion in the year-ago quarter [4]. Outlook - HSBC's strong capital position, higher interest rates, global network, and business simplification initiatives are expected to support its financials, despite concerns over higher expenses and subdued revenues due to weak loan demand [5].