HSBC registers drop in FX revenues in Q3 2021

HSBC Holdings plc (LON:HSBA) today posted its financial results for the third quarter of 2021, with Forex revenues staging a drop from the year-ago period.

Global Foreign Exchange revenues amounted to $772 million in the third quarter of 2021, down from $842 million a year earlier.

For the first nine months of 2021, global FX revenues totalled $2.45 billion, down 26% from the equivalent period a year earlier.

During the three months to end-September 2021, reported profit after tax grew to $4.2 billion and reported profit before grew to $5.4 billion. The increase was driven by a release of expected credit losses and other credit impairment charges (‘ECL’) and a higher share of profit from HSBC’s associates.

All regions were profitable in the third quarter of 2021, demonstrating continued earnings diversity. Asia contributed $3.3 billion to Group reported profit before tax, while in HSBC UK reported profit before tax increased by $1.0 billion to $1.5 billion.

Reported revenue was up 1% to $12.0 billion including a favourable foreign currency translation movement. Adjusted revenue fell 1% year-on-year to $12.2 billion, primarily reflecting unfavourable market impacts in life insurance manufacturing in Wealth and Personal Banking (‘WPB’) and lower revenue in Markets and Securities Services (‘MSS’). Notwithstanding these factors, HSBC has seen continued good performances in areas of strategic focus, including wealth and trade finance products.

On 2 August 2021, the Directors approved an interim dividend for the 2021 half-year of $0.07 per ordinary share. The interim dividend was paid on 30 September 2021 in cash in US dollars, or in sterling or Hong Kong dollars at exchange rates determined on 20 September 2021.

The Group will not pay quarterly dividends during 2021, but will review whether to revert to paying quarterly dividends at or ahead of its 2021 results announcement in February 2022.

The revenue outlook is becoming more positive, with fee growth across many of HSBC businesses and a stabilisation of net interest income, which HSBC expects to begin to increase in the coming quarters from lending growth and earlier than anticipated policy rate rises.

HSBC said:

“We remain well placed to fund growth and step up capital returns, and now intend to normalise our CET1 position to be within our 14% to 14.5% target operating range by the end of 2022. We intend to achieve this through a combination of growth and capital returns, as well as from an expected $20bn to $35bn uplift in RWAs in 2022 due to regulatory developments. Given our strong capital position and notwithstanding growth opportunities available to us, we intend to initiate a share buyback of up to $2bn, which we expect to commence shortly”.

Posted on

1,571 Replies to “HSBC registers drop in FX revenues in Q3 2021”

  1. Although the lower dose of Cialis used daily may make some side effects less severe, daily use of Cialis may cause some unwanted side effects to occur for a longer period of time cialis generic best price 45 SEAR sexual relationship 2 43 0

  2. priligy medicine He knew that the real person Chang Yi was tyrannical, but he didn t expect that it had only been so long, and the immortal man had already stepped into the golden southflaortho

  3. Any symptoms of an allergic or severe negative reaction difficulty breathing; swelling of the face, mouth, tongue, or throat; and or rash or hives deserve immediate, emergency medical attention buy cialis 20mg

  4. какая погода в абхазии в ноябре анакопия клаб абхазия отзывы
    растяжка позвоночника в воде адмирал ялта ул свердлова 32 ялта онлайн магазин путевок
    отдых с детьми в подмосковье летом гостиница астарта судак официальный сайт крым отель сбербанка

  5. санатории по урологии в россии гостиница в томилино московской области
    бархатные сезоны квартал русский дом отели суздаля с бассейном отель золотой сазан
    отдых в адлере в июле кургазак санаторий солнечный отель подмосковье отзывы

  6. отель в сочи 4 звезды жемчужина набережные челны
    гостиница россия новомосковск санаторий красные камни кисловодск цены на 2021 турагентство горящие путевки
    сочи автомобилист анапа забронировать гостиницу отель ривьера казань телефон

  7. отель прага алушта отель россия крым
    козельск карс туры на новый год из краснодара гостиница екатеринбург аэропорт
    памятник белая шляпа отель виктория ачинск загородный комплекс циолковский самара официальный сайт

  8. елены стасовой 40и котельники гостиница
    санаторий киев крым мечта евпатория 2 букинг санатории
    парнас елец гостиница купить тур в гамма сириус парк сочи амра тур

  9. хостел никитская капсула москва аква терм пятигорск
    новая ладога отели и гостиницы сочи пансионат магадан кисловодск нарзанная галерея адрес
    отзывы санаторий исток ессентуки санаторий башкортостана лор санатории для детей

  10. An additional 5 articles were found through a snowballing literature track stromectol cena This finding leads to the support of the concept of combining chemotherapy with involved field irradiation for patients with more advanced disease

  11. respect hall resort spa alean sputnik
    семейный комплекс кабардинка турбаза самара с бассейном санаторий ессентуки нива
    отдых в армении все включено отдых в сочи цены в отелях 2021 ласковый берег чат

  12. водопад новый афон абхазия стерлитамак гостиница ашкадар
    путёвка в сочи цены отели в мармарисе 5 звезд айтар абхазия сухум
    пансионат октябрьский сочи официальный сайт гостиница бега на беговой меганом крым коктебель

  13. санаторий артема сергеева официальный сайт санатории с сероводородными ваннами в россии
    саки крым база отдыха прибой снять гостиницу в суздале недорого крым форос отдых 2021
    гостиница веселый хотей гурзуф официальный сайт песочная бухта отзывы о санатории русь

  14. истра пансионат отель терраса в ейске
    отель паллада санкт петербург бронировании ессентуки санатории с бассейном цены на путевки
    санаторий васильево казань лучшие отели горного алтая с бассейном ям ижора гостиница хуторок цены

  15. отдых кмв рф ток судак официальный фото
    краснодар триумф пансионат в судаке с питанием причал анапа
    санаторий дорохово официальный сайт цены рибейра евпатория ток золотой пляж феодосия официальный

  16. санатории сочи на берегу моря кисловодск санаторий нарзан цены
    старообрядческая 62 адлер санаторий удп подмосковье алекс отель косыгина 17
    гостевой дом времена года витязево вилла виктория гудаута абхазия изумруд ростов

  17. крым новый свет отдых выходные в сочи из москвы дешево
    mercury сочи официальный сайт система бронирования санатория белая русь
    парк л пер литаврина 2 липецк база отдыха жемчужина вакансии новый афон как добраться из москвы

  18. отель в сочи с аквапарком и бассейном адлер гостиницы и отели
    сан такси санкт петербург ул адмирала черокова 20 беседка ветров в крыму
    гостиница заречная нижний новгород отели южного крыма для отдыха с детьми саморы машела 2а

  19. отель винвуд санкт петербург гостиница брянск в брянске цены на номера
    санатории на черном море для лечения детей дом отдыха звенигородский новый афон гостиница грифон
    покровский псков апельсин саки санаторий в пензе серебряный бор

  20. отдых с теплым бассейном в краснодарском крае санатории пятигорский нарзан
    отель имеретинский сочи фото нэвз новомихайловский авангард сочи отзывы 2021
    азимут уфа санатории в туапсе цены на 2021 год пансионаты в джубге

  21. XBP1 directly binds Mist1 promoter in the mouse stomach and XBP1 is sufficient tamoxifen side effects in men They include corticosteroids also possibly associated with mania, cytokines especially interferon alfa and interleukin 2, whole brain radiation therapy, and chemotherapeutic agents, including procarbazine Matulane

  22. Report any of these symptoms to your provider right away buy lasix online After quarter of an hour, at the same time that we conceded a goal, my player was out somewhere and was found

  23. non rx finasteride However, Dr Nickles Fader pointed to the meta analyses conducted after the FDA action, which have shown that the risk for occult sarcoma in women who undergo surgery for presumed fibroids is lower than the FDA estimate

  24. propecia walgreens com 20 E2 AD 90 20Pharmacie 20En 20Ligne 20Viagra 20 20All 20About 20Viagra pharmacie en ligne viagra The researchers used the same recipe of growth- boostingingredients normally used for making stem cells in a petri dish, but introduced them instead into living laboratory mice andfound they were able to create so- called reprogrammed inducedpluripotent stem cells iPS cells

  25. In addition, the presence of NAFLD was linked with renal stone disease showing that detection rate of renal stone disease in patients with NAFLD was markedly high odds ratio 5, 95 CI, 3 8 safe cialis online CALCIO 300 TABLET 300MG SUSSEX PHARMACEUTICAL LIMITED UNITED KINGDOM

  26. This is a fracture to the distal radius Occurs after falling on an outstretched hand Diagnose with H P and xray Treat with cast immobilization for 2 4 wk priligy over the counter usa No osteoporosis all Grades was reported in the ribociclib plus NSAI subgroup, and 1 patient 0

  27. 3 Evidence and recommendations cialis prescription Supplements can be adulterated or mislabeled, but the FDA can take action only after the supplement has reached the market and that s only if the FDA finds out about a potential problem

  28. all inclusive hotels in cancun mexico
    best resort in cancun for couples
    cancun all inclusive hotel deals

  29. cancun all inclusive vacation packages best deals
    hyatt place near me
    top family all inclusive resorts

  30. Consuming melatonin may neutralize oxidative damage and delay the neurodegenerative process of aging buy isotretinoin acnetrex Individuals with AS show severe intellectual deficits, but as discussed previously 19, AS mouse models do not show robust learning deficits in our hands

  31. It is important to accurately stage this cancer with laparoscopy, ultrasound, and CT scanning priligy and cialis together Contraindicated 1 lefamulin will increase the level or effect of haloperidol by affecting hepatic intestinal enzyme CYP3A4 metabolism

  32. In addition, TMEM16A did not interacted with ORAI, and TMEM16A activation was not affected by ORAI inhibitors 85, suggesting that TMEM16A may not regulate ORAI mediated Ca 2 entry in cancer cells cialis coupon

  33. Group A had significantly more serum E2 measurements, as well as transvaginal sonograms performed, when compared with group B cialis for sale online LPS are the endotoxins released by bacteria that can promote inflammation

  34. Разрешение на строительство — это административный письменное удостоверение, предоставленный полномочными ведомствами государственной власти или территориального руководства, который дает возможность начать возведение или производство строительного процесса.
    Разрешение на строительство формулирует нормативные основы и нормы к стройке, включая разрешенные категории работ, предусмотренные материалы и приемы, а также включает строительные нормы и пакеты безопасности. Получение разрешения на строительство является необходимым документов для строительной сферы.

  35. Быстровозводимые строения – это прогрессивные системы, которые отличаются великолепной быстротой строительства и гибкостью. Они представляют собой строения, состоящие из предварительно изготовленных составляющих или же узлов, которые имеют возможность быть быстро установлены в пункте строительства.
    Быстровозводимые здания из металлоконструкций под ключ владеют податливостью также адаптируемостью, что дает возможность просто менять и адаптировать их в соответствии с пожеланиями покупателя. Это экономически результативное а также экологически стабильное решение, которое в крайние годы приняло широкое распространение.

  36. © Bellingham Technical College Utopia Management, with over 25 years in business, has been chosen and trusted by property owners from individuals to large investment groups to safeguard their real estate investments. We offer a full spectrum of rental property services designed to make your investment hassle-free. Contact our Bellingham office today to discuss your property, and experience firsthand how our professional staff can eliminate the challenges of property ownership and increase your ROI. Buse Agency, led by Derek Buse, is comprised of elite Bellingham, WA real estate agents for Compass. Most recent data: Q1 2019; pass rate data is supplied by the WA Department of Licensing Beyond the visibility, strong property marketing requires responsiveness, with our agents answering every call and available for 7 day showings. Potential tenants have the peace of mind that they are working with professionals as opposed to a single landlord who may or may not handle their needs. With increased visibility and Utopia’s strong position in the market, we are consistently able to rent properties at current market rates to qualified tenants.
    Real estate brokers can also assist you in finding an apartment. But keep in mind that you can be charged for that service. Always find out up front if you will be charged for such service since many times the landlord of the apartment is paying a broker to help find a tenant. Also, make sure you get in writing a description of the services the broker will offer in finding you an apartment and if you are charged a fee for such services when it will be due. If the fee is to obtain an apartment for you make sure you are only obligated to pay such fee if you, in fact, have an apartment (e.g. having a lease for the apartment signed by you and the landlord). No, the Board will not automatically invalidate your passing examination score. If a candidate passes one portion of the examination then the passing score remains valid until the expiration date of the education certification. Please be advised that a licensed salesperson taking the broker examination on or after June 1, 2011 must complete three (3) years of affiliation with a broker.

  37. Lucky Block is a full-fledged Bitcoin casino and Bitcoin betting site with a lot of games and Bitcoin gambling opportunities. The live poker rooms mimic the feel of physical Poker games, and users who are unfamiliar with cryptos can use the fiat on-ramp. The site accepts Bitcoin, Etherum, Litecoin, Bitcoin Cash, and Ripple. Bitcoin deposits withdrawals are made directly through your wallet. The minimum Bitcoin deposit is the equivalent of $20 at the time of depositing, while the maximum cashout is $100,000. If you don’t have any bitcoins in your BTC wallet or exchanger account, you first need to get bitcoins. To do this, you need to register on the exchange and replenish the account with any deposit methods available on the exchange. Alternatively, you can ask a friend to send you some bitcoins by giving him your BTC address.
    In this article, we will address everything you need to know about the Ethereum network and Ethereum casinos. There’s plenty to talk about, especially if you want to play Ethereum casino games for real money. By the time you finish reading this article, you should be able to find the best Ethereum casinos. How do I deposit with Ethereum at casino?First, you’ll need to have purchased ETH tokens from a top crypto exchange. Then, you’ll need to choose a top ETH casino and create an account. Link your crypto wallet to your new casino account to deposit funds safely and securely. Enjoy a 100% matched deposit bonus of up to 5 BTC. Finally, the bonuses of Voltslot which reward Bonus money do not really specify what percentage of your deposit is taken into account when calculating the bonus you receive. This makes how much you can get from the bonuses a bit more vague than what we’d like to see, actually! It also means we don’t really know just how rewarding the promotions really are.

  38. There are many Konami free casino slot games to play online. Here are some of the top Konami casino games to explore, each with a different theme and the opportunity to win free games. Just a couple of years ago, you wouldn’t expect online slot machines to become as popular as it is now. And with that in mind, Konami did an excellent job of adapting to the future of slot machines. Just a couple of years ago, you wouldn’t expect online slot machines to become as popular as it is now. And with that in mind, Konami did an excellent job of adapting to the future of slot machines. If you live in New Jersey, Delaware, Pennsylvania, or Michigan — you can legally play these Konami slots online with real money. Because of their popularity, you can expect to play these games with real money in more places in the United States real soon.
    You can read Reddit’s Terms of Service here. Plus, with numerous exclusive promotions every month, Lake of the Torches is THE place to play. Don’t forget to reap the rewards as a Lake Club member, the best bet around. Dragon Tower Jackpots: Purple Storm Prog. Please visit our contact page, and select “I need help with my account” if you believe this is an error. Please include your IP address in the description. It’s essential to know that there’s no magical time to play at the casino and win more money or earn payouts more frequently. Winnings result from chance, with probabilities remaining the same no matter the game or time of day you play. High Limit SlotsHigh Limit Slots are available 24 hours a day. For assistance or questions, please contact the Slot Shift Manager at 702-374-4668.