Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 15

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 15
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, respectively.

| 4 | HSBC Holdings plcAnnual Report on Form 20-F |

Strategic Report

Performance in 2024 HSBC is one of the largest banking and financial services organisations in the world. We have a clear strategy to deliver revenue and profit growth, enhance customer service and create long-term shareholder value.

Financial performance indicators Our financial performance indicators demonstrate our continued focus on the delivery of sustainable returns for our shareholders. They also provide insight into the performance that has driven the outcomes of our financial targets. Read more on our financial performance in 2024 on pages 5 and 26 . For an explanation of performance against our key Group financial targets, see page 24 . For a reconciliation of alternative performance measures to their reported equivalents, see page 133 . Return on average tangible equity 14.6% (2023: 14.6% ) Return on average tangible equity excluding notable items of 16.0% (2023: 16.2% ) Profit before tax $32.3bn (2023: $30.3bn ) Net interest income $32.7bn (2023: $35.8bn ) Banking net interest income of $43.7bn (2023: $44.1bn ) Operating expenses $33.0bn (2023: $ 32.1 bn) Target basis operating expenses up 5% to $ 32.6 bn Common equity tier 1 capital ratio 14.9 % (2023: 14.8 %) Dividend per share in respect of 2024 $0.87 Inclusive of a special dividend of $0.21 per share. (2023 dividend per share: $ 0.61 )

Strategic performance indicators Our strategy supports our ambition of being the preferred international financial partner for our clients. We are committed to building a business for the long term, developing relationships that last. Read more on our strategy on pages 14 to 16 . Read more on multi-jurisdictional client revenue on page 134 . Read more on how we set and define our ESG metrics on page 20 . Read more on our definition of sustainable finance and investment on page 43 . Grow our Wealth business $64bn Net new invested assets generated in 2024, of which $47bn were in Asia. (2023: $84bn generated, of which $47bn were in Asia) Serve our clients internationally 62% Wholesale multi-jurisdictional client revenue is generated by clients