汇丰银行HSBC Holdings plc（HSBC）2025年第四季度及全年业绩报告（英文版）（30页）.pdf

1、25 February 2026 HSBC Holdings plc 2025 results Georges Elhedery,Group CEO,said:“2025 was a year of decisive action and swift execution,which is reflected in our strong performance.Each of our four businesses performed well and we have strong momentum across the bank.That is why we are raising our a

2、mbition and targeting a 17%RoTE or better,excluding notable items,in each year from 2026 to 2028.We are also targeting year-on-year revenue growth over the same period on the same basis,rising to 5%in 2028.We are becoming a simple,more agile,focused bank,one that moves with the speed our customers n

3、eed to navigate the modern world.We are delivering growth,investing for growth and we are executing our strategy with discipline and precision.That gives us confidence in our ability to continue delivering for our shareholders.”2025 financial performance(vs 2024)Reported profit before tax decreased

4、by$2.4bn to$29.9bn,mainly due to a$4.9bn year-on-year net adverse impact from notable items.Profit after tax decreased by$1.9bn to$23.1bn.In 2025,notable items included dilution and impairment losses of$2.1bn related to our associate Bank of Communications Co.,Limited(BoCom),reserve recycling losses

5、 of$1.5bn following the completion of the sale of our French retained portfolio of home and certain other loans,legal provisions of$1.4bn and restructuring and other related costs associated with our organisational simplification of$1.0bn.In 2024,notable items included net losses relating to our dis

6、posals in Canada and Argentina of$1.4bn.Constant currency profit before tax excluding notable items increased by$2.4bn to$36.6bn,from a strong performance in Wealth in our International Wealth and Premier Banking(IWPB)and Hong Kong businesses,and from Wholesale Transaction Banking in our Corporate a