LONDON CENTRE of the

HSBC Bank UK Pensioners' Association

HSBC Update

(left) HSBC 8 Canada Square London

In and around HSBCHSBC Holdings plc 2010 interim results - for full details go to www.hsbc.com

Group pre-tax profit 121 per cent higher at US$11,104 million
(US$5,019 million in the first half of 2009).
Underlying pre-tax profit up by US$2,245 million or 30 per cent to
US$9,630 million.
Profit attributable to shareholders of the parent company 102 per cent higher
at US$6,763 million (US$3,347 million in the first half of 2009).
Total operating income 1 per cent higher at US$40,672 million
(US$40,248 million in the first half of 2009).
Net operating income before loan impairment charges and other credit risk
provisions 2 per cent higher at US$35,551 million (US$34,741 million in the
first half of 2009).
Return on average shareholders’ equity of 10.4 per cent (6.4 per cent in the first
half of 2009).
Earnings per ordinary share 81 per cent higher at US$0.38 (US$0.21 in the first
half of 2009).
Second interim dividend for 2010 of US$0.08 per ordinary share which,
together with the first interim dividend for 2010 of US$0.08 per ordinary share
already paid, represents US$0.16 per share for 2010, the same as for the first
half of 2009.
Core tier 1 ratio of 9.9 per cent and tier 1 ratio of 11.5 per cent.

HSBC Holdings plc 2009 full year results - for full details go to www.hsbc.com

HSBC HOLDINGS REPORTS PRE-TAX PROFIT OF US$7,079 MILLION

HSBC made a profit before tax of US$7,079 million, a decrease of US$2,228 million, or 23.9 percent, compared with 2008.

Net interest income of US$40,730 million was US$1,833 million, or 4.3 per cent, lower than 2008.

Net operating income before loan impairment charges and other credit risk provisions of US$66,181 million was US$15,501 million, or 19.0 per cent, lower than 2008.

Total operating expenses of US$34,395 million declined by US$4,140 million, or 10.7 per cent, compared with 2008 and excluding goodwill impairment. On an underlying basis and excluding goodwill impairment, operating expenses were down 4 per cent compared with 2008.

HSBC’s cost efficiency ratio was 52.0 per cent compared with 47.2 per cent* in 2008.

Loan impairment charges and other credit risk provisions were US$26,488 million in 2009, US$1,551 million higher than 2008.

The core tier 1 ratio and tier 1 ratio for the Group remained strong at 9.4 per cent and 10.8 per cent, respectively, at 31 December 2009.

The Group’s total assets at 31 December 2009 were US$2,364 billion, a decrease of US$163 billion, or 6.5 per cent, since 31 December 2008.

HSBC Holdings plc 2009 interim results - for full details go to www.hsbc.com

Total operating income 6 per cent lower at US$40,248 million (US$42,912 million
in the first half of 2008).

Group pre-tax profit 51 per cent lower at US$5,019 million (US$10,247 million
in the first half of 2008).

Profit attributable to shareholders of the parent company 57 per cent lower
at US$3,347 million (US$7,722 million in the first half of 2008).

Return on average shareholders’ equity of 6.4 per cent (12.1 per cent in the first
half of 2008).

Earnings per ordinary share 63 per cent lower at US$0.21 (US$0.57 in the first half
of 2008).

HSBC Holdings plc interim management statement - 11MAY09 - for full details go to www.hsbc.com

Q1 2009 pre-tax profit was ahead of Q1 2008 on both a reported and an underlying basis.
Record pre-tax profit achieved in Global Banking and Markets.
Commercial Banking benefited in all regions from asset re-pricing and deposit growth, largely off-setting liability spread compression.
Excluding Consumer Finance in the US, which is now substantially in run-off, Personal Financial Services was resilient in the face of revenue pressure from deposit margin compression and rising loan impairment charges.
Quarterly results for Q1 2009 included significant gains on our own debt measured at fair value. Excluding these gains, which will reverse over time, pre-tax profit declined compared with Q1 2008 as revenue growth was more than offset by higher loan impairment charges and other credit risk provisions.

HSBC Holdings plc 2008 final results - for full details go to www.hsbc.com

For the year

Total operating income up by 1 per cent to US$88,571 million (2007: US$87,601 million).
Net operating income before loan impairment charges up by 3 per cent to US$81,682 million (2007: US$78,993 million).
Group pre-tax profit down by 62 per cent to US$9,307 million (2007: US$24,212 million).
Profit attributable to shareholders of the parent company down by 70 per cent to
US$5,728 million (2007: US$19,133 million)
Return on average shareholders’ equity of 4.7 per cent (2007: 15.9 per cent).
Earnings per ordinary share down by 72 per cent to US$0.47 (2007: US$1.65).

At the year-end

Total equity down by 26 per cent to US$100,229 million (2007: US$135,416 million).
Customer accounts and deposits by banks up by 1 per cent to US$1,245,411 million (2007:US$1,228,321 million).
Risk-weighted assets up by 2 per cent to US$1,147,974 million (2007: US$1,123,782 million).

Dividends and capital position

Total dividends declared in respect of 2008 of US$0.64 per share, a decrease of 28.9 per cent over dividends for 2007; fourth interim dividend for 2008 of US$0.10 per share, a decrease of 74.4 per cent.
Tier 1 ratio of 8.3 per cent and total capital ratio of 11.4 per cent.

The Annual Report for 2008 carries the heading Strength, Diversity and Resilience, which underscores the message of the Chairman, Stephen Green, that "2008 was the most extraordinary year for the global economy and financial services in well over half a century." He continues that these are "results which demonstrate our ability to withstand the storm".

Rights Issue

HSBC Holdings plc announces a 5 for 12 Rights Issue at 254 pence per share to raise approximately £12.5 billion (US$17.7 billion) (net of expenses).

HSBC Holdings plc 2008 interim results - highlights - for full details go to www.hsbc.com

Net operating income before loan impairment charges up by US$982 million, 3 per cent, to US$39,475 million (US$38,493 million in the first half of 2007).

Loan impairment charges and other credit risk provisions up by US$3,712 million (58 per cent) to US$10,058 million (US$6,346 million in the first half of 2007).
Group pre-tax profit down by US$3,912 million (28 per cent) to US$10,247 million (US$14,159 million in the first half of 2007).

Profit attributable to shareholders of the parent company down by US$3,173 million, 29 per cent, to US$7,722 million (US$10,895 million in the first half of 2007).

Return on average shareholders’ equity of 12.1 per cent (19.1 per cent in the first half of 2007).

Earnings per share down 32 per cent to US$0.65 (US$0.95 in the first half of 2007).

Dividends and capital position

Second interim dividend for 2008 of US$0.18 per share which, together with the first interim dividend for 2008 of US$0.18 per share already paid, represents an increase of 6 per cent over the first and second interim dividends for 2007.

Tier 1 capital ratio of 8.8 per cent and total capital ratio of 11.9 per cent.

HSBC Holdings plc 2007 final results - for full details go to www.hsbc.com

Total operating income up 25 per cent to US$87,601 million (US$70,070 million in 2006).

For the year:

Net operating income up 13 per cent to US$61,751 million (US$54,793 million in 2006).
Group pre-tax profit up 10 per cent to US$24,212 million (US$22,086 million in 2006).
Profit attributable to shareholders of the parent company up 21 per cent to US$19,133 million (US$15,789 million in 2006).
Return on average invested capital of 15.3 per cent (14.9 per cent in 2006).
Earnings per share up 17.9 per cent to US$1.65 (US$1.40 in 2006).

Dividend and capital position:

Total dividends declared in respect of 2007 of US$0.90 per share, an increase of 11.1 per cent over 2006; fourth interim dividend for 2007 of US$0.39 per share, an increase of 8.3 per cent.
Tier 1 capital ratio of 9.3 per cent and total capital ratio of 13.6 per cent.

HSBC Holdings plc 2007 interim results - highlights

30 July 2007

For the half-year

Total operating income up 23 per cent to US$42,092 million (US$34,334 million in the first half of 2006).
Group pre-tax profit up 13 per cent to US$14,159 million (US$12,517 million in the first half of 2006).
Profit attributable to shareholders of the parent company up 25 per cent to US$10,895 million (US$8,729 million in the first half of 2006).
Return on average invested capital of 18.4 per cent (17.2 per cent in the first half of 2006).
Earnings per share up 22 per cent to US$0.95 (US$0.78 in the first half of 2006).

Dividends and capital position

Tier 1 capital ratio of 9.3 per cent and total capital ratio of 13.2 per cent.
Second interim dividend for 2007 of US$0.17 per share which, together with the first interim dividend for 2007 of US$0.17 per share already paid,
represents an increase of 13 per cent over the first and second interim
dividends for 2006.

For full details go to www.hsbc.com

BUPA subsidies

News from the General Secretary of the Association: The government has reviewed this matter and as a result tax will not be levied on premiums paid by the bank on behalf of pensioners, provided the pensioner retired before 5 April 1998. This is back-dated to 6 April 2006, so if anyone has had tax deducted, they should seek a refund. It would also be advisable to tell the revenue to amend code numbers for the current tax year.

This follows an item in the 2004 Finance act that purported to render such 'subsidies' a taxable benefit.

HSBC Holdings plc 2006 final results - highlights

05 March 2007

Total operating income up 14 per cent to US$70,070 million (US$61,704 million in 2005).

For the year:

Net operating income up 10 per cent to US$54,793 million (US$49,836 million in 2005).
Group pre-tax profit up 5 per cent to US$22,086 million (US$20,966 million in 2005).
Profit attributable to shareholders of the parent company up 5 per cent to US$15,789 million (US$15,081 million in 2005).
Return on average invested capital of 14.9 per cent (15.9 per cent in 2005).
Earnings per share up 3 per cent to US$1.40 (US$1.36 in 2005).

Dividend and capital position:

Fourth interim dividend for 2006 of US$0.36 per ordinary share, an increase of 16.1 per cent; total dividends declared in respect of 2006 of US$0.81 per share, an increase of 11.0 per cent over 2005.
Tier 1 capital ratio of 9.4 per cent and total capital ratio of 13.5 per cent.

For full details go to www.hsbc.com