HSBC Continental Europe1 Interim Results 2022
On 29 July 2022, HSBC Continental Europes Board of Directors approved the banks consolidated financial statements for the first half of 2022.
- On 29 July 2022, HSBC Continental Europes Board of Directors approved the banks consolidated financial statements for the first half of 2022.
- HSBC Continental Europes performance during the first half of 2022 was positive with continued profitability driven by growth in wholesale banking revenues, demonstrating the strength of our global franchise and international connectivity, coupled with low credit losses and a favourable cost performance.
- The consolidated balance sheet of HSBC Continental Europe showed total assets of 239bn at 30 June 2022, compared to 223bn at 31 December 2021 with the increase mainly driven by mark-to-market movements on derivatives.
- At 30 June 2022, HSBC Continental Europe reported a liquidity coverage ratio (LCR)2 of 145% and a net stable funding ratio (NSFR)3 of 129%.