HSBC Continental Europe: 2023 Annual and Second Half Results
On 20 February 2024, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the bank’s consolidated financial statements for 2023.
- On 20 February 2024, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the bank’s consolidated financial statements for 2023.
- The consolidated balance sheet of HSBC Continental Europe showed total assets of €283bn at 31 December 2023, compared to €279bn at 31 December 2022.
- At 31 December 2023, HSBC Continental Europe reported an average liquidity coverage ratio (LCR)5 of 158% and an average net stable funding ratio (NSFR)6 of 141%.
- The increase was driven by the full year consolidation of the financial results of HSBC Germany and HSBC Malta.