{"id":116670,"date":"2026-09-03T11:36:48","date_gmt":"2026-09-03T11:36:48","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/116670\/"},"modified":"2026-09-03T11:36:48","modified_gmt":"2026-09-03T11:36:48","slug":"february-2026-newsletter-investors","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/116670\/","title":{"rendered":"February 2026 newsletter | Investors"},"content":{"rendered":"<p>        &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.hsbc.comhttps:\/\/www.hsbc.com\/-\/files\/hsbc\/investors\/shareholder-information\/images\/260225-february-story-1-768x576.jpg?la=en-GB&amp;h=576&amp;w=768&amp;hash=6F38C7D29E64392CDBA8486C211E3D6F\" class=\"image-with-links__image image-with-links__image--without-media-info\" alt=\"\"\/><\/p>\n<p>Our Annual Results 2025<\/p>\n<p>We\u2019ve approved a fourth quarterly dividend of $0.45 per share \u2013 announced as part of our Annual Results this week.<\/p>\n<p>This resulted in a total dividend of $0.75 per share for 2025 and we also completed two share buybacks in respect of 2025, worth a total of $6bn.<\/p>\n<p>\u201cWe delivered strong performance and material returns for our shareholders in 2025,\u201d Group Chairman Brendan Nelson said in our annual report.<\/p>\n<p>\u201cDividends paid in 2025, together with a more than 49% increase in the share price, delivered a total shareholder return for the year of more than 57%.\u201d<\/p>\n<p>For the year ended 31 December 2025, profit before tax grew by 7% to $36.6bn, excluding notable items, and revenue grew by 5% to $71.0bn, excluding notable items.<\/p>\n<p>Annualised return on average tangible equity (RoTE) was 13.3%, or 17.2% excluding notable items.<\/p>\n<p>Setting new targets<\/p>\n<p>We\u2019re targeting a RoTE of 17% or better for 2026, 2027 and 2028, excluding notable items. This reflects momentum in our earnings and the positive progress we\u2019re making in our strategic execution.<\/p>\n<p>We\u2019re targeting year-on-year growth in revenue from 2026 to 2028, rising to 5% in 2028, excluding notable items and on a constant currency basis.<\/p>\n<p>And we maintain our dividend payout target of 50% in 2026, 2027 and 2028, excluding notable items and related impacts.<\/p>\n<p>\u201cWe are becoming a simple, more agile, focused bank, one that moves with the speed our customers need to navigate the modern world,\u201d said Group CEO Georges Elhedery.<\/p>\n<p>\u201cWe 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.\u201d<\/p>\n<p>Georges highlighted <a href=\"https:\/\/www.hsbc.com\/investors\/hsbc-proposal-to-privatise-hang-seng-bank\" class=\"rte-internal-link no-icon\" rel=\"nofollow noopener\" target=\"_blank\">the privatisation of Hang Seng Bank<\/a> as a prime example of how we are investing for growth and a demonstration of our confidence and conviction in Hong Kong\u2019s future growth.<\/p>\n<p>Learn more about our 2025 performance in <a href=\"https:\/\/www.hsbc.com\/investors\/results-and-announcements\/all-reporting\/annual-results-2025-quick-read\" class=\"rte-internal-link no-icon\" rel=\"nofollow noopener\" target=\"_blank\">our results quick read<\/a>.<\/p>\n<p>        &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.hsbc.comhttps:\/\/www.hsbc.comhttps:\/\/www.hsbc.com\/-\/files\/hsbc\/investors\/shareholder-information\/images\/260225-february-story-2-768x576.jpg?la=en-GB&amp;h=576&amp;w=768&amp;hash=B4C888FB1E841BD1EF321427ADBA91A7\" class=\"image-with-links__image image-with-links__image--without-media-info\" alt=\"\"\/><\/p>\n<p>We\u2019re the #1 trade finance bank in the world<\/p>\n<p>Businesses have once again voted us as the top provider of trade finance globally, in the Euromoney Trade Finance Survey.<\/p>\n<p>The Euromoney Trade Finance Survey award is based on the views of more than 13,000 voting businesses in more than 100 countries and territories.<\/p>\n<p>\u201cThese wins demonstrate that our strategy is working and we are delivering value for clients when they need us most,\u201d said Vivek Ramachandran, our Head of Global Trade Solutions.<\/p>\n<p>\u201cAs global connectors, innovative problem solvers, and strategic partners, we are helping businesses navigate uncertainty and seize new opportunities in an ever-changing global landscape.\u201d<\/p>\n<p>This is the ninth consecutive year we\u2019ve been voted #1 in Euromoney\u2019s Trade Finance Survey.<\/p>\n<p>This year, we were also recognised as:<\/p>\n<p>    Number one in Asia-Pacific, Latin America, the Middle East and Western Europe<br \/>\n    The top trade bank in 21 markets, including Hong Kong and the UK<br \/>\n    Number one globally for Client Service; Products; and Technology<br \/>\n    Top in all global categories for Large and Middle Market Corporates<\/p>\n<p>In addition, respondents to the survey praised our clear guidance and international expertise.<\/p>\n<p>        &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.hsbc.comhttps:\/\/www.hsbc.comhttps:\/\/www.hsbc.com\/-\/files\/hsbc\/investors\/shareholder-information\/images\/260225-february-story-3-768x576.jpg?la=en-GB&amp;h=576&amp;w=768&amp;hash=D1AD16A1C6905C976DAA76CEF5B16241\" class=\"image-with-links__image image-with-links__image--without-media-info\" alt=\"\"\/><\/p>\n<p>Hang Seng Gold ETF surges past $100m AUM in first week<\/p>\n<p>Hang Seng Investment has launched Hong Kong\u2019s first gold exchange-traded fund (ETF) that supports physical gold redemption through a bank \u2013 and it surpassed US$100 million in assets under management in its opening week.<\/p>\n<p>HSBC is the gold custodian for the Hang Seng Gold ETF, which is listed on the Hong Kong Stock Exchange.<\/p>\n<p>The ETF opened about 15% above its issue price and closed its first day about 9% up, with turnover around HK$131 million (US$17 million).<\/p>\n<p>\u201cThis marks a significant milestone in strengthening our ETF portfolio and expanding investment solutions for investors,\u201d said Luanne Lim, Chief Executive of Hang Seng Bank.<\/p>\n<p>\u201cThe gold ETF also underscores our commitment to supporting Hong Kong\u2019s development as a leading international gold trading hub.\u201d<\/p>\n<p>Suvir Loomba, Regional Head of Securities Services, Asia, HSBC, added: \u201cThis collaboration highlights our complementary strengths and shared commitment to delivering relevant solutions for clients, faster than ever before.\u201d<\/p>\n<p>The ETF\u2019s debut coincided with spot gold hitting record levels \u2013 demand has softened slightly since but is still tracking gold\u2019s elevated prices.<\/p>\n<p>Hang Seng Investment plans to launch a tokenised class for this product \u2013 the first non-money market tokenised ETF offering in Hong Kong.<\/p>\n<p>        &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n<img decoding=\"async\" src=\"https:\/\/www.hsbc.comhttps:\/\/www.hsbc.comhttps:\/\/www.hsbc.com\/-\/files\/hsbc\/investors\/shareholder-information\/images\/260225-february-story-4-768x576.jpg?la=en-GB&amp;h=576&amp;w=768&amp;hash=1EB2C20C2F86AF354B8973ED0066E797\" class=\"image-with-links__image image-with-links__image--without-media-info\" alt=\"\"\/><\/p>\n<p>HSBC Orion wins UK government digital bond mandate<\/p>\n<p>The UK government has chosen our digital assets platform, HSBC Orion, as the platform provider for its Digital Gilt Instrument (DIGIT) pilot issuance.<\/p>\n<p>This places the UK in pole position among the G7 nations to issue the first-ever tokenised sovereign bond on a blockchain.<\/p>\n<p>\u201cWe want to attract investment and make the UK the best place to do business, which is why we are launching DIGIT,\u201d said Lucy Rigby KC MP, Economic Secretary to the Treasury.<\/p>\n<p>\u201cThis is exactly the kind of financial innovation we need to keep the UK at the forefront of global capital markets and I\u2019m looking forward to working with HSBC and other parties to deliver DIGIT.\u201d<\/p>\n<p>Patrick George, our Global Head of Markets and Securities Services, added: \u201cThe UK is the sixth-largest economy in the world. HSBC is delighted to be supporting the continued development of the gilt market, market innovation, and the growth of the broader UK economy.\u201d<\/p>\n<p>Issuing digital gilts and digital corporate bonds on a blockchain has the potential to improve the debt capital markets structures, accelerating settlement times, increasing efficiency and improving liquidity.<\/p>\n<p>To date, HSBC Orion has enabled the issuance of over US$3.5 billion in digitally native bonds globally.<\/p>\n<p>Read more in our <a href=\"https:\/\/www.hsbc.com\/news-and-views\/news\/media-releases\/2026\/hsbc-orion-awarded-digit-platform-mandate\" class=\"rte-internal-link no-icon\" rel=\"nofollow noopener\" target=\"_blank\">press release<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"&#13; &#13; &#13; Our Annual Results 2025 We\u2019ve approved a fourth quarterly dividend of $0.45 per share \u2013&hellip;\n","protected":false},"author":2,"featured_media":116671,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[47718,22608,9881,22829,25114],"class_list":["post-116670","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-2025-annual-results","tag-hang-seng-bank","tag-hsbc","tag-hsbc-orion","tag-trade-finance"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117206908039255208","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/116670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=116670"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/116670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/116671"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=116670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=116670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=116670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}