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RNS Number : 8293B
HSBC Holdings PLC
11 June 2019
HSBC UK INVESTOR AND ANALYST SEMINAR
HSBC Holdings plc is today holding a seminar for investors and analysts on its UK ring-fenced bank, HSBC UK Bank plc ('HSBC UK'), at its headquarters in Birmingham. HSBC UK was formed on 1 July 2018 and serves 14.5 million, largely UK-based, customers.
The seminar will be formed of several presentations across the afternoon which will discuss HSBC UK's overarching strategy and provide insights into each of its individual businesses, risk, finance and technology. As part of the presentations, HSBC UK will discuss the following points:
-- A Pillar 2A CET1 requirement of 2.6% as of 1 January 2019.
-- Basel III revisions on capital requirements, qualitative discussion. Discussion on mortgage risk weightings.
-- Consistent with the Group, a commitment to the discipline of positive adjusted 'jaws' (income growth exceeding cost growth) over the medium term.
The event will open at around 12.30 British Summer Time ('BST'), hosted by Ian Stuart (CEO, HSBC UK), and will close at around 17.45 BST after presentations by HSBC UK's management, including the CEOs of our Commercial Banking and Retail Banking & Wealth Management divisions, our Chief Operating Officer, Chief Risk Officer and Chief Financial Officer.
Copies of the presentations used during the day will be available to view and download prior to the beginning of the event at https://www.hsbc.com/investors/investor-events-and-presentations
Investor enquiries to:
UK - Richard O'Connor Tel: +44 (0)20 7991
Hong Kong - Hugh Pye Tel: +852 2822 4908
Media enquiries to:
UK - Neil Fleming Tel: +44 121 264 3413
Hong Kong - Patrick Humphris Tel: +852 2822 2052
Note to editors:
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 66 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,659bn at 31 March 2019, HSBC is one of the world's largest banking and financial services organisations.
The information, statements and opinions set out in this announcement, the presentation materials referred to herein and subsequent discussion do not constitute a public offer for the purposes of any applicable law or an offer to sell or solicitation of any offer to purchase any securities or other financial instruments or any advice or recommendation in respect of such securities or other financial instruments.
This announcement and the presentations materials referred to herein may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and forward-looking statements with respect to the financial condition, results of operations, capital position, strategy and business of HSBC UK and HSBC Holdings plc which can be identified by the use of forward-looking terminology such as 'may', 'will', 'should', 'expect', 'anticipate', 'project', 'estimate', 'seek', 'intend', 'target' or 'believe' or the negatives thereof or other variations thereon or comparable terminology (together, 'forward-looking statements'). Any such forward-looking statements are not a reliable indicator of future performance, as they may involve significant stated or implied assumptions and subjective judgements which may or may not prove to be correct. There can be no assurance that any of the matters set out in forward-looking statements are attainable, will actually occur or will be realised or are complete or accurate. The assumptions and judgments may prove to be incorrect and involve known and unknown risks, uncertainties, contingencies and other important factors, many of which are outside the control of HSBC UK. Actual achievements, results, performance or other future events or conditions may differ materially from those stated, implied and/or reflected in any forward-looking statements due to a variety of risks, uncertainties and other factors (including without limitation those which are referable to general market conditions or regulatory changes). Any such forward-looking statements are based on the beliefs, expectations and opinions of HSBC UK and HSBC Holdings plc at the date the statements are made, and HSBC UK and HSBC Holdings plc do not assume, and hereby disclaim, any obligation or duty to update, revise or supplement them if circumstances or management's beliefs, expectations or opinions should change. For these reasons, recipients should not place reliance on, and are cautioned about relying on, any forward-looking statements. No representations or warranties, expressed or implied, are given by or on behalf of the HSBC UK or HSBC Holdings plc as to the achievement or reasonableness of any projections, estimates, forecasts, targets, prospects or returns contained herein or in the presentations materials referred to herein.
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(END) Dow Jones Newswires
June 11, 2019 07:00 ET (11:00 GMT)