hsbc 2020

“we are helping our customers navigate their own path through uncertainty and acting with pace and decisiveness to adapt hsbc to an environment in which no business can afford to stand still.” we have taken a broad range of actions to help our customers and communities deal with the unprecedented challenges of covid-19. we supported our customers during the covid-19 crisis through payment holidays, short-term credit facilities and access to cash. performance in 1h20 was adversely impacted by an increase in adjusted ecl charges and the fall in interest rates globally. we continue to invest in digital capabilities to provide value to our clients and support them in the current environment.




on 18 february, we announced a substantial transformation programme to ensure that hsbc is fit for the future. the operational risks posed by the covid-19 outbreak meant that we have had to move more slowly in some areas than others and in march, we paused the redundancy programme intended to deliver the reduction in headcount we promised in february. we lifted the pause on redundancies in june, and intend to proceed thoughtfully but purposefully, while taking local considerations into account. our performance in the second half of the year will continue to be influenced by these factors, as well as general confidence levels. we intend to provide an update on our medium-term financial targets and dividend policy at our year-end results for 2020. we remain focused on helping our customers navigate their own path to a complex future, and acting with pace and decisiveness to adapt hsbc to an environment in which no business can afford to stand still.

read the main highlights from hsbc holdings plc’s 2020 interim results in our quick read summary. hsbc earnings call for the period ending . hsbc reported a 65% fall in pre-tax profits for the first half of 2020 to $4.3 billion — missing analysts’, hsbc 2020 results, hsbc 2020 results, hsbc announcement 2020, hsbc annual report 2020, hsbc investor day 2020.

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