Full Year 2023 HSBC Holdings PLC Earnings Call Transcript

Feb 21, 2024 / 07:45AM GMT
Operator

Good morning, good afternoon, good evening, ladies and gentlemen, and welcome to the Investor and Analyst Webinar for HSBC Holdings plc's 2023 Annual Results. For your information, this webinar is being recorded.

At this time, I will hand over to Noel Quinn, Group Chief Executive.

Noel Paul Quinn - HSBC Holdings plc - Group CEO, Member of the Group Management Board & Executive Director

Good afternoon to those in Hong Kong, and great to see you all. Good morning to those watching in London and around the world. Before Georges takes you through the Q4 numbers, I'll make some opening comments.

First, I'm really pleased with the performance that the team delivered in 2023. We reported $30 million of PBT for the first time ever. And we delivered a return on tangible equity of 14.6% or 15.6%, excluding material notable items.

Second, there were some items in the fourth quarter, which make it harder to understand the underlying performance. Georges will take you through them in detail. But I want to stress, there was still good

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