Question · Q4 2025
Nick Lord inquired about the components driving HSBC's 5% revenue growth target by 2028, specifically asking about the wealth trajectory, its sustainability, and plans for growing the markets business in Asia.
Answer
Group CFO Georges Elhedery highlighted strong 2025 growth across all businesses and key metrics, strategic alignment with structural growth opportunities in Hong Kong, Asia, and the Middle East, and significant investment in growth areas. Group Chief Risk and Compliance Officer Pam Kaur added that 2026 expects broad-based revenue growth, with low single-digit Banking NII growth driven by deposits, and continued positive momentum in wealth and transaction banking, anticipating broader balance sheet growth in Asia beyond 2026.
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