Pestel Analysis of Hsbc
FINANCIAL SERVICES
UK Banks: Performance Benchmarking Report
Full Year Results 2012 kpmg.co.uk/banking Basis of preparation This report summarises the 2012 full year results of Barclays, HSBC, Lloyds Banking Group (Lloyds), Royal Bank of Scotland (RBS) and Standard Chartered1.
Whilst progressively more information has been given in results announcements in recent years, not all statutory accounts or Pillar 3 reports have been published at the date of this report, and therefore analysis is constrained in certain respects. Where total numbers are presented it is the total of the five banks in the review. As an example, total assets is the sum of the total assets of the five banks, expressed in sterling. Similarly, if an average number is presented, it is the average of the five banks in the review. We have used simple headline numbers in our analysis unless stated otherwise; each bank has its own way of reporting performance and this has proved to be the most consistent method of presenting their results. HSBC and Standard Chartered present their results in US dollars ($). These have been translated into sterling using the relevant period end or period average rate. Where percentage changes are presented for HSBC or Standard Chartered, these percentages are based on the dollar amounts disclosed by the banks, rather than on the sterling translation of those amounts. Note that any discussion of ’underlying’ results (or, in the case of Lloyds, of ‘management basis’) reflects a number of adjustments to statutory figures, as determined by management. Underlying results will therefore not be comparable from bank to bank. Management reporting in the bank results focuses on underlying figures. Adjustments commonly include:
gains and losses
losses on acquisitions and disposals of subsidiaries and businesses
or fair value changes on own debt
and jointly controlled entities within underlying non-interest income
one-off items.
1. The ‘Focus on UK retail
UK Banks: Performance Benchmarking Report
Full Year Results 2012 kpmg.co.uk/banking Basis of preparation This report summarises the 2012 full year results of Barclays, HSBC, Lloyds Banking Group (Lloyds), Royal Bank of Scotland (RBS) and Standard Chartered1.
Whilst progressively more information has been given in results announcements in recent years, not all statutory accounts or Pillar 3 reports have been published at the date of this report, and therefore analysis is constrained in certain respects. Where total numbers are presented it is the total of the five banks in the review. As an example, total assets is the sum of the total assets of the five banks, expressed in sterling. Similarly, if an average number is presented, it is the average of the five banks in the review. We have used simple headline numbers in our analysis unless stated otherwise; each bank has its own way of reporting performance and this has proved to be the most consistent method of presenting their results. HSBC and Standard Chartered present their results in US dollars ($). These have been translated into sterling using the relevant period end or period average rate. Where percentage changes are presented for HSBC or Standard Chartered, these percentages are based on the dollar amounts disclosed by the banks, rather than on the sterling translation of those amounts. Note that any discussion of ’underlying’ results (or, in the case of Lloyds, of ‘management basis’) reflects a number of adjustments to statutory figures, as determined by management. Underlying results will therefore not be comparable from bank to bank. Management reporting in the bank results focuses on underlying figures. Adjustments commonly include:
gains and losses
losses on acquisitions and disposals of subsidiaries and businesses
or fair value changes on own debt
and jointly controlled entities within underlying non-interest income
one-off items.
1. The ‘Focus on UK retail