We continue to maintain a strong capital, funding and liquidity position with a diversified business model. We take a conservative approach to credit risk and liquidity management.
Our capital base supports our ability to invest in business growth, meet current and future regulatory requirements, and sustain returns for shareholders.
At the end of December 2023, HSBC held $3 trillion in total assets.
When we published our 2023 Annual Results, we announced that our dividend payout ratio target remains at 50% for 2024, excluding material notable items and related impacts. We also announced a further share buyback of up to $2bn. Further buybacks remain subject to appropriate capital levels.
We actively manage our capital position to support our business strategy and meet our regulatory requirements at all times, while optimising our capital efficiency. Our common equity tier 1 ratio (14.8% at 31 December 2023) is a key measure of capital strength.
Financial information last updated: 21 February 2024
