Confirms FY guidance (Il Sole 24 Ore Radiocor) - London, 30 Apr - HSBC confirmed its full year guidance with a return on average tangible equity (RoTE), excluding the impact of notable items, in the mid-teens for 2024, with banking net interest income of at least 41 billion dollars, dependent on the path of interest rates globally.

It confirmed its guidance of expected credit losses charges as a percentage of average gross loans of around 40 basis points in 2024.

The guidance reflects the bank's current outlook for the global macroeconomic environment, including customer and financial markets activity.

HSBC said it plans to manage its CET1 capital ratio within our medium-term target range of 14% to 14.5%, with a dividend payout ratio target of 50% for 2024, excluding material notable items and related impacts.

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(RADIOCOR) 30-04-24 08:14:09 (0139) 5 NNNN