Best bank: HSBC
For HSBC, 2023 was an important year at its UK ring-fenced bank. This delivered its strongest set of results since it was created in 2018, with revenue coming in 36% higher than in 2022. That was in part thanks to higher rates and fat net interest margins, but also to key strategic decisions, such as to make growing market share in mortgages a priority.
For all the outside pressure on the group board to spin off the rest of the world and concentrate on HSBC’s true home market, which is of course Asia, the UK bank contributed a vital 21% of the whole group’s profit before tax.
Thanks for your interest in Euromoney!
To unlock this article:
