HSBC and Standard Chartered have not yet released their 2025 results, so Tricumen estimated the banks 4Q25 performance.
Banks’ operating revenue exceeded $180bn, up 12% from FY24. Transaction revenues surged, supported by strong brokerage fee inflows. Investment management fees – particularly advisory – also contributed meaningfully, though growth lagged the 20% increase in AuM. Net interest income advanced modestly, driven mainly by strong Lombard and securities‑based lending. The aggregate pre‑tax margin improved by 200bps to 25%. Regionally, AMER and APAC maintained the strong earnings momentum seen earlier in the year, while EMEA grew at a much slower pace.
Several banks are preparing to launch new crypto investment options or enhance existing offerings. Buoyed by wealth‑positive government policies – including the creation of a new ‘wealth management zone’ and a 35% rise in average adult net worth in just five years – many banks in this report are expanding their presence in Taiwan.
Download “Wealth / PB Review 4Q25/FY25”
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