---
title: "Key facts: HSBC to meet $1.5B cost-cutting target early; raises lending goal"
description: "HSBC's CEO Georges Elhedery stated the bank will meet its $1.5 billion cost-cutting target six months early, focusing on high-return markets, especially in Asia.1HSBC raised a key lending target, cont"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/276963445.md"
published_at: "2026-02-26T01:03:33.000Z"
---

# Key facts: HSBC to meet $1.5B cost-cutting target early; raises lending goal

> HSBC's CEO Georges Elhedery stated the bank will meet its $1.5 billion cost-cutting target six months early, focusing on high-return markets, especially in Asia.1HSBC raised a key lending target, contributing to a rebound in financials and aiding European shares in closing at a record high.2On February 25, 2026, HSBC Holdings PLC held a Zoom meeting to share its 2025 annual results, featuring insights from CEO Georges Elhedery and CFO Pam Kaur.3

-   HSBC's CEO Georges Elhedery stated the bank will meet its $1.5 billion cost-cutting target six months early, focusing on high-return markets, especially in Asia.1
-   HSBC raised a key lending target, contributing to a rebound in financials and aiding European shares in closing at a record high.2
-   On February 25, 2026, HSBC Holdings PLC held a Zoom meeting to share its 2025 annual results, featuring insights from CEO Georges Elhedery and CFO Pam Kaur.3

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---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.