HSBC confident can maintain dividend, exceed cost targets - CEO

HONG KONG, April 24 (Reuters) - HSBC Holdings Plc

is confident it can maintain dividend payouts in the foreseeable

future and expects to exceed risk-weighted asset and cost-saving

targets, the bank's chief executive Stuart Gulliver said on


Despite earnings pressure, HSBC has retained its dividend

payout ratio at a higher level in the last few years, at a time

when some of its peers including Standard Chartered

withheld dividend payment for 2016.

The bank may have to move "some thousand roles" from Britain

to Paris depending on how the country's Brexit negotiations with

the European Union unfold, chairman Douglas Flint added. The

bank had previously said it expected to move around 1,000 roles.

Both executives were speaking during a meeting of

shareholders in Hong Kong.

(Reporting by Michelle Price; Editing by Muralikumar