Saturday, 8 August 2020

HSBC pre-tax profit up 16pc at $19.9bn in 2018

HONG KONG: Banking giant HSBC said on Tuesday that pre-tax profit rose 16 percent to $19.9 billion last year with growth across its global businesses despite a “challenging external environment in the fourth quarter”.

Adjusted pre-tax profit also rose 3 percent year-on-year to $21.7 billion following the appointment of new CEO John Flint who has vowed to grow the bank while keeping a lid on costs.

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