Sunday, 26 January 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.

Check Also

Six uncapped players in South Africa Test squad to face England

JOHANNESBURG: South Africa named six uncapped players in a 17-man squad for the first two ...

Leave a Reply