The net profit of HSBC, the largest bank in Europe, amounted to 8,289 million dollars (8,103 million euros) in the first half of the year, 13.9% more than in the same period of 2021It was announced this Monday.
In the first six months of the year, HSBC’s turnover decreased by 1.23% to 25,236 million dollars (24,671 million euros) due to factors such as “Macroeconomic impact of the war in Ukraine” and “the effect of Covid-19” in some of its main markets.
According to the entity with a strong presence in the Asian market, all the regions in which it operates were profitable.
However, in its main market, Asia, the bank saw its pre-tax profit fall by 9.61% to 6,300 million dollars (6,162 million euros).
Total gross profit also decreased by 15.34% year-on-year to 9,176 million dollars (8,974 million euros).
As for the solvency ratio, Tier 1 -core capital- stood at 13.6% at the end of June, 2.2 points below the value at the end of 2021.
Total deposits amounted to 1,560 million dollars (1,530 million euros) at the end of June, 6.58% less than the previous year.
In light of the results, the HSBC board approved a dividend of USD 0.09 (EUR 0.09) per share.
In the group’s statement sent this Monday to the Hong Kong Stock Exchange, where it is listed, the CEO (Executive Director), Noel Quinn, said that the bank intends to return to quarterly dividends”from early 2023“.
Quinn also assured that “revenue expectations have improved from the 2021 results”, despite “an uncertain macroeconomic environment”.
Source: Observadora
