HSBC’s web revenue within the first half of this 12 months grew by 14% 12 months on 12 months and amounted to about $8.3 billion.
As for the financial institution’s revenue earlier than tax, within the first half of the 12 months it decreased by 15% and amounted to about $9.2 billion.
Regardless of the decline, the outcomes have been higher than common expectations.
The financial institution dedicated $1.1 billion to cowl potential credit score losses attributable to rising financial uncertainty and rising inflation.
HSBC raised its dividend payout ratio to round 50% for 2023 and 2024.