August 11, 2022

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.

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