HSBC announced a pre-tax profit of US$32.31 billion for the previous year, reflecting a 6.6% increase year-on-year.
During this period, the Wealth and Personal Banking segment generated a pre-tax profit of US$12.18 billion, up nearly 5% compared to the previous year. In contrast, the Commercial Banking segment saw a nearly 10% decline in pre-tax profit, totaling US$11.86 billion.
The Global Banking and Markets experienced a significant increase, with pre-tax profit rising nearly 27% to US$7.06 billion. The Business Center turned a profit of US$1.2 billion, recovering from a loss of approximately US$460 million in the same period the previous year.
Additionally, on a legal entity basis, HSBC reported a pre-tax profit of US$20.47 billion, marking a nearly 27% increase and contributing over 63% to the group's profits.
Regionally, HSBC's Hong Kong operations reported a pre-tax profit of nearly US$11.89 billion, up 9% year-on-year, with revenues of approximately US$22.04 billion, a nearly 7% increase. During this period, expected credit loss and other credit impairment charges amounted to US$1.27 billion, a reduction of nearly 17% year-on-year.
In mainland China, the pre-tax profit surged to nearly US$3.23 billion, a dramatic increase of about 7.7 times year-on-year, with revenues reaching US$4.08 billion, up 4%.
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