HSBC Profits Jump to USD17.2bn on Asia Growth

تم نشره في Tue 20 February / Feb 2018. 01:00 AM
  • The signage of the HSBC bank is seen at a branch at Hayes in west London February 24, 2014. (Reuters)

LONDON — HSBC has posted a pre-tax profit of USD17.2 billion (JOD12.3 billion) in 2017, saying its focus on Asia was driving growth.

The results represent a 141 per cent jump on the USD7.1 billion profit of the previous year.

"A large increase in reported profit before tax reflected both a healthy business and the non-recurrence of significant items from 2016," said group chairman Mark Tucker.

While a stark improvement on 2016's results, the profit is still lower than the USD18.9 billion reported in 2015, BBC reported.