The Business Times
business-time-50

HSBC more than doubles pre-tax profits to US$17.2b in 2017

google-preferred-sourceAdd BT as a preferred source
Published Tue, Feb 20, 2018 · 05:32 AM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [HONG KONG] Banking giant HSBC more than doubled pre-tax profit to US$17.2 billion in 2017, it announced on Tuesday, after a recovery drive to streamline its business and slash costs.

    Adjusted pre-tax profit also rose 11 per cent year-on-year to US$21 billion as revenue growth outweighed operating expenses, the bank said.

    AFP

    HSBC

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Andrew Lee, chairman of OCBC (right), and group chief executive Tan Teck Long speaking at Thursday's (Apr 16) AGM.

    Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman

    Marco Beltgens, assistant vice-president of global franchising for the Asia-Pacific at Enterprise Mobility, with Charmain Kwee, group executive director of Eurokars Group.

    Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore

    The iconic rainbow blocks of Rochor Centre were demolished in 2018 to 2019 to make way for the North-South Corridor.

    20 photos that show how dramatically Singapore has changed in two decades

    Key exports to all but four of Singapore’s top 10 markets have risen in March.

    Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More