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HSBC reports a 5.7 billion USD drop in profit amid sales of its Argentina and Canada operations.
HSBC reported a 5.7 billion USD drop in first-half profit to 15.8 billion USD, citing the sale of its Argentina and Canada operations and losses from Bank of Communications.
Despite a 30% fall in profit after tax to 12.4 billion USD, HSBC maintained confidence in meeting targets and noted a strong performance in international wealth and premier banking.
The bank expects lending demand to remain low for the rest of 2025.
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HSBC informa de una caída de 5,7 mil millones de USD en sus ganancias debido a las ventas de sus operaciones en Argentina y Canadá.