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HSBC Holdings profit after tax down 69%

Christian Fernsby ▼ | August 3, 2020
HSBC Holdings Reported profit after tax down 69% to $3.1bn and reported profit before tax down 65% to $4.3bn.
HSBC Holdings
HSBC Holdings   Profit before tax down 65%
"In Asia, we reported profit before tax of $7.4bn in 1H20, despite higher ECL, demonstrating the strength and continued resilience of our operations in the region and underlining the importance of Asia to the Group.

Topics: HSBC Holdings

"Reported revenue down 9% to $26.7bn.

"Net interest margin (‘NIM’) of 1.43% in 1H20, down 18 basis points (‘bps’) from 1H19."