HSBC Holdings Bank announced a profit increase to $8.5 billion in the third quarter, which exceeded analysts' expectations by 10%. This figure compares to the previous indicator of $7.7 billion dollars. The bank, based in London and focused on Asia, also announced plans to buy back additional shares.
"We see that our services in asset management and corporate banking have become more popular amid the gradual decline in interest rates. At the same time, the bank began one of the largest reform processes in its history," HSBC Holdings stated.
Thus, HSBC continues to strengthen its positions, showing profit growth and following strategies for renewal and development.
