Bangkok--9 Nov--HSBC
HSBC Holdings plc announces today’s its reported profit before tax for the third quarter of 2011 was US$7.2bn, up US$3.6bn on 3Q10, and for the nine months ended 30 September 2011 was US$18.6bn, up US$4.0bn on the same period in 2010.
The core tier 1 capital ratio was 10.6% at 30 September 2011.
? Reported pre-tax profits in HK and Rest of Asia-Pacific combined up 17% YTD as revenues grew 13% in the same period
? Reported pre-tax profits in Rest of Asia-Pacific up 31% YTD as revenues grew 20% in the same period
o Strong increases in third quarter and year-to-date pre-tax profits
o Significant loan growth in Commercial Banking and Global Banking and Markets
o Fee income grew and loan impairments fell
Peter Wong, Chief Executive of HSBC Asia-Pacific, said: “These results show HSBC remains steadfast and profitable in its Asian heartlands at a time of increasing global uncertainty. I believe our unique footprint and our strategic focus on trade, wealth management and capital flows will position us well for continued success as we connect our customers to opportunities in the world’s faster growing economies.”
Media enquiries to Varanandha Sutthapreeda on 0-2614-4609 or Savittree Muadmuang on 0-2614-4606.