The UK bank has reported a profit growth across three main segments in 2022 with the outstanding balance of structured notes going up by 32.4% at year-end.
Reported net profit at HSBC continued to increase in 2022, reaching US$16.7 billion including a US$2.2 billion credit arising from the recognition of a deferred tax asset – the bank’s profit was up 13.6% year-on-year (YoY), according to the bank's 2022 annual report. Reported revenue grew four percent to US$51.7 billion, driven by ‘strong growth in net interest income, with increases in all of [its] global businesses, and higher revenue from global foreign exchange in global b
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