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20 February, 2019 00:00 00 AM
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HSBC pre-tax profit up 16pc at $19.9 bn in 2018

AFP, Hong Kong

Banking giant HSBC said yesterday that pre-tax profit rose 16 percent to $19.9 billion last year with growth across its global businesses despite a "challenging external environment in the fourth quarter". The results capped the first full year at the helm of the Asia-focused bank for chief executive officer John Flint, who has vowed growth while keeping a lid on costs as trade tensions between the United States and China rumble. However, earnings in the last three months of 2018 came in below expectations as Washington's trade war began to bite globally and hammered the stock markets, especially in Hong Kong and China.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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