MADRID, 1 Ago. (EUROPA PRESS) –
HSBC, the largest European bank by assets, registered net attributable profit of 16,966 million dollars (15,401 million euros) in the first six months of 2023, which is 113% more than the result recorded in the same period of the year by the entity, which will launch a new program to repurchase its own shares for an amount of 2,000 million dollars (1,815 million euros).
Between January and June, the British entity, whose business is mainly concentrated in Asia, reached a turnover of 36,876 million dollars (33,475 million euros), 50.2% above the income of the entity a year earlier .
Specifically, HSBC’s net interest income increased by 36.4%, to 18,264 million dollars (16,579 million euros), while commission income decreased by 2.3%, to 6,085 million dollars (5,524 million of euros).
As of June 30, 2023, the CET1 highest quality core capital ratio increased to 14.7%, from 14.2% on December 31, 2022.
“We have obtained a solid performance in the first half,” said the CEO of HSBC, Noel Quinn, highlighting the boost from higher net interest income and cost control of the entity, which is confident of reaching its revised target of RoTE of around 15%-16% in 2023 and 2024.
Likewise, the executive has announced a second interim dividend of $0.10 per share and a second share buyback in 2023 of up to $2 billion, adding that “substantial additional distribution capacity is still expected in the future.”
