Between January and June, the HSBC group’s revenue declined by 8.5% year-on-year, reaching 34.122 billion dollars (29.532 billion euros), as indicated in a statement released today to the Hong Kong Stock Exchange, where the bank is listed.
The institution attributed the declines to a higher comparative base, resulting from extraordinary gains from the sale of its businesses in Canada and Argentina in the first half of 2024.
Despite the decrease, CEO Georges Elhedery stated that HSBC is facing “this period of economic uncertainty and market volatility from a position of strength.”
