Europe’s biggest bank, HSBC has revealed that it has seen more than doubled of its profit in the first half of 2021 as it benefited from an economic rebound in Britain and Hong Kong.
The Banking Giant saw pre-tax profit for the period rise to $10.8bn (£7.8bn), compared to $4.3bn from the same period in 2020.
The bank said all regions had been profitable in the period.
HSBC chief executive, Noel Quinn said, “I’m pleased with the momentum generated around our growth and transformation plans, with good delivery against all four pillars of our strategy. In particular, we have taken firm steps to define the future of our US and continental Europe businesses.”
The profit is coming as the global economy emerges from the impact of the coronavirus pandemic.