British banking giant HSBC posted a pretax profit of $13.6bn for the first half of 2015, an increase of 10% from $12.3bn a year earlier.
Asia accounted for nearly 70% of the bank’s pre-tax profit.
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HSBC CEO Stuart Gulliver praised the performance of its Asian operations.
"Strong revenue performance across our Asia businesses helped drive increased profits and Global Banking and Markets had a good six months," Gulliver said.
For the first half ended 30 June 2015, the group’s adjusted revenue rose by 4% to $30.78bn. Adjusted operating expenses rose by 7% to $17.64bn reflecting investment in growth, and regulatory programmes and compliance costs.
The retail banking and wealth management business of HSBC posted a pre-tax profit of $3.36bn for the first six months of 2015, up from $3bn a year ago.
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By GlobalDataThe bank did not provide an update on any decision to relocate its headquarters from Canary Wharf in east London to Hong Kong.
However, the bank’s chairman Douglas Flint said that the bank was pressing on with its plans to base its ringfenced UK high street bank in Birmingham.
