Mortgage News

HSBC's mortgage book shrinks but profits jump

Monday 5th of October 2009

The bank's latest general disclosure statement (GDS) showed net profit jumped 34.4% to $12.7 million in the three months ended June, taking net profit for the six months ended June to $25.8 million up 86.4% on the same six months a year earlier.

The quarterly increase was despite a $1.2 million increase in charges against profit for impaired loans, taking such charges for the six months...

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