Arab Today, arab today hsbc bank net profit slides 18 in first quarter
Last Updated : GMT 15:54:03
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Arab Today, arab today

HSBC bank: Net profit slides 18% in first quarter

Arab Today, arab today

Arab Today, arab today HSBC bank: Net profit slides 18% in first quarter

Arab Today

Bank giant HSBC said on Wednesday that its net profit slid 18 percent in the first quarter compared with the outcome one year earlier, on lower revenues. Profit after tax stood at $5.069 billion (3.64 billion euros) in the three months to the end of March compared with $6.211 billion in the first quarter of 2013, the British bank said in an earnings statement.

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