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The HSBC banking group announced on Tuesday a drop of 46% on one year of its net profit part of the group in the third quarter of 2022, which it attributes to the planned sale of its retail banking activities in France.
De juillet à septembre, le befência net d’HSBC a atteint 1.913 billion dollars, against 3.543 billion sur la même période en 2021.
The group’s pre-tax net profit fell 41.7%, according to the group’s financial statement, to 3.1 billion dollars.
Une chute liée “à la reclassification de nos activités de détail en France dans la catégorie des actifs detenues en vue de la sale”, indicates the groupe dans son rapport financier.
HSBC announced in June 2021 the sale of its retail activities in France to the French bank My Money Group, for a symbolic euro.
Celle-ci follows its course et devrait être effective au deuxième semestre 2023. The major part of effectifs et des revenues faits en Europe continentale par HSBC sont réalisés en France.
Le géant bancaire, whose headquarters are in London, has indicated that it is also studying the sale of its activities in Canada.
Ces résultats sont cependant meilleurs que les estimations des analysts, stimulés par la hausse des taux d’intérêt qui rend les loans plus rentables.
Le directeur général Noel Quinn declared that the bank was concentrating on the realization of a return objective of at least 12% for the next year and on the reduction of costs.
“We have maintained a rigorous control of costs, despite inflationary pressures, and we are on track to achieve our cost objectives for 2022 and 2023,” he said in the financial report.
– Pivot vers l’Asie –
HSBC et d’autres grandes banques du Royaume-Uni avait canceled their dividends at the beginning of the Covid-19 pandemic on the order of the Banque d’Angleterre, une decision qui avait contrarié certains shareholders à Hong Kong.
La management de la banque est aujourd’hui sous pression d’sharenaires qui voudraient split ses activités asiatiques, afin de dégage davantage de valeur dans un contexte de tensions accrued entre la Chine et l’Occident.
This is notably the case of the principal shareholder, Ping An Insurance Group, which holds 9.2% of HSBC shares and proposes a restructuring offer.
Jusqu’à présent, the executives of HSBC ont rejected these appeals.
The bank’s top executives are attending Hong Kong next week for a bankers’ summit organized by the financial center, which lifted the mandatory quarantine for all international arrivals last month.
Over the weekend, Chinese leader Xi Jinping reasserted his grip on power and won a third five-year mandate, confiding in positions of responsibility to his close allies, who notably support the “zero Covid” policy.
Cette politique sanitaire draconian plombe l’économie chinoise, et la prospect de nouveaux bouleversements inquiète les investors, dans un contexte d’incertitude mondiale liée à la war en Ukraine.
Last year, HSBC promised to accelerate a pluriannual strategic focus towards Asia and the Middle East, with the ambition of becoming the leader of the Asian heritage management market.
The bank said it invested 6 billion dollars in Hong Kong, China and Singapore and hired more than 5,000 wealth advisers, while cutting 35,000 jobs and reducing its retail operations in the United States and France. .