It is reported that due to the global epidemic, many loans of HSBC were turned into non-performing loans and were hit by low interest rates, but the profit decline in the first half of this year still far exceeded analysts' expectations. At present, HSBC has allocated 8 billion to 654.38+0.3 billion US dollars to solve the non-performing loans, but it is expected that more people and enterprises will default on repayment.
On August 3rd, Qi Yaonian, Chief Executive Officer of HSBC Group, said that the number of employees in the group decreased by 4,000 in the first half of the year, including 80 branches in the United States, with the scale reduced by about 60%. In addition, the financial report released by HSBC on Monday showed that the pre-tax profit in the first half of the year decreased by 65% year-on-year to $4.3 billion, and the after-tax profit decreased by 69% to $3 1 billion.
HSBC Holdings announced the resumption of layoffs in mid-June. On August 3rd, Noel Quinn, CEO of the group, said that the number of employees of the group decreased by 4,000 in the first half of the year, of which 80 branches in the US business have been closed, and the scale has been reduced by about 60%.
As of June 30, 2020, HSBC's pre-tax profit in Asia was US$ 7.369 billion, accounting for 65.438+070.7% of HSBC's total global pre-tax profit, of which Europe lost US$ 3.06 billion, accounting for -70.9%.
On July 24th, Shenzhen Banking Insurance Regulatory Bureau agreed to close Shenzhen Longgang Sub-branch of HSBC, and all industrial and commercial registration cancellation procedures should be handled in time. It is reported that this is the sixth bank closed by HSBC in China this year. According to relevant data, most of HSBC's net profit in Asia comes from China.
According to the latest interim financial report, as of the end of June, HSBC's accounting benchmark pre-tax profit was USD 4,365,438 +0.8 billion, down 65.2% year-on-year, mainly due to the five-fold increase in expected credit loss (ECL).