HSBC Holdings said this morning its performance was resilient in the third quarter as it boosted revenue in key divisions.
There were "encouraging revenue trends" towards the end of the quarter, particularly in consumer finance and personal financial services, the London-based bank, the world's second-biggest bank by market value, said.
The bank said credit quality was stable in the third quarter with an improvement in Hong Kong, though it warned of provisions against " a small number" of western European companies.
HSBC made its biggest acquisition in March with the $14.8 billion takeover of US consumer finance company Household International. It also bought Bital, Mexico's fifth-biggest bank, last year.
HSBC said today that cost and revenue benefits from buying Bital and Household were "at or better than expectations in most areas".
The bank's shares were up 0.5 per cent to 878 pence at 8.38 a.m.
AFP
