HSBC Bank, which is the largest in Europe, announced annual revenues of 65.85 billion dollars, which is lower than last year's 66.1 billion dollars. The turnover for the whole year is expected to amount to 66.52 billion dollars, while the profit is 32.63 billion dollars.
According to expected analytics, HSBC Bank reported a significant amount of taxable income of 32.31 billion dollars in the last year, which is 3.1 billion dollars lower than the year before. In the fourth quarter, the bank's profit doubled compared to last year by almost 2.3 billion dollars, as the institution shifted its expenses reduction strategy to 3 billion dollars.
