HSBC Holdings has achieved a better quarterly profits from the expectations Tuesday, just $ 400 million to cover poor loans because of the pandemic.
According to Arab Net, successful vaccination campaigns in major markets with a more powerful economic future.
But the bank warned that the fog on global recovery means that it is unlikely to continue to reduce the lower debt allocations, which are $ 3 billion, which side a year ago when the pandemic is intended.
In this context, Financial Officer Owen Stevenson told Reuters relatively be careful and keep us nearly 70% of its allies last year.
"We expect part of them throughout next year or so, but we do not know if we will see what we have recently seen,
The largest European banks in terms of assets announced the achievement of profits before taxes 5.78 billion in the three months, which ended March 30 up from 3.21 billion a year ago, and higher than analysts at 3.35 billion analysts.
The bank, most of its earnings from Asia, said credit losses in 2021 is likely to be less than 30 and 40 basis points according to the bank's expectations in February.
