The British HSBC bank posted more profit in the first quarter, while revenues were also on the rise. Profit before tax rose 31 percent to $ 6.2 billion compared to a year earlier.
Income increased by 5 percent to 14.4 billion dollars. HSBC achieved higher revenues with its consumer activities and asset management. In addition, the bank set aside nearly $ 900 million in the first quarter of last year due to a judicial investigation into the sale of bad American mortgages.
HSBC CEO John Flint spoke of encouraging results, especially given the increased economic uncertainty in the world. The financial group continues to look for opportunities to save costs.