Posts Tagged ‘full year’
HSBC posts fall in pre-tax profits
Europe’s largest bank, HSBC, has today said pre-tax profits fell to $7.07 billion (£4.6 billion) last year compared with $9.3 billion in the previous year.
The banking giant said loan impairments charges and other credit provisions were $26.5 billion in 2009 – a rise of 9% compared with the previous year.
Stephen Green, chairman of the bank, [...]
Lloyds posts £6.3bn annual loss
Lloyds Banking Group, which is 41% owned by the taxpayer, has today posted a full-year loss of £6.3 billion.
Lloyds is the third major UK bank to report its 2009 results. Yesterday, Royal Bank of Scotland (RBS) posted a £3.6 billion loss, while last week, Barclays announced record profits of more than £11 billion – a [...]
RBS posts £3.6bn annual loss
Royal Bank of Scotland (RBS), which is 84% state-owned, has today posted a full-year loss of £3.6 billion.
RBS is the second major UK bank to report its 2009 results. Last week, Barclays announced record profits of more than £11 billion – a 92% rise on the previous year.
However, RBS’ loss is not as bad as [...]
Barclays posts record annual profits
Banking giant Barclays has today reported a 92% rise in full-year profits to £11.6 billion, compared with £6.07 billion in 2008.
The bank said the strong figures were the result of its sale of its fund management division, Barclays Global Investors, for £8.2 billion last summer.
Barclays is one of the few banks not to have received [...]
Xstrata reports fall in full-year profits
Anglo-Swiss mining group, Xstrata, has today reported a fall in full-year pre-tax profits to $1.87 billion (£1.2 billion), against $6.05 billion a year earlier.
However, despite the fall, the company said it will resume dividend payments after scrapping them for the first half of 2009, as a result of growing debt and a slump in [...]