BSS
  22 Feb 2022, 11:09

HSBC says pre-tax 2021 profits doubled, announces $1bn share buyback

  HONG KONG, Feb 22, 2022 (BSS/AFP) - HSBC's pre-tax profit more than doubled

in 2021, the firm said Tuesday as it also announced plans to initiate a share
buyback of as much as $1 billion for investors.

  In a statement to the Hong Kong stock exchange, the banking giant reported
pre-tax profit of $18.9 billion in 2021, up $10.1 billion on the year before.
Profit after tax was up $8.6 billion to $14.7 billion.