The HSBC banking group in 2015 had a net profit decline of 1.2% and an unexpected loss in the fourth quarter, the bank Monday, focusing on the effects of the turbulence affecting the global economy.
the group net profit was 13.520 million dollars last year, according to a filing with the Hong Kong Stock Exchange.
in the fourth quarter of last year, the bank suffered a loss before tax of 858 million. The figure was a big surprise, as five analysts interviewed by Bloomberg betting medium for a profit before tax of 1,950 million dollars.
In addition, the profit before taxes for 2015 was 18.900 billion, below the forecast of analysts (21,800 million).
the turnover of the group on the other hand fell by 2.36% to 59,800 million.
Nevertheless, in the statement the bank’s chairman, Douglas Flint, described the performance of the group “generally satisfactory”.
“We did not expect them to have a loss” quarterly, recognized an analyst financial, Jackson Wong, Simsen Securities. “I think the losses are related to the oil and raw materials,” he added.
The 2015 was a difficult year for the collapse in the prices of many raw materials, particularly oil. The phenomenon is partly due to the slowdown in demand in China, whose economy is growing at the lowest level in 25 years.
Neither helped the movements of panic in global stock markets, especially in China.
Affected by a series of scandals and disappointing financial results, HSBC anunió in June an ambitious restructuring plan, which included the elimination of 50,000 jobs and the transfer of its activities in Brazil and Turkey.
the Chief executive Stuart Gulliver said Monday in a statement that cost-cutting measures were already “making a difference”.
However, the group announced that finally will retain its activities in Turkey . For its part, Flint indicated that the transfer of activities in Brazil is almost complete
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