Both HSBC and Standard Chartered count Hong Kong as their biggest market and generate the bulk of their profit in Asia. Photo: Bloomberg
Both HSBC and Standard Chartered count Hong Kong as their biggest market and generate the bulk of their profit in Asia. Photo: Bloomberg

HSBC, Standard Chartered results likely to be hit by loan loss provisions once again, analysts say

  • Standard Chartered is first of city’s currency-issuing banks to report results on Thursday
  • Analysts expect HSBC and Standard Chartered to report a combined US$3.4 billion in loan loss provisions for the second quarter

Both HSBC and Standard Chartered count Hong Kong as their biggest market and generate the bulk of their profit in Asia. Photo: Bloomberg
Both HSBC and Standard Chartered count Hong Kong as their biggest market and generate the bulk of their profit in Asia. Photo: Bloomberg
READ FULL ARTICLE