LONDON/HONG KONG: Prospects for higher dividends at HSBC dimmed on Tuesday after Europe´s biggest bank reported a 14 percent drop in quarterly profit and flat capital reserves. While the drop in first quarter profit was less than expected, HSBC´s key capital ratio was unchanged from the end of 2015 at 11.9 percent against analyst forecasts for 12.1 percent.
That shows the challenge the bank faces to build capital buffers large enough to grow its 8 percent dividend - something management is committed to.
The payout is already the highest among major European lenders, according to Thomson Reuters data.
People walk out of a branch of Mashreq bank at Dubai Internet City on Feb. 5, 2012. — Reuters/FileKARACHI: Mashreq...
A Dubai Islamic Bank building seen in this undated photo. — The News/File KARACHI: Dubai Islamic Bank Pakistan...
The image shows the logo of the Securities and Exchange Commission of Pakistan . — APP/FileISLAMABAD: The Securities...
A representational image of gold bangles. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs500 per...
This representational image shows the Electric Cars. — Unsplash/FileNew York: Global policymakers are imposing new...
This image portrays a "Tax Return" written by a typewriter. — Unsplash/FileLAHORE: The government is planning to...
