HSBC Holdings plc has released its interim
results for the half-year to 30 June 2010.
Overall, the group performed well, with
pre-tax profits rising 121% to $11.1 billion (€8.44 billion),
compared to $5.02 billion in the first half of 2009.
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Its structured and asset finance arm, under
which its leasing activities fall, also performed well, with a
total operating income of $260 million in the half year to 30 June,
compared to $137 million in the same period last year.
It has also been reported that Spanish banking
group Santander agreed to buy of $4.3 billion worth of vehicle
loans from HSBC’s U.S. consumer finance business, which is in the
process of being wound down.
Interim results from banking groups across
Europe are expected to be released this week.
For a full report, see the September
edition of Leasing Life.
claire.hack@vrlfinancialnews.com
