HSBC has reported its annual pre-tax profit more than doubled to 18.9 billion US dollars (£13.9 billion) for the year ending December 31.
The figure represents a 10.1-billion-dollar (£7.4 b) increase on the same period in 2020, when pre-tax profits fell 34% on the year before.
The bank said the increase was driven by a net release of expected credit losses and other credit impairment charges, along with a higher share of profit from its associates.
