HONG KONG (Yosefardi) – HSBC Holdings plc booked profit before tax of US$198 million in 2014 for Indonesia operation, declined 29% from US$280 million in 2013. In 2012, HSBC booked profit before tax of US$306 million.
Revenue inched up 0.35% to US$561 million last year, compared to US$559 million in 2013. Customer accounts in Indonesia reached US$5.79 billion in 2014, the smallest among Asian countries. In 2013, Indonesia’s accounts reached US$5.86 billion.
2015 is HSBC’s 150th anniversary. Founded in Hong Kong in 1865 to finance local and international trade, the bank expanded rapidly to capture the increasing flow of commerce between Asia, Europe and North America.