HSBC reports 66% 3Q net profit jumpNovember 9, 2011 - 13:08 AMT PanARMENIAN.Net - HSBC has reported a 66 percent jump in third-quarter net profit despite a drop in earnings from its global banking and markets division. For the three months ending Sept. 30, HSBC said Wednesday, November 9, that its net profit was $5.2 billion, up from $3.2 billion a year earlier. Operating income was up 15 percent to $21.5 billion. Pretax profit its global banking and markets division slumped to $1 billion from $2.1 billion a year earlier. For the first nine months of the year, the bank said net profit was up 46 percent to $14.4 billion, and operating income rose by 7.4 percent to $63.8 billion, The Associated Press reported. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |