HSBC Bangladesh achieved its highest-ever profit in 2024, with net earnings reaching Tk1,086 crore and marking a 9% increase from the previous year, according to the bank’s audited financial statement.
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The record-breaking performance was driven by reduced borrowing costs and a significant decline in classified loans. By the end of 2024, the bank’s classified loans had fallen to Tk319 crore, down 54% year-on-year.
HSBC’s ability to strengthen asset quality and manage costs efficiently helped propel it past the Tk1,000 crore profit milestone for the first time in its operations in Bangladesh.
