ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

HSBC signals plan to resume dividend as loan losses stabilize

Bank also flags shift to fee-based businesses as low rates cripple revenue

HSBC did not pay a dividend this year on orders from British regulators, angering investors.   © Reuters

HONG KONG -- HSBC Holdings flagged a desire to resume paying dividends next year as coronavirus-induced loan losses stabilized, and said it plans to shift focus toward fee-generating businesses and reduce reliance on interest income.

The bank's plans follow better than expected third-quarter results after provisions for loan losses dropped for the first time since the onset of the coronavirus pandemic -- indicating the economy recovery underway.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more