HSBC China’s net profit up 8.6% in 2012

HSBC Bank (China)'s net profit increased 8.6 percent year-on-year in 2012 to 4.48 billion yuan ($723.57 million), according to the lender's financial report released on Wednesday.

By the end of 2012, the total value of loans of HSBC Bank (China) reached 131.9 billion yuan, up 18.6 percent year-on-year, while the total value of deposits was at 182.3 billion yuan, up 16.6 percent year-on-year.

The total assets’ value of the lender reached 298.5 billion yuan, up 11 percent year-on-year. The bank’s capital adequacy ratio by the end of 2012 was at 16.7 percent, 2.7 percentage points higher than in 2011.

HSBC Bank (China) opened 26 branches and sub-branches in 2012. By the end of the year, the lender was present in 141 locations, including 27 branches and 114 sub-branches.