On an adjusted basis, HSBC said its pre-tax profit fell 12% to $5.3 billion. Analysts predicted HSBC's pre-tax profit to drop 11% to $5.3 billion for the quarter, Reuters reported.
Though the bank is headquartered in London, it earns most of its profits from Asia, particularly. In the first half of this year, the city accounted for 51.7% of the bank's pre-tax profit, according to past financial filings.
Hong Kong has been crippled by widespread and increasingly violent demonstrations since June, which affected the city's many small and medium-sized businesses. HSBC in August announced measures such as interest rebate and fee reduction to help the city's SMEs amid economic uncertainty.
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