LONDON (dpa-AFX) - Grupo Financiero HSBC, S.A. DE C.V. reported that net income for the nine months to 30 September 2013 was MXN 3.005 billion, a decrease of 31.9% compared with MXN 4.413 billion in the same period in 2012.
Net income before tax for the period was MXN 4.121 billion, down 25.1% from last year's MXN 5.502 billion.
Total operating income, net of loan impairment charges, for the nine-month period was MXN 20.186 billion, a decrease of 7.7% compared with MXN 21.860 billion in the previous year.
Administrative and personnel expenses declined to MXN 16.096 billion, from MXN 16.393 billion in the previous year.
Net interest income for the period increased to MXN 17.02 billion from MXN 16.37 billion.
Grupo Financiero HSBC is a 99.99% directly owned subsidiary of HSBC Latin America Holdings (UK) Limited, which is a wholly owned subsidiary of HSBC Holdings plc (HSBA.L, HBC) and a member of the HSBC Group.
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© 2013 AFX News
