Tag Archives | Profits

HSBC Expects Iraq Profits to Soar

HSBC has said that it is "remarkably bullish on Iraq" and expects bank profitability in the country to increase by 100 times within 10 to 20 years, Bloomberg has reported. "There is more lending activity as the economy gets stronger," James Hogan, country manager of HSBC Holdings said. HSBC entered the Iraq's post-war banking sector […]