Underlying profit before tax for the year ended on 31 December 2012, stood at $16.4bn, with an increase of 18% compared to the same during the comparable period a year ago.

Underlying revenues for the Group stood at $63.5bn, up by 7%; while global banking and markets revenues stood at $18.2bn, up by 10%, from the same period earlier year.

Commercial Banking revenues were $15.9bn, up 8% and reported profit before tax of $8.5bn, an increase of 7%.

Retail banking and wealth management reported that revenues surged by 6% to $27.7bn, compared to the same period a year ago.

At the end of 31 December 2012, its Core tier 1 capital ratio was 12.3%, up from 10.1% during December 2011.

Its Estimated Basel III end point common equity tier 1 ratio (CET1) 10.3% post-2013 management actions and 9.0% at end 2012, providing strong capacity for organic growth.