Staff Correspondent:

HSBC Bangladesh’s profit reached Tk1,000 crore mark in 2024, which was its highest ever.

According to the bank’s financial statement, its net profit stood at Tk1,086 crore last year, 9% higher than the previous year.

The bank managed to reduce borrowing costs and classified loans significantly, spurring it on to post record profit, as per the audited accounts.

At the end of last year, HSBC’s classified loans stood at Tk319 crore, which was 54% lower compared to the previous year.