"Our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong and the Pearl River Delta", said Gulliver, referring to the affluent industrialized region in Guangdong Province.
It reported net income of almost US$3 billion, swinging from a loss of US$617 million the previous year as revenue climbed 38 percent to US$13.2 billion.
"Our worldwide network continued to deliver strong growth in the third quarter", Gulliver said in a statement on Monday, "our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong and the Pearl River Delta".
Asia was the key growth driver in loans, insurance and wealth management, the bank said.
The bank's third quarter 2016 reported pre-tax profit came in at $843 million and adjusted revenue was at $12.8 billion.
The London-based global bank said pretax profit rose to $4.6 billion in the July-September period, a more than fivefold increase from $843 million a year ago.
As of 08:14 BST, HSBC's share price had given up 0.55 percent to 744.20p, underperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.28 percent lower at 7,483.90 points.
Analysts had expected the bank, which is listed in Hong Kong , London and NY , to report an increase in third-quarter pre-tax profit and revenue, helped by the continuous cost-cutting effort and a low base from a year ago.
On an adjusted basis, revenues rose 3% to US$13.03bn and pre-tax profit dipped 1% to US$5.44bn.
HSBC's latest financial statement showed once again the company's ability to pick itself up after the global financial crisis.
At a regional level, while Asia contributed the greatest revenue growth and 70% of group adjusted profit in the first nine months of the year, Europe contributed its second quarterly loss of the year.
Investors and analysts interpreted the results as another sign the bank's turnaround, which CEO Stuart Gulliver started in 2011 and accelerated in 2015, is gaining traction. Its results have also been boosted by the bank's cost-cutting programmes, and its increased focus on Asia.
Chief executive Stuart Gulliver, who will hand over to his recently promoted successor John Flint in February, said the bank had continued to make good progress with the strategic actions we set out in 2015, chief of which was a renewed push into China and Asia. Flint moves into the top spot after working as head of HSBC's retail and wealth management arm.
His Asian stint will be crucial for HSBC as he is likely to continue Mr Gulliver's so called "pivot" to the fast-growing continent.
This will help bolster the bank's CET1 ratio and will also support further share buybacks, which has buttressed its share price in recent months.
Khamenei, who has the final say on Iran's state matters, welcomed European support but said it was not sufficient. He further said that "West has no right to ask why Iran is present in the region, or why Iran has missiles".
Here are all the specifications, features, pricing and availability details you need to know about the Mate 10 and Mate 10 Pro . On top of all of that, the phone's design has been shown off here, that applies to both the Mate 10 and Mate 10 Pro , actually.
When asked to comment on Friday, a Twitter press officer pointed to the company's statement about why it locked Ms. I was ignored", she further alleged. "Any allegations of non-consensual contact are unequivocally denied by Mr.
There is no "structural impairment" in Fultz's shoulder, and he will continue physiotherapy treatment, the team said. It doesn't appear that Fultz's injury is as grievous as the other's, but you just never know with the 76ers.
A Kante-less Chelsea play Bournemouth in the Premier League on Saturday where points can't afford to be dropped. Chelsea's head of communications Steve Atkins told the same gathering: "These stories are absolute nonsense".
I demand that the police take action against Raja for watching a pirated version of a new film and arrest him", Sampath said. Mohammed Riyas said: "We can not understand why the BJP is so antithetical to cinema dialogues critical of its government".
The Super Nt is Analogue's $190 update of the Super Nintendo that adds support for HDMI and full HD 1080p without introducing lag. We can't forget the Super Mario World lime green 3DS and for Metroid fans, there was a special 3DS for you as well.
A Coast Guard helicopter, along with Coast Guard vessels and boats from local agencies, continued looking for the missing worker. Five of them were taken to medical center at the University, and two more were taken to hospital in Jefferson County.
Presumably this won't work in handheld mode, because there's no wireless connectivity between the Switch and its dock. In the console's latest system update , support for the classic controllers was added with no announcement.
A cozy lounge chair makes for a great seat, as does simply lying on your back on a blanket, eyes scanning the whole sky. Melissa Hulbert said, "This year it's predicted to be at the lower end of the scale, around 20-30 meteors per hour".
Australian Govt loses majority after court ruling
The other four politicians - Fiona Nash, Malcolm Roberts, Larissa Waters and Scott Ludlam - had been elected to the Senate. Joyce gave the Coalition government its one seat majority in the house.
Nvidia launches GeForce GTX 1070 Ti at Rs 39000
NVIDIA has also published a "Destiny 2 Graphics and Performance Guide" to show how to get the best compromise on your gaming PC. The key difference is that where the 1080 enables the full GP104 chip, the GTX 1070 Ti disables one SMM cluster of 128 cores.
Ind vs NZ series: Reward for domestic show
Iyer had been part of the India under-19 squad as well and was part of the side that finished fifth in the 2014 World Cup in UAE. However, whether Nehra will be included in the playing XI completely depends on the team management.
Kid Rock turns down Senate run on 'Howard Stern'
Who also said: " Kid Rock pulled out of the Senate race when told he'd have to wash his hair for group pictures". Rock - born Robert James Ritchie - had made news earlier this year when he publicly mulled a U.S.
Ikea dresser, already recalled, reportedly kills 8th child
Millions of the Sweedish retailer's unsteady dressers were recalled due to the possibility of deadly tipping accidents. The father returned to the room to discover the Ikea dresser had toppled over, with the toddler underneath of it.
Other Views: NFL respects right to protest
Trump has expanded his target to include National Football League owners who do not mandate their players stand. The Trump campaign released a petition encouraging everyone to stand for the national anthem .
Get the Windows 10 Fall Creators Update right now
Although most of the features were showcased in the video, Microsoft is expecting to release more in the coming months. Users can check whether or not the update is available for them by heading over to Windows Update.
Trump's UK Trip Downgraded After Pushback
It was immediately criticised as a breach of convention , as state visits are usually reserved for a president's second term. After inspecting a Guard of Honour, the visiting party then travels in a carriage procession to Buckingham Palace.