HSBC Set to Grow LatAm Gross Profits 40% in 3-4 Years

BNamericas, 6 September 2006UK bank HSBC is aiming to boost gross profits from its Latin American operations 40% to some US$1.4bn over the next 3-4 years, an HSBC spokesperson told BNamericas.That growth target aims to boost the region's contribution to HSBC's worldwide gross profit to 10-12% from 7.5%, the spokesperson said. Today, Mexico alone accounts for half HSBC's profit in the region at