LONDON - Europe’s biggest bank has reported its net profit jumped 30 per cent in 2018 from the previous year to $12.6 billion. Pre-tax profit rose 16 per cent to $19.9 billion, but lagged analysts’ estimates. For the fourth quarter, adjusted pre-tax profit was $3.4 billion, also below forecasts. Net profit in the October to December quarter was $1.5 billion. Asia accounted for 89.5 per cent of pre-tax profit in 2018.

Source: thestar February 19, 2019 05:26 UTC