27 October 2020 - 3Q results

In the three months to 30 September the bank reported adjusted pre-tax profits of $4.3bn compared with $5.4bn last year. Revenue for the period declined to $12.1bn from $13.3bn as the company suffered from the effect of the pandemic.  No dividend was recommended as the regulator still will not allow this although the bank's position on this will be reviewed at the year end as the bank would like to make some sort of payment for 2020 if allowed by the regulator.  Continue to BUY

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