HSBC's annual profits rose 15% to £13.8bn in what it called a year of "major progress". The bank singled out its "strong performance" in faster-growing markets, with revenue up 12% in Asia, Latin America and Middle East and North Africa. It said these regions now accounted for 49% of group revenue. HSBC also said it had had a record year in commercial banking, with profit before tax up 31% at almost £5bn.
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