HSBC Holdings made a profit on ordinary activities before tax of US$17,608 million in 2004, an increase of US$4,792 million, or 37 per cent, compared with 2003.

Group Private Banking, one of the five customer groups within the HSBC Group, made a contribution of US$693 million pre-tax profits before goodwill amortisation, a 23 per cent growth on 2003.

For full details of the results, please visit the HSBC Group website.

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