Europe's biggest bank, HSBC, has announced a 10% increase in half-year profits to £9.2bn.
The bank said the performance was partly down to a big fall in its costs as it continued to reshape itself, disposing or closing 11 of its businesses in the period.
It takes to 54 the total number of closures or disposals it has carried out since chief executive Stuart Gulliver ordered the restructuring in 2011.
More than 40,000 jobs have been lost as a result.
Underlying costs were down 8% on the same period last year, HSBC said, due mainly to the non-recurrence of provisions for fines and penalties recorded in the first half of 2012 and lower charges from UK customer redress programmes and restructuring costs.
Stuart Gulliver says the pace of restructuring is now starting to slow It said underlying profits of £8.54bn reflected higher revenues, lower loan impairment charges and falling operating expenses.
HSBC's London-listed shares fell by more than 2% on the FTSE 100 in the moments after the results were confirmed - the headline profit figure coming in just under analysts' expectations of £9.5bn.
Hours earlier, it also emerged that HSBC was closing bank accounts for dozens of foreign missions in London.
It was reported that more than 40 different embassies, consulates, and high commissions were affected by the move, which HSBC said was part of a "significantly diminished appetite for the embassy business."
Spokesman Will McSheehy explained the decision was taken amid the wider reassessment of the bank's operations.
Foreign missions traditionally deal in large amounts of cash, something which may have raised uncomfortable questions at a bank that has been buffeted by money laundering scandal.
In 2012 HSBC was slapped with a record £1.9bn fine by the US over claims its bankers had been handling assets belonging to Iran, Libya, and Mexico's murderous drug cartels.
McSheehy said that compliance issues were just one of many factors - such as profitability or efficiency - which the bank had assessed in making its decision on foreign missions.
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