HSBC's pre-tax profit dropped by 12% to £7.3bn in the first half of the year.
For the same period in 2013, the bank made £8.3bn.
It comes as HSBC said it has increased its provision for payment protection insurance (PPI) compensation by £115m.
Last week Lloyds Banking Group and Barclays upped their compensation pots for the mis-selling of PPI.
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