HSBC's profits total £13.8 billion Unlike the part-nationalised Royal Bank of Scotland and Lloyds, HSBC has managed to report profits of £13.8 billion. The Hongkong and Shanghai Banking Corporation, which makes an estimated 90 per cent of its money outside Britain, has benefited from its exposure to emerging markets in Asia, but says its UK pre-tax profits rose 17 per cent to £1.5 billion. Overall the 15 per cent profit increase is among the biggest ever reported by a British company, and close to its record of around £15 billion set in 2007. Chief executive Stuart Gulliver is to be awarded a total pay package of up to £6.7 million for 2010, as his £2 million salary and allowances will be boosted by a £2.2 million bonus and other long-term incentives. The final element will be in shares and cannot be sold until he retires or leaves HSBC. Mr Gulliver said 2011 was "a year of major progress for HSBC." He said: "I am pleased with our progress but there is a lot more to do and we remain focused on delivering our targets."