# HSBC reported a slight contraction in profits citing significant credit impairments linked to the Iran war.

*fintech · news · 2026-05-05 · Euronews*

## Key points

- HSBC reported a 1.1% drop in pre-tax profit, missing analyst forecasts for Q1 2026.
- HSBC's credit impairment charges surged to $1.3 billion, mainly due to the Iran war's impact.
- UniCredit outperformed expectations, raising its 2026 net profit target to at least €11 billion.
- AB Inbev's no-alcohol and Beyond Beer segments saw revenue growth of 27% and 37%, respectively.

**Companies:** HSBC, Deutsche Bank, Santander, UBS, AB Inbev, UniCredit
**Countries:** UK, Italy, Germany, Spain

[Read the full story on Euronews](https://www.euronews.com/business/2026/05/05/european-banks-show-mixed-results-as-hsbc-profits-dip-while-unicredits-rise)

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