The high street bank revealed profits grew from £7.92bn in the first half of 2014 to £8.74bn this year as revenue from transacting banking profits grew 8%.
Stuart Gulliver, Group Chief Executive, felt its performance in the first half of 2015 showed the underlying strength of the business.
“Our diversified, universal model enabled the Group to deliver increased profitability in spite of slow global growth,” said Stuart.
“We are executing the actions that we announced at our Investor Update in June and our focus is on making significant progress during the remainder of the year."
Meanwhile, Group Chairman, Douglas Flint, said HSBC was continuing to invest in changing trade and investment flows such as mobile and digital banking.
“In the continuing low interest rate environment, it is essential we build these incremental revenues and use technology and process improvement to generate further cost savings to offset the growing expenditure," said Douglas, who believes the expenditure is needed to "embed regulatory changes and provide greater assurance over financial crime risks."
“An ever more connected world needs international banking and within this, a diversified universal banking model promotes revenue synergies and resilience.”
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