Its financial report showed that the UK business reported a profit before tax of £2.5bn ($3.3bn), a 7% fall compared to last year.
HSBC UK saw a 4% annual rise in its revenue to £4.6bn ($6.2bn), and it said that despite reductions in interest rates, its banking net interest income rose by 6% £3.9bn ($5.3bn).
Overall, customer lending grew by £5.9bn ($8bn) across HSBC UK in the first half of this year.
The group reported a 29% slump in its profit before tax to £11.8bn ($15.8bn), owing to impairment losses associated with BoCom, its Chinese banking arm.
Georges Elhedery, group CEO of HSBC, said its mission to become a “simple, more agile, focused organisation” was more important as the economy became less certain.
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He added: “Looking ahead, with firm foundations in place, clarity in our strategy, discipline in our execution and dynamism in our culture, momentum continues to build. We are confident in our ability to deliver against our targets, including a mid-teens RoTE, excluding notable items, for 2025, 2026 and 2027.
“We are working towards achieving our ambition of becoming the most trusted bank globally, putting customers at the heart of everything we do. By doing this, we remain focused on generating strategic growth and delivering attractive returns.”
