HSBC Holdings Plc. has maintained its strong momentum in the third quarter, delivering good results, a senior bank official said on Tuesday.

"Our strategy has produced good organic growth in all three global businesses, and net interest income increased on the back of rising interest rates," Noel Quinn, group chief executive of HSBC Holdings Plc said.

"We retained a tight grip on costs, despite inflationary pressures, and remain on track to achieve our cost targets for 2022 and 2023. We are focused on executing our plans and delivering our returns target of at least 12 percent from 2023 onwards and, as a result, delivering higher distributions to our shareholders," he added.

On its financial performance for the third quarter of 2022, HSBC reported that profit after tax decreased $1.7 billion to $2.6 billion and reported profit before tax fell $2.3 billion to $3.1 billion.

"Our third quarter 2022 results included an impairment of $2.4 billion following the reclassification of our retail banking operations in France, as well as a net charge for expected credit losses and other credit impairment charges, compared with a net release on the third quarter of 2021," Quinn said.

There was continued strong growth in net interest income. Adjusted profit before tax increased $1.0 billion to $6.5 billion.

Reported revenue decreased 3 percent to $11.6 billion, reflecting an impairment on the planned disposal of its retail banking operations in France, as well as adverse foreign currency translation impacts of $1.0 billion.

"However, net interest income increased in all of our global businesses because of interest rate rises. Adjusted revenue rose 28 percent to $14.3 billion," Quinn added.