HSBC Holdings PLC full-year profit missed analyst expectations after the bank was hit by the high-profile collapses of two borrowers in the U.K. and South Africa. Debt related to South African retailer Steinhoff International Holdings NV and U.K. services and construction company Carillion PLC helped push the bank's bad loan charges to $1.77 billion for the year, more than expected. Steinhoff announced in December it had found accounting irregularities and is restructuring. Carillion went bust in January. It is HSBC's last set of full-year results under Chief Executive Stuart Gulliver, who retires from the role Tuesday after 38 years with the bank. Mr. Gulliver in an interview said his seven years as CEO produced "satisfactory" outcomes for shareholders, in a period marked by several damaging scandals for HSBC and broader shifts in banking regulation and profitability. HSBC said its 2017 net profit surged to $9.68 billion from $1.30 billion a year earlier, in part thanks to higher revenue from Asia. Full-year revenue rose to $51.45 billion from $47.97 billion. Pretax profit of $17.17 billion was less than the $19.55 billion estimated in a poll of 20 analysts conducted by FactSet.via