HSBC Holdings PLC HSBC, -2.03% reported a net loss of US$1.33 billion for the 2015 fourth quarter, compared with a net profit of $511 million a year earlier.

The results fuel investors' worries that slower growth in Asia would kick off a rise in bad loans and lower revenue for HSBC and rivals such as Standard Chartered PLC (STAN.LN).

Last week, HSBC reiterated its ambitions to grow in China and Asia despite a decision to keep its headquarters in London.

The British bank said net profit for the year was $13.52 billion, down from $13.69 billion in 2014. Its revenue declined to $59.8 billion in 2015 from $61.25 billion. Its pretax profit rose 1% to $18.87 billion from $18.68 billion. Restructuring costs were $117 million in 2015.

HSBC is trying to improve the bank's returns under Chief Executive Stuart Gulliver by pulling out of countries and exiting low-earning businesses. However, not all its disposals have gone according to plan. Tue bank said Monday it has abandoned a plan to sell its Turkish bank and will instead seek to restructure it.

The bank said it will pay a 21-cent dividend for the fourth interim period.

Write to Anjie Zheng at anjie.zheng@wsj.com