HSBC Bank Malta plc

HSBC Bank Malta plc - Quote

02/12/2016      
Closing Price (€) 1.855 Change (€) 0.000
TWAP (€) 1.855 No. of Trades 1
Day's High (€) 1.855 Change (%) 0%
Day's Low (€) 1.855 Turnover (shares) 3,000
E.P.S (€) 0.082 Shares in issue (000) 360,306
P/E Ratio 22.62 Market Cap. (€000) 668,368
Gross Div. Yield (%) 4.15 Gross Dividend (€) 0.077
NAV per Share (€) 1.323 Indicative Div. Date April/September
Price to NAV (times) 1.400 Dividend Cover (times) 1.630
2016 High (€) 1.930 2016 Low (€) 1.550

HSBC Bank Malta plc - Profile

In June 1999, HSBC Holdings plc acquired 70.03% of the shareholding of the then Mid-Med Bank plc from the Government of Malta for a consideration of €200,559,050. The Bank was subsequently renamed HSBC Bank Malta plc. The remaining 29.97% of the shares remain in the hands of the public.

The origins of HSBC Bank Malta date back to 1882 when the Anglo-Egyptian bank was established. This bank subsequently became Barclays Bank Dominion and Overseas. In 1975, the business of Barclays Bank International Ltd. was taken over by Mid-Med Bank Ltd.

The bank is authorised to carry on the business of banking under the Banking Act, 1994 as a credit institution. It is also an authorised dealer in terms of the Exchange Control Act (Cap.233) and a licensed financial intermediary in terms of the Financial Markets Act, 1990. The bank also holds a Category 3 and a Category 4 Investment Services licence issued by the Malta Financial Services Authority in terms of the Investment Services Act, 1994. These licences authorise the bank to provide both investment services to third parties and trustee or custodian services for collective investment schemes.

HSBC Bank Malta plc has several branches and agencies in Malta and Gozo and offers a diversified range of financial services. Some of the services offered include personal and commercial banking, fund management and administrative services, treasury management, international banking, capital market and investment services, and life assurance.

HSBC Bank Malta plc is a member of the HSBC Group, whose parent company is HSBC Holdings plc. The HSBC Group’s international network comprises more than 6,300 offices in 75 countries and territories in the Asia-Pacific region, Europe, the Americas, the Middle East and North Africa.

Subsidiaries

  • HSBC Life Assurance (Malta) Ltd (99.99%): is authorised by the Malta Financial Services Authority to carry on the business of insurance in Malta under the Insurance Business Act, 1998.
  • HSBC Global Asset Management (Malta) Ltd (99.99%): acts as the investment management arm of the Bank. It manages a range of domestic and international funds, specialising in the development of structured capital secured investment products, and in the provision of tailor-made discretionary portfolio management services.
  • HSBC Securities Services (Malta) Ltd (99.98%): is licensed under the Investment Services Act, 1994 and its main business activity is the provision of fund administration services to proprietary and third party investment funds. It also provides back office support to HSBC Bank Malta plc in the distribution of third party investments funds through the Bank’s network.

Bond Issues

  • On 10 January 2007 HSBC Bank Malta plc issued  €58,234,930 4.6% Bonds 2017. The proceeds from this bond issue were used by HSBC to meet part of its general financing requirements and also forms part of its Additional Own Funds (Tier II capital) in terms of the Own Funds Directive BD/03.
  • On 15 September 2008 the Bank issued €30,000,000 5.9% Bonds 2018. The net proceeds from this bond issue were used by HSBC to meet part of its general financing requirements particularly to match its 10-year loans. Moreover, the funds constitute additional own funds (Tier II capital) in terms of the Banking Act to help HSBC maintain its capital ratio above the Group’s benchmark and regulatory requirements.

Share Capital

In 1991, the Government of Malta offered to the general public 6,000,000 ordinary “C” shares (approximately 32.9% of the equity share capital) of a nominal value of €1.1647 each at a price of €3.4941 per share. Mid-Med Bank plc was listed on the Malta Stock Exchange on 27 January 1993.

In December 1994 Mid-Med Bank plc split its shares on a 2-for-1 basis. Following this exercise, the authorized share capital of the Bank of €93,174,936 and the issued share capital of €21,243,885 was composed of 160,000,000 shares and 36,480,000 shares respectively of a nominal value of €0.5823 each.

In March 2005, HSBC Bank Malta plc carried out a 2-for-1 share split. The previous authorised share capital of €93,174,936 divided into 160,000,000 ordinary shares of €0.5823 each were split into 320,000,000 ordinary shares of €0.2912 each. The issued and fully paid up capital of €21,243,885 comprised of 36,480,000 ordinary shares of €0.5823 was split into 72,960,000 ordinary shares of €0.2912 each.

In April 2006, HSBC Bank Malta plc capitalised €53,808,526 from retained earnings and €9,783,368 from other reserves to carry out a 3-for-1 bonus share issue. The bonus share issue resulted in the Bank’s share capital increasing from €21,243,885 to €84,983,808 represented by 291,840,000 shares of a nominal value of €0.2912 each.

In April 2008, following the euro changeover, HSBC Bank Malta plc capitalised €2.6 million from retained earnings in order to round up the nominal value of its ordinary shares from €0.2912 to €0.30 each.

On  24 February 2014, HSBC Bank Malta plc announced a 1 for 9 bonus issue. 32,431,380 new shares were issued through the capitalisation of €10,000,000 from reserves on 30 April 2014. This bonus issue increased the bank’s issued share capital to 324,271,380 ordinary shares with a nominal value of €0.30 each fully paid up.

On  23 February 2015, HSBC Bank Malta plc announced a 1 for 9 bonus issue. 36,034,719 new shares were issued through the capitalisation of €11,000,000 from reserves on 30 April 2015. This bonus issue increased the bank’s issued share capital to 360,306,099 ordinary shares with a nominal value of €0.30 each fully paid up.

News for HSBC Bank Malta plc

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HSBC Bank Malta plc
Interim Results
Aug 03, 2016 | Read More
HSBC Bank Malta plc
Receipt of Proceeds from Visa Europe Transaction
Jun 23, 2016 | Read More
HSBC Bank Malta plc
Board Meeting Rescheduled
Jun 03, 2016 | Read More
HSBC Bank Malta plc
Board Meeting
May 19, 2016 | Read More
HSBC Bank Malta plc
HSBC Malta share price at its lowest level in almost 12 years
Feb 25, 2016 | Read More
HSBC Bank Malta plc
Full-Year Results
Feb 22, 2016 | Read More
HSBC Bank Malta plc
Cost Reduction Programme
Jan 07, 2016 | Read More
HSBC Bank Malta plc
Cost Reduction Programme Clarification
Dec 21, 2015 | Read More
HSBC Bank Malta plc
Board Meeting
Dec 07, 2015 | Read More
HSBC Bank Malta plc
Voluntary Early Retirement Scheme
Nov 26, 2015 | Read More
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Sector: Financial Services
ISIN: MT0000030107
Shares in Issue: 360,306,099
Nominal Value: €0.30
Trading Symbol: HSB
Listing: Official List
Main Subsidiaires:
  • HSBC Life Assurance (Malta) Ltd (99.99%)
  • HSBC Global Asset Management (Malta) Ltd (99.99%)
  • HSBC Stockbrokers (Malta) Ltd (99.99%)
  • HSBC Securities Services (Malta) Ltd (99.98%)
Top Shareholders:
  • HSBC Europe B.V. (70.03%)
Website: www.hsbc.com.mt
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