HSBC Bank Malta plc - Full-Year Results

At a Board Meeting held on Friday 20 February 2009, the Board of Directors of HSBC Bank Malta plc approved the 2008 full-year results and recommended a final ordinary gross dividend of €0.096 per share (net dividend of €0.062 per share) for approval at the forthcoming Annual General Meeting on 1 April 2009. Those shareholders as at close of trading next Friday 27 February will be entitled to this dividend.

During the year to 31 December 2008, the HSBC Malta Group generated a pre-tax profit of €96.1 million, 16.2% lower than last year. Net operating income dropped by 5% mainly as a result of a decrease in foreign exchange income. Meanwhile, operating expenses grew by 8.1%. HSBC Malta reported that loans and advances increased by 10% to €3.1 billion while deposits edged 1% higher to €3.4 billion.

A review of the Full-Year results is available here.

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