HSBC Bank Malta plc - Full-Year Results

At a Board Meeting held on Monday 22 February 2010, the Board of Directors of HSBC Bank Malta plc approved the 2009 full-year results and recommended a final gross dividend of €0.08 per share (net dividend of €0.052 per share) for approval at the forthcoming Annual General Meeting on 8 April 2010. Those shareholders as at close of trading next Monday 1 March will be entitled to this dividend.

During the year to 31 December 2009, the HSBC Malta Group generated a pre-tax profit of €71.2 million, 25.9% lower than the previous year. Net operating income dropped by 15.2% mainly due to further interest margin compression and declines in other sources of revenue. Meanwhile the Group’s operating expenses declined by 7.3% to  €83.3 million.  HSBC Malta reported that loans and advances increased by 3.7% to €3.2 billion while deposits edged 1.7% higher to €4.1 billion.

Download a copy of the 2009 Preliminary Full-Year Results

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