HSBC Bank Malta plc - Postponement of Dividend

On 2 April 2020, HSBC Bank Malta plc announced that following the recommendation made by the European Central Bank on 27 March 2020 for the suspension of dividends paid by Eurozone banks irrespective of the strength of their own capital positions, HSBC Malta concluded that it is therefore obliged to delay the payment of the final net dividend of €0.014 per share for the 2019 financial year and also potential future dividends. HSBC Malta also noted that as it has sufficient capital to support the previously announced final net dividend of €0.014 per share, it will re-examine the situation and will update the market accordingly once this is appropriate to do so, but not before Q4 2020.

HSBC Malta explained that although it regrets the short-term impact this policy requirement will have on shareholders, it also recognises the important role that it plays for supporting the local economy and the need for a consistent regulatory policy across the Eurozone.

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