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HSBC Press Releases |
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31st December, 2003
HSBC Bank Malta p.l.c. Preliminary Profit Statement for the year ended 31 December 2003
HSBC Bank Malta p.l.c. Preliminary Profit Statement for the year ended 31 December 2003.
13 February 2004
The following is the text of an advertisement which is to be published in the press in Malta on 14 February 2004 by HSBC Bank Malta p.l.c., a 70.03 per cent indirectly-held subsidiary of HSBC Holdings plc.
(Published in terms of Section 6.05.06 (iii) of the Bye-Laws of the Malta Stock Exchange.)
Group
Bank
2003
2002
2003
2002
Lm000
Lm000
Lm000
Lm000
Interest receivable and similar income
69,360
76,571
66,696
71,807
Interest payable
(34,660)
(42,778)
(34,637)
(44,612)
Net interest income
34,700
33,327
32,059
27,195
Other net operating income
18,668
18,282
14,859
14,004
Total operating income
53,368
51,609
46,918
41,199
Operating expenses
(30,290)
(28,588)
(29,524)
(27,265)
Amortisation of goodwill
(291)
(291)
(205)
(205)
Operating profit before impairment losses and provisions
22,787
22,730
17,189
13,729
Net impairment releases/(losses)
3,386
(1,515)
2,937
(1,960)
Provisions for contingent liabilities and other charges
(9)
(89)
(9)
(89)
Profit on ordinary activities before tax
26,164
21,126
20,117
11,680
Tax on profit on ordinary activities
(9,383)
(5,762)
(7,352)
(3,944)
Profit for the financial year attributable to shareholders
16,781
15,364
12,765
7,736
Earnings per share
46.0c
42.1c
35.0c
21.2c
Dividends per share, net of income tax
23.0c
13.8c
Exchange rates ruling on 31 December 2003 against the Maltese Lira were as follows:
GBP1.6353
EUR2.3162
USD2.9196
Group
Bank
Balance sheet extracts as at
31/12/03
31/12/02
31/12/03
31/12/02
(Figures in Lm millions)
Total assets
1,538
1,570
1,491
1,535
Loans and advances to customers
923
891
813
763
Amounts owed to customers
1,267
1,303
1,271
1,299
Shareholders' funds
131
117
131
117
Review of group performance
HSBC Bank Malta p.l.c ...
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31st December, 2003
CIT commercial services acquires U.S. factoring assets of HSBC Bank USA
CIT commercial services acquires U.S. factoring assets of HSBC Bank USA
31 December 2003
CIT Group Inc. announced today that its Commercial Services business unit has acquired substantially all of the U.S ...
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30th December, 2003
HSBC sells its interest in HSBC Salud (Argentina) S.A. to Swiss Medical Group
HSBC sells its interest in HSBC Salud (Argentina) S.A. to Swiss Medical Group
30 December 2003
Following the exercise by New York Life Inc. of its put option over 40 per cent of HSBC Salud (Argentina) S.A ...
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29th December, 2003
HSBC and Ping An of China to jointly acquire Fujian Asia Bank Limited
HSBC and Ping An of China to jointly acquire Fujian Asia Bank Limited
29 December 2003
The Hongkong and Shanghai Banking Corporation Limited has entered into an agreement to acquire 50 per cent of Fujian Asia Bank Limited for not more than US$20 million in cash, funded from internal resources.
China Ping An Trust & Investment Co ...
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19th December, 2003
HSBC to rebrand private banking business
HSBC to rebrand private banking business
19 December 2003
HSBC is to adopt HSBC Private Bank as the worldwide name for its principal private banking businesses from 1 January 2004. This initiative is designed to achieve full recognition for HSBC Private Bank as one of the world’s largest and most successful private banks.
The move reflects the growth in scale and complexity of HSBC’s private banking business ...
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19th December, 2003
Accolades for HSBC executives
Accolades for HSBC executives
19 December 2003
Two HSBC executives, Group Finance Director Douglas Flint and The Hongkong and Shanghai Banking Corporation Chairman David Eldon, have recently been honoured for their achievements in business in 2003.
David Eldon was named 'Business Person of the Year' in the DHL/South China Morning Post's Hong Kong Business Awards 2003, while Douglas Flint won the Chartered Institute of Management Accountants’ (CIMA) award for ‘Business Leader of the Year’.
The DHL/South China Morning Post awards, now in their 14th year, aim to recognise companies and individuals that have encouraged entrepreneurial spirit in Hong Kong and excelled in sustaining high standards of corporate management.
Eldon is the second HSBC executive to have been honoured with the award after former HSBC Group Chairman Sir William Purves won it in 1992.
Eldon said: "I am honoured to receive this award from DHL and the South China Morning Post ...
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17th December, 2003
Hang Seng Bank Limited signs agreement to acquire 15.98 per cent of Industrial Bank Co Ltd
Hang Seng Bank Limited signs agreement to acquire 15.98 per cent of Industrial Bank Co Ltd
17 December 2003
The following news release was issued today in Hong Kong by Hang Seng Bank Limited, a 62.14 per cent owned subsidiary of HSBC Holdings plc.
Hang Seng Bank Limited has today signed an agreement with Industrial Bank Co Ltd, a mainland China commercial bank, to acquire 15.98 per cent of Industrial Bank’s enlarged capital for a total consideration of RMB1,726 million (approximately HK$1,626 million) in cash ...
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11th December, 2003
HSBC increases stake in Asset Management Technology Korea
HSBC increases stake in Asset Management Technology Korea
11 December 2003
Following HSBC’s announcement on 2 August 2003 of the acquisition of 82.19 per cent of Asset Management Technology Korea Co., Ltd ...
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9th December, 2003
HSBC Holdings plc - pre-close trading update
HSBC Holdings plc - pre-close trading update
09 December 2003
HSBC Holdings plc (“HSBC”) will be conducting a trading update today with analysts and investors ahead of its close period for the year ending 31 December 2003. The meeting will take place by conference call from 9:00 am until 10:00 am local time in London. Details for participating in the call can be found at the end of this statement.
The information that will be covered during the meeting relating to HSBC’s operating performance is as follows:
HSBC’s performance in the third quarter of 2003 continued to benefit from the breadth and capital generating strength of its core businesses ...
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2nd December, 2003
HSBC signs agreement to acquire a stake in UTI Bank
HSBC signs agreement to acquire a stake in UTI Bank
2 December 2003
HSBC Asia Pacific Holdings (UK) Limited, a wholly owned subsidiary of The Hongkong and Shanghai Banking Corporation Limited, has entered into an agreement to acquire a 14.71 per cent equity stake in UTI Bank Limited, a retail bank in India, from CDC Financial Services (Mauritius) Limited and South Asia Regional Fund, for a consideration of INR3.06 billion (US$66.42 million) ...
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