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HSBC Press Releases |
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26th November, 2003
HSBC launches fund for victims of Istanbul tragedy
HSBC launches fund for victims of Istanbul tragedy
26 November 2003
HSBC has launched a US$1 million staff welfare fund to help the families of staff who were bereaved or injured in last week’s shocking events in Istanbul ...
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26th November, 2003
HSBC appoints environmental adviser
HSBC appoints environmental adviser
26 November 2003
In a development which underscores its long-standing commitment to the environment, HSBC has appointed Francis Sullivan, currently Director of Conservation at WWF-UK, as Adviser on the Environment. Francis Sullivan will join HSBC on secondment for an initial period of two years, with effect from February 2004.
In his new role Francis will provide practical advice and technical expertise across the whole range of HSBC’s direct and indirect impacts on the environment. He will work particularly closely with colleagues working in other areas of corporate social responsibility (CSR) and with Group Credit and Risk, Group Compliance, Group Property and Group Training ...
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21st November, 2003
Istanbul bomb blasts - update
Istanbul bomb blasts - update
21 November 2003
Following the bomb blasts in Istanbul on Thursday in which HSBC’s Turkish head office and a branch were severely damaged, it is still too early for HSBC to be able to confirm the full human toll of these events.
Stephen Green, Group Chief Executive, said: “Forty of our colleagues have been injured, the vast majority of whom have been released from hospital ...
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20th November, 2003
Bomb blasts in Istanbul - HSBC remains committed to Turkey
Bomb blasts in Istanbul - HSBC remains committed to Turkey
20 November 2003
Following today’s tragic events in Istanbul, in which two HSBC buildings were damaged by bomb blasts, we are working to ascertain the welfare of our staff in the city ...
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6th November, 2003
HSBC Trinkaus & Burkhardt KGaA - Third quarter 2003 results - operating profits improve further
HSBC Trinkaus & Burkhardt KGaA - Third quarter 2003 results - operating profits improve further
6 November 2003
The following text is the English translation of a news release issued in Germany by HSBC Holdings plc's subsidiary.
Although the German economy has not yet resumed a growth path, and the rate of company insolvencies remains high, HSBC Trinkaus & Burkhardt KGaA, which is indirectly 73.5 per cent owned by HSBC Holdings plc, reported substantially higher profits for the first nine months of 2003 compared to the same period in 2002 ...
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30th October, 2003
HSBC in mainland China insurance joint venture
HSBC in mainland China insurance joint venture
30 October 2003
HSBC Insurance Brokers Limited has entered into a joint venture agreement to offer insurance broking and risk management services to domestic and international clients in mainland China ...
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28th October, 2003
GF Bital quarterly results
GF Bital quarterly results
28 October 2003
Net income was MXN1,181 million for the nine months ended 30 September 2003, compared with MXN262 million for the same period in 2002.
Net income was MXN371 million for the quarter ended 30 September 2003, compared with MXN125 million for the same period in 2002.
Cost:income ratio for the nine months ended 30 September 2003 was 63.7 per cent, compared to 76.4 per cent for the nine months ended 30 September 2002.
Total capital ratio of Banco Bital was 14.7 per cent at 30 September 2003, compared to 9.9 per cent at 30 September 2002, and 11.0 per cent at 31 December 2002.
Grupo Financiero Bital (GFBital) recorded net income of MXN1,181 million for the nine months ended 30 September 2003, compared with MXN262 million reported for the nine months ended 30 September 2002 ...
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28th October, 2003
HSBC agrees to acquire Bank of Bermuda
HSBC agrees to acquire Bank of Bermuda
28 October 2003
HSBC Holdings plc (“HSBC”) and The Bank of Bermuda Limited (“Bank of Bermuda”) have entered into an agreement under which HSBC will acquire Bank of Bermuda, in a transaction valued at US$1.3 billion. Under the terms of the agreement shareholders of Bank of Bermuda will receive a total of US$45 per Bank of Bermuda share in cash, comprising US$40 from HSBC and BD$5 as a special dividend from Bank of Bermuda which, under existing arrangements, may be taken in US dollars. This total of US$45 per share represents a 16.3% premium over the Nasdaq average closing price for the three months to 24 October 2003 ...
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20th October, 2003
HSBC Bank Canada third quarter 2003 results
HSBC Bank Canada third quarter 2003 results
20 October 2003
Net income* was C$227 million for the nine months ended 30 September 2003, an increase of 16.4 per cent over the same period in 2002.
Net income was C$81 million for the quarter ended 30 September 2003, an increase of 3.8 per cent over the third quarter of 2002.
Return on average common equity was 19.3 per cent for the nine months ended 30 September 2003 and 19.7 per cent for the quarter ended 30 September 2003.
The cost:income ratio was 55.9 per cent for the nine months ended 30 September 2003 and 55.3 per cent for the quarter ended 30 September 2003.
Total assets of C$37.0 billion at 30 September 2003 compared to C$35.8 billion at 30 September 2002.
Total assets under administration were C$17.5 billion at 30 September 2003, of which C$13.5 billion were funds under management and C$4.0 billion were custody and administration accounts.
*HSBC Bank Canada acquired Merrill Lynch HSBC Canada Inc ...
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14th October, 2003
The Saudi British Bank third quarter 2003 results
The Saudi British Bank third quarter 2003 results
14 October 2003
The following news release was issued today by The Saudi British Bank, a 40 per cent indirectly-held associate of HSBC Holdings plc.
Net profit of SAR912 million (US$243 million) for the nine months ended 30 September 2003 – up SAR176 million (US$47 million) or 24.0 per cent over the same period in 2002.
Customer deposits of SAR36.3 billion (US$9.7 billion) at 30 September 2003 – up SAR2.1 billion (US$0.6 billion) or 6.4 per cent over 30 September 2002.
Loans and advances to customers of SAR24.1 billion (US$6.4 billion) at 30 September 2003 – up SAR4.8 billion (US$1.3 billion) or 25.1 per cent over 30 September 2002.
Total assets of SAR48.2 billion (US$12.9 billion) at 30 September 2003 – up SAR4.4 billion (US$1.2 billion) or 9.9 per cent over 30 September 2002.
Earnings per share of SAR22.80 (US$6.08) for the nine months ended 30 September 2003 – up 24.0 per cent from SAR18.39 (US$4.90) over the same period in 2002.
Commentary
The Saudi British Bank (SABB) recorded a net profit of SAR912 million (US$243 million) for the nine months ended 30 September 2003 ...
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