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HSBC Press Releases |
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6th December, 2004
David Eldon to retire
David Eldon to retire
6 December 2004
After 37 years of distinguished service to the HSBC Group, David Eldon, 59, will retire as the Chairman of The Hongkong and Shanghai Banking Corporation Limited on 24 May 2005 ...
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29th November, 2004
HSBC Brasil agrees to acquire personal loan unit of Matone group
HSBC Brasil agrees to acquire personal loan unit of Matone group
29 November 2004
HSBC Bank Brasil S.A., a subsidiary of HSBC Holdings plc, has acquired CrediMatone S.A., the personal loan operation of Banco Matone S.A., for a consideration of R$30 million (approximately US$11 million).
This transaction follows HSBC Bank Brasil’s recent acquisition of Valeu and demonstrates the bank’s commitment to growing its Brazilian consumer finance business.
CrediMatone offers direct loans as well as loans where borrowers authorise the lender to take repayments directly from their payroll - so called ‘consignation’ products ...
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10th November, 2004
Household International, Inc. and HSBC USA, Inc. third quarter 2004 results
Household International, Inc. and HSBC USA, Inc. third quarter 2004 results
10 November 2004
Third quarter results for Household International, Inc. and HSBC USA, Inc. are due to be filed at the Securities and Exchange Commission by Monday, 15 November 2004.
Douglas Flint, Group Finance Director, HSBC Holdings plc and Simon Penney, Chief Financial Officer, HSBC North America Holdings, Inc ...
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9th November, 2004
HSBC and Marks & Spencer complete the sale of M&S Money
HSBC and Marks & Spencer complete the sale of M&S Money
9 November 2004
HSBC Bank plc (HSBC) and Marks and Spencer Group plc (Marks and Spencer) have completed the sale of 100 per cent of Marks and Spencer Retail Financial Services Holdings Limited (M&S Money) to HSBC for a consideration of £762 million.
The transaction represents a premium of £224 million over net asset value as at 3 April 2004 ...
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20th October, 2004
HSBC opens tenth branch in mainland China
HSBC opens tenth branch in mainland China
20 October 2004
HSBC has opened a new branch in Suzhou, expanding its network to 10 branches in major cities across mainland China.
Located at the Suzhou Industrial Park, the new HSBC branch has 24 staff, and will offer a full range of services to local and foreign companies, mainland China residents, foreign nationals and residents from Hong Kong, Macau and Taiwan ...
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12th October, 2004
The Saudi British Bank: Q3 2004 results
The Saudi British Bank: Q3 2004 results
12 October 2004
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 SAR1,234 million (US$329 million) for the nine months ended 30 September 2004 – up SAR322 million (US$86 million) or 35.4 per cent over the same period in 2003.
Customer deposits of SAR39.4 billion (US$10.5 billion) at 30 September 2004 – up SAR3.1 billion (US$0.8 billion) or 8.3 per cent over 30 September 2003.
Loans and advances to customers of SAR29.5 billion (US$7.9 billion) at 30 September 2004 – up SAR5.4 billion (US$1.4 billion) or 22.0 per cent over 30 September 2003.
Total assets of SAR52.3 billion (US$13.9 billion) at 30 September 2004 – up SAR4.1 billion (US$1.1 billion) or 8.6 per cent over 30 September 2003.
Earnings per share of SAR24.68 (US$6.58) for the nine months ended 30 September 2004 – up 35.4 per cent from SAR18.24 (US$4.86) over the same period in 2003*.
* Earnings per share for the quarter ended 30 September 2003 have been restated to reflect the 1-for-4 bonus share issue in March 2004.
Commentary
The Saudi British Bank (SABB) recorded a net profit of SAR1,234 million (US$329 million) for the nine months ended 30 September 2004 ...
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5th October, 2004
HSBC unites North American operations under one brand
HSBC unites North American operations under one brand
5 October 2004
HSBC has extended its brand to unite the majority of its US and Canadian businesses, including Household International, under one name – HSBC-North America.
The rebranding exercise, which began on 30 September, now means that all those businesses operating under the Household name will adopt the HSBC brand, marking the completion of Household’s integration with HSBC after it was acquired by ‘The world’s local bank’ in March last year.
Although HSBC’s consumer lending business will retain the HFC and Beneficial brands, these widely recognised brands in the US will now be accompanied by the Group’s endorsement signature, ‘Member HSBC Group’, along with the familiar red and white hexagon symbol ...
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30th September, 2004
HSBC Bank Canada third quarter 2004 results
HSBC Bank Canada third quarter 2004 results
Highlights
Net income was C$265 million for the nine months ended 30 September 2004, an increase of 16.7 per cent over the same period in 2003.
Net income was C$84 million for the quarter ended 30 September 2004, an increase of 3.7 per cent over the third quarter of 2003.
Return on average common equity was 19.0 per cent for the nine months ended 30 September 2004 and 16.4 per cent for the quarter ended 30 September 2004 compared with 19.3 per cent and 19.7 per cent, respectively, for the same periods in 2003.
The cost:income ratio was 56.1 per cent for the nine months ended 30 September 2004 and 58.1 per cent for the quarter ended 30 September 2004.
Total assets of C$42.3 billion at 30 September 2004 compared with C$37.0 billion at 30 September 2003.
Total assets under administration were C$21.4 billion at 30 September 2004, of which C$16.2 billion were funds under management and C$5.2 billion were custody and administration accounts.
Financial Commentary
HSBC Bank Canada recorded net income of C$265 million for the nine months ended 30 September 2004, an increase of C$38 million, or 16.7 per cent, from C$227 million for the same period in 2003 ...
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30th September, 2004
HSBC tops trade finance poll
HSBC tops trade finance poll
30 September 2004
HSBC has taken the top spot in every major category of Asiamoney magazine’s inaugural 2004 Trade Finance Poll to emerge as the Best Trade Finance Bank in Asia.
The poll, published in the September issue of Asiamoney, was conducted among executives of Asian corporations involved in import and export throughout the Asia-Pacific region, and was established to determine which banks are able to meet the demands of their corporate customers in the trade finance arena.
Respondents were asked to rank and rate banks across a series of categories, including best services for all trade needs, best customer support, most competitive pricing and best product range ...
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22nd September, 2004
Bank of Bermuda acquires BoE fund business in Isle of Man
Bank of Bermuda acquires BoE fund business in Isle of Man
22 September 2004
Bank of Bermuda (Isle of Man) Limited, now owned by HSBC Holdings plc, has acquired the offshore fund administration and management business of BoE with the purchase of the entire share capital of BoE International Fund Services Limited and BoE International Fund Managers Limited.
The value of net assets acquired from BoE is £500,000.
BoE International Fund Services in the Isle of Man administers 50 funds with approximately £1.2 billion of assets under administration and employs 17 staff ...
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