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18th December, 2006
HSBC head office gets Energy Efficiency Accreditation
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15th December, 2006
HSBC sells broker originated residential mortgage book in Australia to FirstMac
15 December 2006
HSBC Bank Australia has entered into an agreement to sell its broker originated residential mortgage book to FirstMac. The portfolio consists of over 10,000 customer accounts with a total book value of A$2.26 billion (approximately US$1.75 billion) at 22 November 2006.
HSBC retains the majority of its Australian residential mortgage portfolio – a loan book of A$4.5 billion, representing HSBC's direct customer relationships ...
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13th December, 2006
HSBC launches RMB deposit service to local residents in Beijing
13 December 2006
The Hongkong and Shanghai Banking Corporation Limited today launched its RMB 1 million deposit service to local residents in Beijing. The bank received its first local customer for the new deposit service at its Beijing branch this morning.
Richard Yorke, Chief Executive Officer China at The Hongkong and Shanghai Banking Corporation Limited, said: "We are very pleased to be the first to roll out the new RMB deposit service to local residents ...
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12th December, 2006
Six charities benefit from Christmas card donation
12 December 2006
HSBC is donating £180,000 to international charities this Christmas, in lieu of sending corporate cards to key contacts and suppliers.
Over the past six years, HSBC has given more than £1million to international charities through its corporate Christmas card scheme ...
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12th December, 2006
HSBC to provide RMB service to local residents
12 December 2006
The Hongkong and Shanghai Banking Corporation Limited today announced that it has received confirmation from the China Banking Regulatory Commission (CBRC) to include in its RMB licence the new time deposit service to Chinese citizens for amounts no less than RMB1 million.
Richard Yorke, Chief Executive Officer China at The Hongkong and Shanghai Banking Corporation Limited, said: "China has fully honoured its WTO commitment by further opening the RMB market ...
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8th December, 2006
HSBC Bank Egypt third quarter 2006 results - highlights
8 December 2006
The following is the text of an announcement by HSBC Bank Egypt, a 94.5 per cent indirectly-held subsidiary of HSBC Holdings plc.
Net profit of EGP431 million (US$75 million) for the nine months ended 30 September 2006 – up EGP159 million (US$28 million) or 58 per cent over the same period in 2005.
Customer deposits of EGP14.4 billion (US$2.5 billion) at 30 September 2006 – up EGP4.0 billion (US$0.7 billion) or 38 per cent over 30 September 2005.
Loans and advances to customers of EGP5.4 billion (US$0.9 billion) at 30 September 2006 – up EGP1.9 billion (US$0.3 billion) or 54 per cent over 30 September 2005.
Total assets of EGP16.7 billion (US$2.9 billion) at 30 September 2006 – up EGP5.1 billion (US$0.9 billion) or 44 per cent over 30 September 2005.
Results are prepared in accordance with Egyptian Accounting Standards, with figures denominated in Egyptian pounds (EGP).
Commentary
HSBC Bank Egypt recorded a net profit of EGP431 million (US$75 million) for the nine months ended 30 September 2006 ...
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5th December, 2006
HSBC Holdings plc - pre-close trading update
05 December 2006
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 2006.
The meeting will take place by conference call at 10am local time in London ...
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1st December, 2006
HSBC acquires Champion Mortgage loan portfolio
01 December 2006
HSBC, through a wholly-owned subsidiary of HSBC Finance Corporation, has acquired the mortgage loan portfolio of Champion Mortgage, a division of KeyBank, NA ("Champion").
The gross asset balance of the loan portfolio was approximately US$2.5 billion at 30 August 2006 ...
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23rd November, 2006
HSBC completes acquisition of Grupo Banistmo
23 November 2006
HSBC announced on 20 July 2006 that an agreement had been entered into with Grupo Banistmo S.A. (Banistmo), the leading banking group in Central America, to make a tender offer to acquire all the outstanding shares of Banistmo for cash ...
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20th November, 2006
HSBC Bank Malaysia Berhad results for the nine months ended 30 September 2006 - highlights
20 November 2006
Profit before allowance for losses on loans and financing up 38.1 per cent to MYR782 million for the nine months ended 30 September 2006 (MYR566 million for the same period in 2005).
Profit before taxation of MYR706 million for the nine months ended 30 September 2006, MYR132 million or 23.1 per cent higher than the MYR574 million reported for the same period in 2005.
Cost efficiency ratio improved to 45.7 per cent from 50.2 per cent for the corresponding period in 2005.
Net interest income for the nine months ended 30 September 2006 was up 21.6 per cent to MYR723 million (MYR594 million for the same period in 2005) ...
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