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 Home > HSBC Press Release > 2007  
HSBC Press Releases
22nd October, 2007
The Saudi British Bank third quarter 2007 results - highlights
22 October 2007 Net profit of SAR1,902 million (US$507 million) for the nine months ended 30 September 2007 – down SAR553 million (US$147 million), or 22.5 per cent, compared with SAR2,455 million (US$655 million) for the same period in 2006. Net profit of SAR651 million (US$174 million) for the three months ended 30 September 2007 – up SAR5 million (US$1 million), or 0.8 per cent, compared with SAR646 million (US$172 million) for the same period in 2006. Earnings per share of SAR5.07 (US$1.35) for the nine months ended 30 September 2007 – down 22.5 per cent from SAR6.55 (US$1.75) for the same period in 2006. Operating income of SAR3,155 million (US$841 million) for the nine months ended 30 September 2007 – down SAR450 million (US$120 million), or 12.5 per cent, compared with SAR3,605 million (US$961 million) for the same period in 2006. Customer deposits of SAR70.3 billion (US$18.7 billion) at 30 September 2007 – up SAR10.6 billion (US$2.8 billion), or 17.8 per cent, compared with SAR59.7 billion (US$15.9 billion) at 30 September 2006. Loans and advances to customers of SAR54.2 billion (US$14.5 billion) at 30 September 2007 – up SAR13.0 billion (US$3.5 billion), or 31.6 per cent, from SAR41.2 billion (US$11.0 billion) at 30 September 2006. The bank’s investment portfolio totalled SAR17.0 billion (US$4.5 billion) at 30 September 2007 compared with SAR16.6 billion (US$4.4 billion) at 30 September 2006. Total assets of SAR89.6 billion (US$23.9 billion) at 30 September 2007 – up SAR12.3 billion (US$3.3 billion), or 15.9 per cent, over 30 September 2006. John Coverdale, Managing Director of SABB, said: “I am pleased to report that SABB’s financial performance has shown consistent growth during the first three quarters of 2007 ...
8th October, 2007
HSBC establishes branch network in Peru as part of Latin America expansion
08 October 2007 HSBC has received approval to establish a retail branch network in Peru to further expand its Latin America franchise. The Superintendent of Banking and Insurance in Peru has authorised an initial network of 10 retail branches in Lima.  HSBC first entered the country in October of 2006 with the launch of its commercial banking division. Latin America remains comparatively under-banked and Peru offers significant growth opportunities ...
1st October, 2007
HSBC Holdings plc board appointment
1 October 2007 William Samuel Hugh Laidlaw (51) has been appointed a Director of HSBC Holdings plc with effect from 1 January 2008. He will be an independent non-executive Director. Sam Laidlaw is Chief Executive Officer of Centrica plc and has significant international experience with responsibility for businesses on four continents ...
27th September, 2007
HSBC makes another move in insurance, launching life insurance in Taiwan
27 September 2007 HSBC has launched its insurance operations in Taiwan, officially opening HSBC Life (International) Limited in Taiwan as a full-fledged insurance provider after receiving a licence from the Financial Supervisory Commission in August this year ...
27th September, 2007
HSBC receives approval to form a joint venture insurance company in China
27 September 2007 HSBC Insurance (Asia) Ltd, an indirect subsidiary of The Hongkong and Shanghai Banking Corporation Limited, has received approval from the China Insurance Regulatory Commission (CIRC) to form a joint venture insurance company with Beijing based strategic partner National Trust Limited. Today's announcement is part of a two-step approval process ...
13th September, 2007
HSBC enters strategic relationship with top Vietnam insurer, Bao Viet
2007 News 14 Dec 2007 HSBC to acquire The Chinese Bank in Taiwan 13 Dec 2007 HSBC begins rural bank operations in central China 30 Nov 2007 HSBC Mexico HQ recognised as greenest office building in Latin America 19 Nov 2007 HSBC Bank Malta plc Interim Directors' Statement 16 Nov 2007 HSBC Bank Malaysia Berhad results for the nine months ended 30 September 2007 - highlights 14 Nov 2007 HSBC Holdings plc - pre-close trading update 12 Nov 2007 HSBC expands in Korea through insurance acquisition 08 Nov 2007 HSBC Trinkaus & Burkhardt AG third quarter 2007 results 29 Oct 2007 HSBC Bank Canada third quarter 2007 results - highlights 26 Oct 2007 HSBC Mexico third quarter 2007 financial results highlights 22 Oct 2007 The Saudi British Bank third quarter 2007 results - highlights 08 Oct 2007 HSBC establishes branch network in Peru as part of Latin America expansion 01 Oct 2007 HSBC Holdings plc board appointment 27 Sep 2007 HSBC makes another move in insurance, launching life insurance in Taiwan 27 Sep 2007 HSBC receives approval to form a joint venture insurance company in China 13 Sep 2007 HSBC enters strategic relationship with top Vietnam insurer, Bao Viet 03 Sep 2007 HSBC agrees to acquire majority shareholding in Korea Exchange Bank 16 Aug 2007 HSBC Trinkaus & Burkhardt AG first half 2007 results 09 Aug 2007 HSBC to become first international bank in rural China 06 Aug 2007 HSBC creates Global Head of Personal Financial Services and Marketing 31 Jul 2007 Grupo Financiero HSBC, S.A ...
3rd September, 2007
HSBC agrees to acquire majority shareholding in Korea Exchange Bank
03 September 2007 THE ACQUISITION HSBC Holdings plc ("HSBC"), through its indirect, wholly-owned subsidiary, HSBC Asia Pacific Holdings (UK) Limited ("HSBC Asia"), has agreed to acquire 51.02 per cent of the issued share capital of Korea Exchange Bank ("KEB"), the sixth largest bank in Korea. The shares will be acquired from LSF-KEB Holdings SCA, a holding company owned by Lone Star Fund IV (US) LP and Lone Star Fund IV (Bermuda) LP (collectively "Lone Star") ...
16th August, 2007
HSBC Trinkaus & Burkhardt AG first half 2007 results
16 August 2007 The following text is the English translation of a news release issued in Germany by HSBC Trinkaus & Burkhardt, a 78.6 per cent indirectly owned subsidiary of HSBC Holdings plc. Operating profit up 15.0 per cent to €119.9 million. Profit after tax up 19.5 per cent to €84.5 million. Net fees and commissions up 9.1 per cent to €165.0 million. HSBC Trinkaus & Burkhardt AG first half 2007 results showed strong growth compared with the first half 2006 ...
9th August, 2007
HSBC to become first international bank in rural China
09 August 2007 The Hongkong and Shanghai Banking Corporation Limited has received approval from the China Banking Regulatory Commission (CBRC) to establish a bank in rural China. HSBC, the largest international bank in China, will operate in one of the designated rural areas in China's pilot programme for rural banking through a new wholly-owned entity, HSBC Rural Bank Company Limited ...
6th August, 2007
HSBC creates Global Head of Personal Financial Services and Marketing
6 August 2007 Alex Hungate has been appointed to the new role of Head of Personal Financial Services and Marketing for HSBC globally with effect from September 2007. Alex will lead a business that serves over 120 million customers worldwide ...
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