HSBC Bank Malta plc – Preliminary results for the year ended 31 December 2013

The Board of Directors of HSBC Bank Malta p.l.c. has approved the Preliminary Statement of annual results for the financial year ended 31 December 2013.

The Group registered a profit before tax of €90 million, compared to €95 million registered in 2012. Net interest income for the period under review amounted to just under €125 million, a decline of 6.3% from 2012. EPS decreased to €0.201. 

 The Board of Directors resolved to recommend to the Annual General Meeting to be held on 16 April 2014 the approval of:

i. the payment of a final ordinary dividend of 5.2 cent gross per share (3.4 cent net per share). This will be paid on 25 April 2014 to shareholders who are on the company’s register of shareholders as at 17 March 2014;

ii. a Bonus Share issue of one (1) new share for every nine (9) shares presently held to registered members on the register of members as at close of trading on the Malta Stock Exchange on the 29 April 2014. The bonus shares will be available for trading by the shareholders at the opening of business on 30 April 2014; and

iii. to issue in respect of (ii) above, 32,431,380 fully paid ordinary shares of a nominal value of 30c per share against the debit of an equivalent amount of €10 million to the Bank’s retained earnings account.

To view the official company announcement, click here.