HSBC Bank Malta plc – 2017 Annual Results Highlights

Reported profit before tax of €49.8m for the year ended 31 December 2017, a decrease of €12.4m, or 19.9%, compared with prior year.

Adjusted profit before tax, which excludes the effect of notable items, was €55.6m, 9.5% down on 2016.

Net dividend for 2017 was €40.2m, up 54.0% compared with prior year. It includes a special dividend of €20m to be distributed from surplus retained earnings.

Common equity tier 1 ratio increased to 13.9% at 31 December 2017 from 13.2% at 31 December 2016. The total capital ratio was 14.4% at 31 December 2017, compared with 14.2% at 31 December 2016.

Adjusted cost efficiency ratio was 66.2%, compared with 58.7% in 2016.

Adjusted return on equity for the year ended 31 December 2017 was 7.2% compared with 8.4% in 2016.

Earnings per share of 8.6 cent compared with 11.2 cent in 2016.

The advances to deposits liquidity ratio remained stable at 65.6%.

Net loans and advances to customers were €3,129m, down 5.8% compared with 2016.

Customer deposits decreased by 4.7% to €4,766m at 31 December 2017.

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