HSBC Bank Malta plc – Interim Directors’ Statement

HSBC Bank Malta plc announced that during the period 1 January 2013 to 16 May 2013 it delivered a performance in line with the same period last year. Balance sheet management remained strong and cost control was effective.

In the difficult economic environment, the bank has seen a softening in loan demand during the period under review. Customer deposit levels were broadly unchanged despite continued competitive pressures. The bank continues to focus on building a high quality asset base and, despite challenging economic conditions in the eurozone, local loan impairments have remained subdued in the first few months of the year. The bank ’s available-for-sale portfolio remains well diversified and conservatively positioned. The bank maintained its strong liquidity and capital position.

To view the official company announcement, click here.