HSBC Bank Malta plc – Preliminary Results 2010

HSBC Bank Malta plc – Preliminary Results 2010

HSBC Bank Malta plc announced that the Board of Directors has approved the Preliminary Statement of annual results for the financial year ended 31 December 2010.

The Group registered a profit before tax of EUR 83.8m, a rise of 16.7 per cent from the previous financial year profit before tax of EUR 71.19m. Net interest income for 2010 amounted to EUR 122.84m, up from EUR 104.97m of 2009. Earnings per share rose from EUR 0.157 to EUR 0.184.

The Board of Directors resolved to recommend that the Annual General Meeting to be held on 7 April 2011, approves the payment of a final ordinary dividend of EUR 0.077 gross per share (EUR 0.05 net per share). This will be paid on 21 April 2011 to shareholders who are on the company’s register of shareholders as at 8 March 2011.

To view the Annual Financial Statements, Click Here.