HSBC Bank Malta plc – Full-year Results

February 19, 2019
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

HSBC Bank Malta plc published its annual results for the year ending December 31, 2018, which was mainly dominated by the last phase of the bank’s de-risking strategy, as well as the ongoing impact of negative interest rates. Profit before tax amounted to €38.6 million, translating to a 23% decrease over the previous year. The bank’s capital base remained strong with an of CET 1 ratio from 13.9% to 14.6%. Earnings per share were down from 8.6 cents in 2017 to 8.0 cents in 2018. The board is recommending a net final dividend of €0.012 per share.

To view the official announcement, click here.