DOCSLIB.ORG

Regulatory Capital Instruments 31 December 2019

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Regulatory Capital Instruments 31 December 2019 HSBC Bank plc Regulatory Capital Instruments 31 December 2019 This document is a disclosure document published as required by, and solely for the purpose of compliance with, Article 437(b) of Regulation (EU) No. 575/2013, as amended by Regulation (EU) 2019/876 ("CRR II") to provide a description of the main features of HSBC Bank plc’s capital instruments. The information contained in this document has been compiled in accordance with CRR II, Commission Implementing Regulation (EU) No 1423/2013, Q&A published by the European Banking Authority and regulatory guidance published by the UK Prudential Regulatory Authority. Assumptions on the regulatory treatment of the capital instruments described herein under CRR II reflect HSBC Bank plc’s interpretation of current rules. Disclosure in the required format has resulted in simplification and abbreviation of the features of the capital instruments described herein. The information contained in this document is not intended to be a comprehensive description of such capital instruments. No investor or prospective investor in any such capital instruments should rely upon the description contained in this document and HSBC shall not be liable for any inaccuracy or misstatement contained in this document. The full terms and conditions of the instruments, being HSBC Bank plc’s publicly issued instruments, are available via HSBC’s website (http://www.hsbc.com/investor-relations/fixed-income-securities) or by contacting Group Investor Relations ([email protected]). Information with respect to any instrument in this document should not be used for investment advice and does not constitute an offer to sell or solicitation of an offer to buy any such instrument or any advice or recommendation with respect to such instrument. When making a decision about your investments, you should seek the advice of a professional financial advisor. Page 1 of 50 HSBC Bank plc Regulatory Capital Instruments Contents Instrument Page Ordinary Shares 3 Non-Controlling Interest portion (HSBC Trinkaus & Burkhardt AG) 4 Non-Controlling Interest portion (HSBC Bank Malta plc) 5 EUR1,900m Undated Subordinated Resettable Additional Tier 1 Instruments issued 2015 (Callable December 2020 onwards) 6 GBP700m 5.844% Non-cumulative Step-up Perpetual Preferred Securities 7 GBP300m 5.862% Non-cumulative Step-up Perpetual Preferred Securities 8 Non-cumulative Third Dollar Preference Shares 9 EUR235m Undated Subordinated Resettable Additional Tier 1 Instruments issued 2016 (Callable 1 January 2022 onwards) 10 GBP555m Undated Subordinated Resettable Additional Tier 1 Instruments issued 2018 (Callable 28 March 2023 onwards) 11 EUR300m Undated Subordinated Resettable Additional Tier 1 Instruments issued 2018 (Callable 28 March 2023 onwards) 12 EUR200m 5.039% Undated Subordinated Additional Tier 1 Instruments issued 2019 (Callable 1 January 2025 onwards) 13 GBP500m 4.75% Undated Subordinated Additional Tier 1 Instruments issued 2019 (Callable 29 November 2024 onwards) 14 EUR250m 3.5% Undated Subordinated Additional Tier 1 Instruments issued 2019 (Callable 29 November 2024 onwards) 15 GBP431m 4.551% Undated Subordinated Additional Tier 1 Instruments issued 2019 (Callable 17 December 2024 onwards) 16 USD750m Undated Floating Rate Primary Capital Notes 17 USD500m Undated Floating Rate Primary Capital Notes 18 USD300m Undated Floating Rate Primary Capital Notes (Series 3) 19 GBP350m 5.375% Callable Subordinated Step-up Notes 2030 20 USD300m 7.65% Subordinated Notes 2025 21 GBP300m 6.5% Subordinated Notes 2023 22 GBP500m 5.375% Subordinated Notes 2033 23 GBP225m 6.25% Subordinated Notes 2041 24 GBP600m 4.75% Subordinated Notes 2046 25 USD450m Subordinated Floating Rate Notes 2021 26 GBP200m Subordinated Loan 2028 27 EUR300m Subordinated Loan 2028 28 EUR300m Floating Rate Subordinated Loan 2027 29 USD750m 3.43% Subordinated Loan 2022 30 USD750m 4.186% Subordinated Loan 2027 31 EUR1,500m Floating Subordinated Loan 2023 32 EUR2,000m 1.125% Subordinated Loan 2024 33 USD2,000m 3.5404% Subordinated Loan 2023 34 EUR1,250m 1.4648% Subordinated Loan 2027 35 EUR2,000m 1.728% Subordinated Loan 2024 36 EUR1,500m Floating Rate Subordinated Loan 2024 37 EUR20m 4.1% Schuldscheindarlehen 2020 38 EUR30m 4.77% Schuldscheindarlehen 2021 39 EUR10m 4.50% Schuldscheindarlehen 2021 40 EUR10m 5.5% Schuldscheindarlehen 2022 41 EUR10m 5.5% Schuldscheindarlehen 2023 42 EUR10m 4.21% Schuldscheindarlehen 2025 43 EUR5m 4.21% Schuldscheindarlehen 2025 44 EUR10m 5.5% Schuldscheindarlehen 2028 45 EUR37m Namensgenussschein 46 EUR52m Namensgenussschein 47 EUR16m, TSDI, TMO-0.25%, Perpetual 48 EUR260m Floating Rate Subordinated Loan 2029 49 HIGHLY RESTRICTED Page 2 of 50 Ordinary Shares 1 Issuer HSBC Bank plc Unique identifier 2 NA (eg CUSIP, ISIN or Bloomberg identifier for private placement) 3 Governing law(s) of the instrument English Law 4 Transitional CRR II rules Common Equity Tier 1 5 Post-transitional CRR II rules Common Equity Tier 1 6 Eligible at solo / (sub-) consolidated/ solo & (sub-) consolidated Solo & Consolidated 7 Instrument type (types to be specified by each jurisdiction) Ordinary Shares Amount recognised in regulatory capital 8 GBP 797.0 (Currency in million, as of most recent reporting date) 9 Nominal amount of instrument (Currency in million) GBP 797.0 9a Issue price NA 9b Redemption price NA 10 Accounting classification Shareholders' Equity 11 Original date of issuance Various 12 Perpetual or dated Perpetual 13 Original maturity date No Maturity 14 Issuer call subject to prior supervisory approval NA 15 Optional call date, contingent call dates and redemption amount NA 16 Subsequent call dates, if applicable NA 17 Fixed or floating dividend/coupon NA 18 Coupon rate and any related index NA 19 Existence of a dividend stopper No 20 a Fully discretionary, partially discretionary or mandatory (in terms of timing) NA 20 b Fully discretionary, partially discretionary or mandatory (in terms of amount) Fully discretionary 21 Existence of step up or other incentive to redeem NA 22 Noncumulative or cumulative Non-cumulative 23 Convertible or non-convertible Non-convertible 24 If convertible, conversion trigger (s) NA 25 If convertible, fully or partially NA 26 If convertible, conversion rate NA 27 If convertible, mandatory or optional conversion NA 28 If convertible, specify instrument type convertible into NA 29 If convertible, specify issuer of instrument it converts into NA 30 Write-down features NA 31 If write-down, write-down trigger(s) NA 32 If write-down, full or partial NA 33 If write-down, permanent or temporary NA 34 If temporary write-down, description of write-up mechanism NA Position in subordination hierarchy in liquidation (specify instrument type 35 Immediately subordinate to Additional Tier 1 immediately senior to instrument) 36 Non-compliant transitioned features No 37 If yes, specify non-compliant features NA Terms and Conditions Available upon request HIGHLY RESTRICTED Page 3 of 50 Non-Controlling Interest portion (HSBC Trinkaus & Burkhardt AG) HSBC Trinkaus & Burkhardt AG 1 Issuer (Non-Controlling Interest portion) Unique identifier 2 NA (eg CUSIP, ISIN or Bloomberg identifier for private placement) 3 Governing law(s) of the instrument NA 4 Transitional CRR II rules Common Equity Tier 1 5 Post-transitional CRR II rules Common Equity Tier 1 6 Eligible at solo / (sub-) consolidated/ solo & (sub-) consolidated Consolidated 7 Instrument type (types to be specified by each jurisdiction) Ordinary Shares Amount recognised in regulatory capital 8 GBP 344.4 (Currency in million, as of most recent reporting date) 9 Nominal amount of instrument (Currency in million) EUR 17.6 9a Issue price NA 9b Redemption price NA 10 Accounting classification Non-controlling interest in consolidated subsidiary 11 Original date of issuance NA 12 Perpetual or dated NA 13 Original maturity date NA 14 Issuer call subject to prior supervisory approval NA 15 Optional call date, contingent call dates and redemption amount NA 16 Subsequent call dates, if applicable NA 17 Fixed or floating dividend/coupon NA 18 Coupon rate and any related index NA 19 Existence of a dividend stopper NA 20 a Fully discretionary, partially discretionary or mandatory (in terms of timing) NA 20 b Fully discretionary, partially discretionary or mandatory (in terms of amount) NA 21 Existence of step up or other incentive to redeem NA 22 Noncumulative or cumulative NA 23 Convertible or non-convertible NA 24 If convertible, conversion trigger (s) NA 25 If convertible, fully or partially NA 26 If convertible, conversion rate NA 27 If convertible, mandatory or optional conversion NA 28 If convertible, specify instrument type convertible into NA 29 If convertible, specify issuer of instrument it converts into NA 30 Write-down features NA 31 If write-down, write-down trigger(s) NA 32 If write-down, full or partial NA 33 If write-down, permanent or temporary NA 34 If temporary write-down, description of write-up mechanism NA Position in subordination hierarchy in liquidation (specify instrument type 35 NA immediately senior to instrument) 36 Non-compliant transitioned features NA 37 If yes, specify non-compliant features NA Terms and Conditions Available upon request HIGHLY RESTRICTED Page 4 of 50 Non-Controlling Interest portion (HSBC Bank Malta plc) HSBC Bank Malta plc 1 Issuer (Non-Controlling Interest portion) Unique identifier 2 NA (eg CUSIP, ISIN or Bloomberg identifier for private placement) 3 Governing law(s) of the instrument NA 4 Transitional CRR II rules Common Equity Tier 1 5
Load more

Recommended publications
  • Interim Report and Accounts 2020 COMPANY ANNOUNCEMENT
    HSBC Bank Malta p.l.c. Interim Report and Accounts 2020 COMPANY ANNOUNCEMENT The following is a Company Announcement issued by HSBC Bank Malta p.l.c. pursuant to the Listing Rules issued by the Listing Authority. Quote: During a meeting held on the 3 August 2020, the Board of Directors of HSBC Bank Malta p.l.c. approved the attached Group and Bank interim condensed financial statements for the six-month financial period commencing 1 January 2020 to 30 June 2020. 3 August 2020 2020 Interim Results – Highlights The economic impact of the Covid-19 pandemic has been the main driver of the change in our financial performance in the first half of 2020. The resultant increase in expected credit losses contributed to a material fall in reported profit before tax compared with the same period last year in addition to the market turmoil that has impacted our Insurance business. Financial performance (vs 1H19) • Profit before tax down €19.1m to €1.8m due to higher expected credit losses and lower revenue reflecting the impact of the Covid-19 outbreak. • Revenue down 16% largely driven by revaluation losses within the Life Insurance subsidiary as a result of adverse market movements (equity and interest rates). Excluding the insurance subsidiary, revenue declined by 1%. • Expected credit losses increased by €9.7m to €8.7m due to the impact of Covid-19. In 2019 we benefited from a number of releases in the first half of the year. • Costs are 5% below same period in 2019 reflecting strong progress on the strategy announced in 2019.
    [Show full text]
  • HSBC Bank Plc Annual Report and Accounts 2006
    HSBCBankARAcover06 19/2/07 10:22 am Page 1 2006 Annual Report and Accounts HSBC Bank plc HSBC BANK PLC Annual Report and Accounts 2006 Contents Page Page Financial Highlights .............................................. 1 Consolidated statement of recognised income and expense for the year ended Board of Directors and Senior Management ...... 2 31 December 2006 .............................................. 29 Report of the Directors ......................................... 4 Consolidated cash flow statement for the year ended 31 December 2006 ............................ 30 Statement of Directors’ Responsibilities in Relation to the Directors’ Report and the HSBC Bank plc balance sheet at Financial Statements ........................................... 25 31 December 2006 .............................................. 31 Independent Auditors’ Report to the Member HSBC Bank plc statement of recognised income of HSBC Bank plc ............................................... 26 and expense for the year ended 31 December 2006 .............................................. 32 Financial Statements HSBC Bank plc cash flow statement for the year Consolidated income statement for the year ended 31 December 2006 .................................... 33 ended 31 December 2006 ................................27 Notes on the Financial Statements ............................ 34 Consolidated balance sheet at 31 December 2006 ......................................... 28 Presentation of Information This document comprises the Annual Report and Accounts
    [Show full text]
  • Annual Report 2013 Financial Highlights of the HSBC Trinkaus Group
    Geschäftsbericht 2013 Annual Report 2013 Annual Report Financial Highlights of the HSBC Trinkaus Group 2013 2012* change in % Results in € m Operating revenues 703.0 705.4 – 0.3 Net loan impairment and other credit risk provisions 10.9 0.9 > 100 Administrative expenses 486.2 495.0 – 1.8 Pre-tax profit 219.1 217.9 0.6 Tax expenses 63.8 85.9 – 25.7 Net profit 155.3 132.0 1 7. 7 Balance sheet figures in € m Total assets 19,809.7 20,047.8 – 1.2 Shareholders’ equity 1,453.7 1,385.2 4.9 Ratios Cost efficiency ratio of usual business activity in % 67.9 69.4 – Return on equity before tax in % 16.5 1 7. 1 – Net fee income in % of operating revenues 57.0 54.4 – Funds under management and administration in € bn 149.2 150.3 – 0.7 Employees 2,527 2,528 0.0 Share information Number of shares issued in million 28.1 28.1 0.0 Dividend per share in € 2.50 2.50 0.0 Earnings per share in € 5.53 4.70 1 7. 7 Share price as at 31.12. in € 84.80 87.19 – 2.8 Market capitalisation in € m 2,383.5 2,450.7 – 2.8 Regulatory ratios** Tier 1 in € m 1,303.9 1,192.6 9.3 Regulatory capital in € m 1,638.5 1,534.6 6.8 Risk-weighted assets in € m 11,125.0 9,238.1 20.4 Tier 1 ratio in % 11.
    [Show full text]
  • Global Finance Names the World'sbest Trade Finance Banks
    Global Finance names the World’sBest Trade Finance Banks 2011 NEW YORK, December 17, 2010 – Global Finance magazine (GFmag.com) has The reach of Global Finance named the “Best Trade Finance Banks” by region and country in an exclusive survey Global Finance, founded in 1987, to be published in the February 2011 issue. Global Finance editors — with input has a circulation of 50,050 and from industry analysts, corporate executives and technology experts — selected readers in 163 countries. Its the best trade finance banks in 71 countries or regions. Criteria for choosing the circulation is audited by BPA. winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance’s audience includes chairmen, presidents, CEOs, CFOs, The Best Trade Finance Bank globally will be announced in the October 2011 issue. treasurers and other senior financial officers responsible for making “The availability of trade finance at reasonable prices is crucial to the health of the investment and strategic decisions global economy,” says Joseph D. Giarraputo. “We have selected the banks that are at multinational companies and best serving the needs of corporations worldwide as they engage in cross-border financial institutions. Global Finance trade.” also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management. Its website –– GFmag.com –– The full list of the World’s Best Trade Finance Banks is on the next page. offers analysis and articles that are the heritage of 23 years of experience in international financial markets, and provides a valuable source of data on 192 countries.
    [Show full text]
  • HSBC Bank Plc Annual Report and Accounts 2009 HSBC Bank Plc
    HSBC Bank plc Annual Report and Accounts 2009 HSBC Bank plc Annual Repor t and Accounts 2009 Accounts t and HSBC Bank plc 8 Canada Square London E14 5HQ United Kingdom Telephone: 44 020 7991 8888 Facsimile: 44 020 7992 4880 www.hsbc.co.uk HSBC BANK PLC Annual Report and Accounts 2009 Contents Page Page Financial Highlights .................................................... 1 Consolidated cash flow statement for the year ended 31 December 2009 ...............................33 Board of Directors ....................................................... 2 Consolidated statement of changes in equity Report of the Directors ............................................... 3 for the year ended 31 December 2009....................34 Statement of Directors’ Responsibilities in HSBC Bank plc statement of financial Relation to the Directors’ Report and the position at 31 December 2009 ...............................36 Financial Statements ................................................. 28 HSBC Bank plc cash flow statement for the Independent Auditor’s Report to the year ended 31 December 2009 ...............................37 Member of HSBC Bank plc ...................................... 29 HSBC Bank plc statement of changes in Financial Statements equity for the year ended 31 December 2009.........38 Consolidated income statement for the year Notes on the Financial Statements .........................40 ended 31 December 2009 ........................................ 30 Consolidated statement of comprehensive income for the year ended 31 December
    [Show full text]
  • Annual Report and Accounts 2020 the HSBC Group HSBC Bank Malta P.L.C
    HSBC Bank Malta p.l.c. Annual Report and Accounts 2020 The HSBC Group HSBC Bank Malta p.l.c. is a member of the HSBC Group, whose ultimate parent company is HSBC Holdings plc. Headquartered in London, HSBC Holdings plc is one of the largest banking and financial services organisations in the world. The HSBC Group’s international network is spread across 64 countries and territories in Europe, Asia, North America, Latin America, and the Middle East and North Africa. HSBC Bank Malta p.l.c. Registered in Malta: C3177 Registered Office and Head Office: 116 Archbishop Street Valletta VLT 1444 Malta Telephone: 356 2380 2380 www.hsbc.com.mt HSBC Holdings plc Registered Office and Group Head Office: 8 Canada Square London E14 5HQ United Kingdom Telephone: 44 020 7991 8888 www.hsbc.com Contents Page Chairman’s Statement 2 Chief Executive Officer’s Review 7 Board of Directors and Company Secretary 15 Executive Committee and Head of Internal Audit 17 Report of the Directors 20 Directors’ Responsibilities Statement 30 Statement of compliance with the Code of Principles of Good Corporate Governance 31 Remuneration Report 39 Independent Auditor’s Report to the Shareholders of HSBC Bank Malta p.l.c. 45 Income Statements 53 Statements of Comprehensive Income 54 Statements of Financial Position 55 Statements of Changes in Equity 56 Statements of Cash Flows 58 Notes on the Financial Statements 59 Additional Regulatory Disclosures 146 Five-Year Comparison: Income Statements and Statements of Comprehensive Income 183 Five-Year Comparison: Statements of Financial Position 184 Five-Year Comparison: Statements of Cash Flows 185 Five-Year Comparison: Accounting Ratios 186 Branches and Offices 187 HSBC Bank Malta p.l.c.
    [Show full text]
  • HSBC Bank Malta Plc Investor Fact Sheet – December 2016
    HSBC Bank Malta plc Investor Fact Sheet – December 2016 PROFILE: In June 1999, HSBC Holdings plc acquired 70.03% of the shareholding of HSBC Bank Malta plc (previously Mid-Med Bank plc) from the Government of Malta for a consideration of €200.6 million. The remaining 29.97% of QUICK FACTS: the shares remain in the hands of the public. ISIN: MT0000030107 Ticker: HSB HSBC Malta is a member of the HSBC Group, whose ultimate parent Currency: EURO (€) company is HSBC Holdings plc (London) – one of the largest banking and No. of Shares financial services organisations in the world. 360,306,099 in Issue: Market Cap.: €684.6 million HSBC Malta is authorised to carry on the business of banking, under the Nominal Banking Act, 1994 as a credit institution. It is also a licensed financial €0.30 Value: intermediary in terms of the Financial Markets Act, 1990 and holds Official List – Malta Category 3 and Category 4 Investment Services licenses in terms of the Listing: Stock Exchange Investment Services Act, 1994. • HSBC Life It provides a comprehensive range of financial services including Retail Assurance (Malta) Ltd (99.99%) Banking and Wealth Management, Commercial Banking and Global • HSBC Global Asset Banking and Markets. Through a number of specialised subsidiary Main Management (Malta) companies, the Bank is also active in the areas of life assurance and fund Subsidiaries: Ltd (99.99%) management. The Bank’s network consists of 26 branches, 2 Commercial • HSBC Insurance Centres, a Premier Centre and a Business Banking Centre. Management Services (Europe) Limited (99.99%) Website: www.hsbc.com.mt SHAREHOLDING STRUCTURE: FINANCIAL CALENDAR: Other Year End: December Shareholders Preliminary 29.97% Results February Publication: Annual General April Meeting: Dividend April / September Payments: Half-Year End: June Interim August HSBC Europe Results: B.V.
    [Show full text]
  • HSBC Entity Giinsdownload
    HSBC Counterparties - Common Reporting Standard legal entity information Updated: 10 May 2019 The Common Reporting Standard (CRS) affects both business and individuals, from the smallest account holder to the largest of corporations. Therefore, as well as requiring our customers to provide CRS related information to us, HSBC should also provide its tax residency information to those financial institutions (referred to as "counterparties") that count us as their customer, when those financial institutions are required to carry out their CRS due diligence obligations. To fulfil our CRS requirements, HSBC has provided the following data for each of its entities: -Entity Name -Registered Address -Country of Incorporation -Entity Type -Jurisdiction of Tax Residency -Global Intermediary Identification Number (GIIN) (if relevant) -Taxpayer Identification Number (TIN) To access this information, simply search below by any of these fields. If you cannot find the information you are looking for, please speak to your main point of contact at HSBC. Global Intermediary Identification Number Taxpayer Identification Number (TIN) Entity Name Registered Address Country of Incorporation Entity Type Jurisdiction of Tax Residency (GIIN) HSBC Administradora de Inversiones S.A. Bouchard 557, Piso 18° , Cdad. Autónoma de Buenos Aires, Argentina, 1106 Argentina REPORTING FI Argentina IN8MB5.99999.SL.032 30-58408672-2 HSBC Argentina Holdings S.A. 557 Bouchard, Level 22 , Ciudad de Buenos Aires, Capital federal, Argentina, C1106ABG Argentina REPORTING FI Argentina HFH4AU.00001.ME.032 30-54054626-2 HSBC Bank Argentina S.A. 557 Bouchard, Level 22 , Ciudad de Buenos Aires, Capital federal, Argentina, C1106ABG Argentina REPORTING FI Argentina HFH4AU.00000.LE.032 33537186009 HSBC Seguros de Retiro (Argentina) S.A.
    [Show full text]
  • The Implementation of HSBC's Strategy: a Review by the Group
    THE HSBC GROUP The Implementation of HSBC’s Strategy: a Review by the Group Chief Executive the opening of our first mainland China centre in Shanghai in 2002 will be followed by others later in the year. Furthermore, customers now get round-the- clock support and information from local call centres and global travel assistance services, as well as from a new web site, www.premier.hsbc.com. We have invested significant amounts in proprietary customer relationship management systems to ensure our growing customer base is managed efficiently. As a result, we are handling a greater share of our customers’ financial requirements and, in the process, generating higher levels of customer satisfaction. For example, in 2001, our ‘Individual Solutions’ programme in the UK generated more than five million customer contacts, 2001 was the third full year of our ‘Managing for over one million of which led to an expansion of an Value’ strategy and, despite difficult economic existing relationship. conditions in many countries, we made good progress Insurance for personal customers, including towards our objectives. We focused on becoming ever HSBC’s own life, pensions, investment-linked and more customer-driven, on product innovation, and on protection products along with those of third-party harnessing the combined strengths of HSBC more providers, is now sold through all our principal lines efficiently and cost-effectively. of business. These also offer HSBC broking and Our drive was underpinned by even greater actuarial services. Personal insurance products were investment in technology, with some US$2.5 billion available in 33 countries by year-end 2001, and our spent during the year, an increase of 19 per cent.
    [Show full text]
  • The HSBC Group a Brief History 6433 Brief History 2004 V2 4/2/04 4:13 Pm Page A2
    6433 Brief History 2004 v2 4/2/04 4:13 pm Page a1 The HSBC Group A brief history 6433 Brief History 2004 v2 4/2/04 4:13 pm Page a2 Contents Foreword 1 Introduction 2 The HSBC Group in the Asia-Pacific region 4 The HSBC Group in Europe 14 The HSBC Group in the Middle East 22 The HSBC Group in the Americas 26 The making of the modern HSBC Group 32 Principal members of the HSBC Group 36 Further reading 37 Cover: A detail of some of the images displayed on the HSBC History Wall at the Group Head Office in London. A major work of art designed and built by Thomas Heatherwick Studio, the History Wall comprises nearly 4,000 images relating to HSBC’s history around the world. Below, left: The HSBC History Wall seen from the main entrance of the Group Head Office in London. Centre: Postcard sent in 1903, showing the offices of The Hongkong and Shanghai Banking Corporation in Hong Kong. Right: Advertisement promoting business accounts, issued by Midland Bank in 1968. 6433 Brief History 2004 v2 4/2/04 4:14 pm Page 1 1 Foreword The HSBC Group has a remarkable history in banking and financial services. That history has left its mark and helped to make us what we are today — one of the leading organisations in the modern financial world. HSBC’s pride in its history is not a matter of nostalgia. Our experiences have shaped the Group’s character and business approach. Our record of resilience, adaptability and innovation helps to explain why we have been able to succeed during times of rapid change.
    [Show full text]
  • Malta) on Four Other Systemically Important Institutions (O-Siis
    Notification template for Article 131 CRD – Other Systemically Important Institutions (O-SII) Please send this template to • [email protected] when notifying the ESRB; • [email protected] when notifying the ECB; • [email protected] when notifying the EBA. Emailing this template to the above-mentioned addresses constitutes an official notification, no further official letter is required. In order to facilitate the work of the notified authorities, please send the notification template in a format that allows electronically copying the information. 1. Notifying national authority 1.1 Name of the notifying authority Central Bank of Malta (CBM) and Malta Financial Services Authority (MFSA) 2. Description of the measure 2.1 Categorisation of Other systemically important institutions (O-SII) identification and buffer setting as per measures Article 131 of the CRD IV. The measure applies to the following institutions at the highest level of consolidation in Malta: 2.2 Concerned • Bank of Valletta Group LEI Code: 529900RWC8ZYB066JF16 institution or group of institutions • HSBC Bank Malta Plc LEI Code: 549300X34UUBDEUL1Z91 • MDB Group Ltd. LEI Code: 213800TC9PZRBHMJW403 • APS Bank plc. LEI Code: 213800A1O379I6DMCU10 Institution Buffer rate Bank of Valletta Group (BOV) 2.00% 2.3 Level of the buffer HSBC Bank Malta plc (HSBC) 1.50% applied MDB Group Ltd. (MED) 1.00% APS Bank plc. (APS) 0.25% The additional capital requirement is calculated on the basis of the institutions’ total risk exposure amount and must be covered by Core Equity Tier 1 capital (CET1 capital). HSBC Bank Malta plc: HSBC Holdings, LEI Code: MLU0ZO3ML4LN2LL2TL39 2.4 Name of the EU ultimate parent MDB Group Ltd: AnaCap Financial Partners LLP, LEI code: 254900TAGFZB4HS1LG48 institution Bank of Valletta Group and APS Bank plc are ultimate parent institutions.
    [Show full text]
  • Annual Report and Accounts 2016 the HSBC Group HSBC Bank Malta P.L.C
    HSBC BANK MALTA P.L.C. Notes on the Financial Statements (continued) HSBC Bank Malta p.l.c. Annual Report and Accounts 2016 The HSBC Group HSBC Bank Malta p.l.c. is a member of the HSBC Group, whose ultimate parent company is HSBC Holdings plc. Headquartered in London, HSBC Holdings plc is one of the largest banking and financial services organisations in the world. The HSBC Group’s international network comprises around 4,000 offices in 70 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. HSBC Bank Malta p.l.c. Registered in Malta: number C3177 Registered Office and Head Office: 116 Archbishop Street Valletta VLT 1444 Malta Telephone: 356 2380 2380 Facsimile: 356 2380 4923 www.hsbc.com.mt HSBC Holdings plc Registered Office and Group Management Office: 8 Canada Square London E14 5HQ United Kingdom Telephone: 44 020 7991 8888 Facsimile: 44 020 7992 4880 www.hsbc.com HSBC BANK MALTA P.L.C. Contents 2 Chairman’s Statement 9 Chief Executive Officer’s Review 20 Board of Directors and Company Secretary 22 Executive Committee 25 Report of the Directors 32 Directors’ Responsibilities Statement 33 Statement of Compliance with the Code of Principles of Good Corporate Governance 43 Remuneration Report 49 Independent Auditor’s Report to the Members of HSBC Bank Malta p.l.c. 57 Income Statements 58 Statements of Comprehensive Income 59 Statements of Financial Position 60 Statements of Changes in Equity 62 Statements of Cash Flows 63 Notes on the Financial Statements 166 Additional Regulatory Disclosures 185 Income Statements and Statements of Comprehensive Income: Five-Year Comparison 186 Statements of Financial Position: Five-Year Comparison 187 Statements of Cash Flows: Five-Year Comparison 188 Accounting Ratios: Five-Year Comparison 189 Financial Highlights in US dollars 190 Branches and Offices 1 HSBC BANK MALTA P.L.C.
    [Show full text]