HSBC Bank Malta lower H1 profitability reflects impact of risk management actions

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Strategy Execution

  • Transformation to achieve highest global standards of financial crime compliance now largely complete, protecting the business and customers for the long-term.

 

  • De-risking actions reduced first half profitability in addition to the ongoing impact of negative interest rates.

 

  • HSBC Malta has commenced transition to a new phase focused on growth and value creation.  Bank is targeting to grow revenue faster than costs and increase return on equity over time.

 

  • Commercial Banking new business pipeline has significant momentum and capacity for revenue development within existing risk appetite.

 

  • Retail Banking and Wealth Management business …

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