€1.50
THURSDAY 23 FEBRUARY 2023 • ISSUE 194
WWW.BUSINESSTODAY.COM.MT
PAGE 5 PAGE 3
PAGE 2
HSBC Malta reports €57.3m
in 2022 pre-tax profit, with
10.4c in earnings per share
GO Ventures
invests in UK-
based tech
start-up
Seasonal
industrial
turnover up
1.4% in Q4
2022
PAUL COCKS
HSBC Malta reported €57.3 million in
profit before tax for the year ended 31
December 2022, an increase of €30.4m
or 113% over 2021.
e adjusted profit before tax of
€58.8m, excludes the impact of restruc-
turing provisions of €1.5m, increased by
€29.2m, or 98% versus 2021.
Reported profit attributable to share-
holders was €37.6m, resulting in earn-
ings per share of 10.4 cent compared
with 4.9 cent in the same period in 2021.
HSBC Malta's net interest income in-
creased by 11% to €108.2m compared
to prior year as the bank benefitted from
rising interest rates.
e European Central Bank increased
the interest rate on their overnight de-
posit facility from -0.5% on 26 July 2022
rising to 2% as from 21 December 2022
and therefore the bank's surplus liquidity
position was no longer being placed at
negative rates.
Net fee income decreased by €2.1m com-
pared to 2021 to €22.1m. is was driven
by the removal of the high balance fee in
July 2022, which was a customer-driven
decision taken by the bank in view of the
rising interest rate environment.
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 22 Feb 2023
Number of Trades: 35
Turnover: € 245,921.72
MSE TRX Index: 7,459.00
Change: -0.349%
Name: SD27A
MT0001431205
- Currency €
Last Traded: 22 Feb 2023
Price 96.500
Change +0.480
US Dollar 1.0388
British Pound: 0.86477
Japanese Yen: 144.59
Australian Dollar: 1.5451
Swiss Franc: 0.98700
7,587.67
75.67
7,592.39 / 7,512.00
Value
Net variation
High / Low
+1.01%
SD
FINANCE
plc
