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BUSINESS TODAY 23 February 2023

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€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

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