HSBC Bank Malta plc

Contacts 
    Address  VLT 1116, Malta, Valletta, Head Office, 233, Republic Street
    Phone  23802380
    Fax  21490613
    Website  www.hsbc.com.mt
    E-Mail  infomalta@hsbc.com
Member of Group  HSBC (United Kingdom)
Bank Identifiers 
    BIC (SWIFT)  MMEBMTMTXXX
    MFI ID  MTCIHSBC
Deposit Guarantee  Yes (up to 100 000 EUR per depositor)
Financial Positions 
    Total Assets (2014)  5 546.73 mln EUR ↑ (+8.20%)
    Total Equity (2014)  395.26 mln EUR ↑ (+7.91%)
Profit and Loss 
    Operating Income (2014)  178.57 mln EUR ↑ (+0.45%)
    Net Income (2014)  48.22 mln EUR ↓ (-10.84%)

Bank Identifiers

Any bank can be identified for different purposes and hence can have several different identifiers.

BIC

BIC (Business Identifier Code) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

BIC  MMEBMTMTXXX
Bank BIC Code  MMEB
Country Code  MT (Malta)
Location Code  MT
Branch Code  XXX

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).


MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

MFI ID  MTCIHSBC

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.


Deposit Guarantee

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Malta are obliged to participate in Maltese deposit guarantee scheme.

In the case of HSBC Bank Malta plc failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  most types of deposit are covered, including current, deposit and savings accounts
Maximum Protected Amount  100 000 EUR
Paid In Currency  in the same currency as the deposit

Further Information: Deposit Guarantee Scheme in Malta

ECB Minimum Reserves Requirements (MRR)

Minimum reserves is the minimum amount of reserves a credit institution is required to hold with a central bank.

Subject to MRR by ECB  Yes
Exempt from MRR by ECB  No

Financial Positions

In 2014 total assets of HSBC Bank Malta plc were 5 546.73 mln EUR. Growth compared to the previous period (2013) was 8.20%. The evolution of the total assets of HSBC Bank Malta plc is shown at Chart 1 below.

Total Assets of HSBC Bank Malta plc.
Chart 1. Total Assets of HSBC Bank Malta plc.

Recent changes in total assets of HSBC Bank Malta plc and its main components are shown in Table 1.

2013 2014 % Change
Cash and deposits with Central Banks 151.5 118.0 -22.07% ↓
Investments 897.8 1 137.7 +26.72% ↑
Loans to banks 564.7 796.3 +41.01% ↑
Loans to customers 3 301.0 3 284.9 -0.49% ↓
Total Assets 5 126.4 5 546.7 +8.20% ↑
Table 1. Recent changes in total assets of HSBC Bank Malta plc (mln EUR).

Recent changes in total liabilities of HSBC Bank Malta plc and its main components are shown in Table 2.

2013 2014 % Change
Bank deposits 41.8 59.8 +43.20% ↑
Customer deposits 4 554.1 4 931.5 +8.29% ↑
Total Liabilities 5 126.4 5 546.7 +8.20% ↑
Table 2. Recent changes in total liabilities of HSBC Bank Malta plc (mln EUR).

Profit and Loss

Recent changes in gross profit of HSBC Bank Malta plc and its main components are shown in Table 3.

2013 2014 % Change
Interest Income 161.4 153.0 -5.21% ↓
Interest Charges -37.5 -33.4 -11.07% ↓
Net Interest Income 123.9 119.6 -3.43% ↓
Commission Income 28.3 28.0 -1.26% ↓
Commission Charges -1.6 -1.7 +5.76% ↑
Net Commission Income 26.7 26.3 -1.68% ↓
Table 3. Recent changes in gross profit of HSBC Bank Malta plc (mln EUR).

In 2014 net income of HSBC Bank Malta plc was 48.22 mln EUR. Decline compared to the previous period (2013) was -10.84%. The evolution of the net income of HSBC Bank Malta plc is shown at Chart 2 below.

Net Income of HSBC Bank Malta plc.
Chart 2. Net Income of HSBC Bank Malta plc.

Related Information on Malta

Economy and Banking Sector of Malta

List of Banks in Malta

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