HSBC Bank Malta plc

HSBC Bank Malta plc was registered in Malta under the name Mid-Med Bank Limited. In 1993 ordinary shares of Mid-Med Bank were listed on the Malta Stock Exchange. In 1997 the bank changed its legal form to public limited liability company. In 1999 the bank changed its name again to HSBC Bank Malta plc. HSBC Bank Malta plc provides a comprehensive range of financial services including retail banking and wealth management, commercial banking and global banking and markets.

Services

Retail Banking
Wealth Management
Commercial Banking
Global Banking and Markets

Financials

Total Assets (2017)
5 459.38 mln EUR  (-4.18%)
Net Income (2017)
24.99 mln EUR  (-41.48%)
Number of Employees (2015)
1 414  (+1.80%)

In 2017 total assets of HSBC Bank Malta plc were 5 459,38 mln EUR. In 2017 the bank's net income was 24,99 mln EUR. HSBC Bank Malta plc had 1 414 employees in 2015.

HSBC Bank Malta plc participates in deposit guarantee scheme of Malta. This scheme covers accounts up to 100 000 EUR per bank per depositor.

HSBC Bank Malta plc is a member of HSBC (United Kingdom).

Contacts

Head Office, 233, Republic Street, VLT 1116, Valletta, Malta
23802380
21490613

HSBC Bank Malta plc is headquartered in Valletta.

Bank Identifiers

BIC (SWIFT)
MMEBMTMTXXX
MFI ID
MTCIHSBC

Business Summary

Services
retail banking
wealth management
commercial banking
global banking and markets

HSBC Bank Malta plc provides products and services in the areas of retail banking, wealth management, commercial banking, global banking and markets.

Financial Positions

Total Assets (2017)
5 459.38 mln EUR  (-4.18%)
Total Equity (2017)
420.39 mln EUR 

In 2017 total assets of HSBC Bank Malta plc were 5 459.38 mln EUR. Decline compared to the previous period (2016) was -4.18%. 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.

2016 2017 % change
Cash and deposits with Central Banks 122.4 164.1 +34.02%
Investments 1 048.5 924.9 -11.79%
Loans to banks 996.1 1 045.7 +4.98%
Loans to customers 3 320.4 3 128.8 -5.77%
Total Assets 5 697.4 5 459.4 -4.18%
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.

2016 2017 % change
Bank deposits 10.8 54.7 +407.92%
Customer deposits 5 060.8 4 850.9 -4.15%
Total Liabilities 5 697.4 5 459.4 -4.18%
Table 2. Recent changes in total liabilities of HSBC Bank Malta plc (mln EUR).

Profit and Loss

Operating Income (2017)
143.77 mln EUR  (-18.28%)
Annual Profit (2016)
40.00 mln EUR  (+37.93%)
Net Income (2017)
24.99 mln EUR  (-41.48%)

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

2016 2017 % change
Interest Income 142.0 132.7 -6.55%
Interest Charges -15.7 -12.2 -22.22%
Net Interest Income 126.3 120.5 -4.60%
Commission Income 21.0 20.0 -4.71%
Commission Charges -1.4 -1.4 -1.09%
Net Commission Income 19.7 18.7 -4.97%
Table 3. Recent changes in gross profit of HSBC Bank Malta plc (mln EUR).

In 2016 annual profit of HSBC Bank Malta plc was 40.00 mln EUR. Growth compared to the previous period (2015) was 37.93%. The evolution of the annual profit of HSBC Bank Malta plc is shown at Chart 2 below.

Annual Profit of HSBC Bank Malta plc.

Chart 2. Annual Profit of HSBC Bank Malta plc.

In 2017 net income of HSBC Bank Malta plc was 24.99 mln EUR. Decline compared to the previous period (2016) was -41.48%. The evolution of the net income of HSBC Bank Malta plc is shown at Chart 3 below.

Net Income of HSBC Bank Malta plc.

Chart 3. Net Income of HSBC Bank Malta plc.

Number of Employees

Number of Employees (2015)
1 414  (+1.80%)

In 2015 there were 1 414 employees of HSBC Bank Malta plc. Growth compared to the previous period (2014) was 1.80%. The evolution of the number of employees of HSBC Bank Malta plc is shown at Chart 4 below.

Number of Employees of HSBC Bank Malta plc.

Chart 4. Number of Employees of HSBC Bank Malta plc.

Market Share and Rank (among banks in Malta)

Total Assets (2016)
2nd (market share 21.90%)

In 2016 HSBC Bank Malta plc was ranked the 2nd largest bank in Malta in terms of total assets, having 21.90% of the domestic market share.

Market share of HSBC Bank Malta plc (among banks in Malta)

Chart 5. Market share of HSBC Bank Malta plc (among banks in Malta)

Several banks having the market shares and ranks closest to HSBC Bank Malta plc are shown below.

RankNameTotal AssetsMarket Share
1 Bank of Valletta (BOV)10682.29 mln EUR41.06%
2 HSBC Bank Malta plc5697.40 mln EUR21.90%
3 MEDIRECT BANK (MALTA) PLC1811.91 mln EUR6.96%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

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

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) 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.

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).

BIC of HSBC Bank Malta plc and its components are shown in the table below.

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

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.

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.

MFI ID of HSBC Bank Malta plc is shown in the table below.

MFI ID  MTCIHSBC

Domestic Presence

Branches (2015)
26  (-10.34%)

In 2015 HSBC Bank Malta plc had 26 branches in Malta. Decline compared to the previous period (2014) was -10.34%.

European Presence: 20 banks in 17 countries

HSBC Bank Malta plc operates under the brand name HSBC Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Belgium

Bermuda

Czech Republic

France

Guernsey

Ireland

Isle of Man

Italy

Jersey

Luxembourg

Malta

  •  (this bank) HSBC Bank Malta plc (Valletta)

Netherlands

Poland

Spain

Switzerland

Turkey

United Kingdom

Defunct Banks: 3 banks in 2 countries

The following banks operating under HSBC Bank brand name has been recently closed down:

Cayman Islands

Jersey