HSBC sees €17 5m half-year profit thanks to life insurance results timesofmalta.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from timesofmalta.com Daily Mail and Mail on Sunday newspapers.
HSBC Malta has announced it will be launching two voluntary redundancy schemes as part of efforts to "create a leaner working model" that will impact "limited"
Newsbook
HSBC Malta is supporting JAYE Maltaâs course titled âBuilding a Financially Capable Generationâ
HSBC Bank Malta is supporting JAYE Maltaâs âBuilding a Financially Capable Generationâ course, a new and innovative programme which provides young teenagers with practical information to help them understand finance.
This initiative is part of a global collaboration between HSBC and JA Worldwide to increase awareness of financial literacy, financial capability, and their differences.
In Malta the sessions are being delivered by 15 specially trained volunteers from among HSBC Maltaâs employees. Caroline Buhagiar Klass, Head of Human Resources and Corporate Sustainability at HSBC, said: âFinancial literacy is important because it equips people with the skills and knowledge needed to manage finances effectively. Not having these skills can result in poor decisions that have a long term impact on oneâs future. This is why HSBC Malta has
HSBC Malta suffered a 66% drop in profit in 2020 over the previous year, with the bank saying COVID-19 had a major impact on its profitability.
In a company announcement, the bank on Tuesday reported profit before tax of €10.4m for the year ending December 2020, a decrease of €20.3m or 66% compared to the previous year.
The bank s net fee income decreased by €1.8 million compared to 2019, which the bank says was driven largely by a reduction in activity due to the pandemic across cards, payments, insurance and credit facilities.
Operating costs also took a hit, amounting to €97.4 million compared to €120.7 million reported in 2019, the latter of which included a restructuring provision worth €16 million.
HSBC to go ahead with €5 monthly charge on customer accounts maltatoday.com.mt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maltatoday.com.mt Daily Mail and Mail on Sunday newspapers.