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MarketScreener Homepage  >  Equities  >  Malta Stock Exchange  >  HSBC Bank Malta p.l.c.    HSB   MT0000030107

HSBC BANK MALTA P.L.C.

(HSB)
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HSBC Bank Malta p l c : Malta launches the Malta Development Bank COVID-19 Guarantee Scheme

05/20/2020 | 07:59am EST

News Release

20 May, 2020

HSBC Malta launches the Malta Development Bank

COVID-19 Guarantee Scheme

HSBC Bank Malta p.l.c. is further enhancing its support for the business community during these challenging times by confirming its participation in the Malta Development Bank (MDB) COVID-19 Guarantee Scheme (CGS). This development complements a series of initiatives already taken by the bank at the outset of the COVID-19 pandemic, including capital repayment holidays, fee free temporary short-term working capital and trade finance support.

This government-backed scheme provides banks with credit risk mitigation and capital relief in respect of loans granted to eligible and viable businesses which may be experiencing cash flow and liquidity pressures resulting from the adverse business conditions following the virus outbreak. HSBC Malta's normal credit guidelines will continue to apply.

Joyce Grech, Head of Commercial Banking at HSBC Malta, said: "The launch of the Malta Development Bank COVID-19 Guarantee Scheme will further enable us to support business customers who are looking for financial support during this uncertain time. The COVID-19 Guarantee Scheme facilitates the provision of additional financing for businesses facing a sudden acute liquidity shortage. HSBC Malta has already introduced a significant number of other measures to support the business community and I would encourage all our commercial customers who feel they need assistance to contact their Relationship Manager in order to discuss the best options available for their specific requirements."

More information on the Malta Development Bank COVID-19 Guarantee Scheme is available here.

HSBC Malta launches the Malta Development Bank COVID-19 Guarantee Scheme

This news release is issued by

Registered Office:

HSBC Bank Malta p.l.c.

116 Archbishop Street, Valletta VLT1444

Web: www.hsbc.com.mt

Disclaimer

HSBC Bank Malta plc published this content on 20 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2020 11:58:02 UTC


© Publicnow 2020
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Financials
Sales 2019 151 M 183 M 183 M
Net income 2019 20,2 M 24,4 M 24,4 M
Net cash 2019 2 223 M 2 692 M 2 692 M
P/E ratio 2019 23,2x
Yield 2019 2,92%
Capitalization 295 M 357 M 358 M
EV / Sales 2018 -11,3x
EV / Sales 2019 -11,6x
Nbr of Employees 1 271
Free-Float 30,0%
Chart HSBC BANK MALTA P.L.C.
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HSBC Bank Malta p.l.c. Technical Analysis Chart | HSB | MT0000030107 | MarketScreener
Income Statement Evolution
Managers and Directors
NameTitle
Simon Vaughan Johnson Chief Executive Officer
John L. Bonello Chairman
Nikolaos Fertakis Chief Operating Officer
Emma Nuttall Chief Financial Officer
Andrew Muscat Independent Non-Executive Director
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