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HSBC BECOMES FIRST CUSTODIAN BANK IN CHINA TO SERVICE A GERMAN RQFII
HSBC today announced that it has become the first custodian bank in China to service a Renminbi Qualified Foreign Institutional Investor (RQFII) based in Germany. HSBC is providing local custodian services to Deutsche Asset & Wealth Management Investment GmbH, which has secured regulatory approval to become the first German investor in China under the RQFII scheme, a programme designed to open up the nation's onshore securities markets to overseas investors using renminbi (RMB).
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HSBC TRINKAUS & BURKHARDT AG 2014 PRELIMINARY RESULTS GROWTH INITIATIVE SHOWS GOOD PROGRESS TO DATE
2014 was again a challenging year for HSBC Trinkaus & Burkhardt due to overall economic trends and the regulatory framework. The growth initiative launched in mid-2013 nevertheless progressed successfully and according to plan. The five additional corporate banking branches in Dortmund, Hanover, Cologne, Mannheim and Nuremberg were put into operation and were able to gain further business volume and market share. The lending business in particular improved significantly, bucking the general market trend. The growth initiative is aimed at expanding the client base in the corporate banking business (internationally oriented MMEs with an annual turnover of over EUR 35m and large multinational corporate clients), developing a more comprehensive product offering, stronger global cooperation with the HSBC Group and an adjusted appetite for risk in order to become the leading international bank in Germany.
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HSBC TRINKAUS & BURKHARDT AG 2014 Dividend
The Supervisory Board and the Management Board of HSBC Trinkaus & Burkhardt AG decided today, subject to the final preparation and confirmation of the 2014 financial statements, to propose to the Annual General Meeting on 2 June 2015 the payment of a dividend of EUR 2.50 (previous year EUR 2.50) per share from net profit for the 2014 financial year. The new shares from the capital increase at the beginning of October 2014 are only entitled to dividend payments from the 2015 financial year.
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HSBC TRINKAUS & BURKHARDT AG: GROWTH INITIATIVE ON SCHEDULE - GOOD RESULT AFTER THREE QUARTERS
The implementation of the growth initiative launched by HSBC Trinkaus & Burkhardt AG ('the Bank') in mid-2013 is proceeding according to plan; the credit portfolio with internationally operating MMEs has been expanded further. As expected, up-front expenses were correspondingly higher as the Bank continued to invest in its workforce, product offering and IT infrastructure.
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Interim Report September 2014
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HSBC TRINKAUS & BURKHARDT AG PROPOSED 1 FOR 4.7 RIGHTS ISSUE OF 5,980,360 NEW ORDINARY SHARES AT EUR63.75 EACH
The Management Board of HSBC Trinkaus & Burkhardt AG ('HSBC Trinkaus' or the 'bank') has today resolved to increase the capital of the bank by EUR 381m by means of a rights issue on the basis of one new ordinary share (the 'new shares') for every 4.7 ordinary shares held (the 'offer').
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HSBC TRINKAUS & BURKHARDT AG 2014 INTERIM RESULTS
The growth initiative launched a year ago is already starting to show results: client lending volumes and product offering were expanded as planned. As expected, expenses were higher as the bank continued to invest in its workforce, IT infrastructure and service divisions to expand its business activities. The growth initiative aims to position the bank far more strongly in Corporate Banking business as the â€˜Leading International Bank' in Germany for internationally operating middle market enterprises (Mittelstand) and international corporations.
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Interim Report June 2014
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GROWTH INITIATIVE UNDER WAY: HSBC TRINKAUS REPORTS A GOOD RESULT FOR THE FIRST QUARTER
Following a difficult year in 2013, the eurozone economy is starting to recover, with Germany likely to take a leading role as far as growth in the eurozone is concerned. The impact of the expected eurozone recovery will be tempered by the uncertain general economic situation in the emerging markets and the impact of ever increasing regulatory requirements.
Against this backdrop, HSBC Trinkaus' pre-tax profit of Euro 57.0m was slightly lower when compared to the prior-year figure (Euro 58.8m), primarily reflecting the impact of the decision, made in 2013, to withdraw from Luxembourg.
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Interim Report Q1 2014
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HSBC TRINKAUS & BURKHARDT AG
2013 PRELIMINARY RESULTS
Against the background of a generally difficult economic trend and regulatory framework, 2013 was a challenging year for HSBC Trinkaus and, as a result of the launch of the bank's revised strategic growth initiative, was also an eventful one. The foundations for positioning the bank as the 'Leading International Bank' in Germany were laid with the launch of its growth initiative in July 2013. This initiative seeks to expand the corporate banking client base (internationally oriented 'Mittel-stand' with annual turnover over €35m and large multinational corporate clients), strengthen the bank's position in the German capital markets, broaden the product range, while further expanding the global cooperation with the rest of the HSBC Group.
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HSBC TRINKAUS & BURKHARDT AG 2013 INTERIM RESULTS
In a continuing difficult market environment, HSBC Trinkaus & Burkhardt AG (HSBC Trinkaus or the "bank") recorded a solid performance in the first six months of 2013. At €88.5m, net profit was 9.1% higher than for the comparable period in 2012 (€81.1m1). Pre-tax profit increased by €10.8m to €131.9m compared with €121.1m1 in the first half of 2012. The bank benefited particularly from higher net fee income and lower administrative expenses.
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HSBC Trinkaus & Burkhardt to sell its private banking activities in Luxembourg to VP Bank
HSBC Trinkaus & Burkhardt (International) SA and HSBC Trinkaus Investment Managers SA, wholly owned Luxembourg subsidiaries of HSBC Trinkaus & Burkhardt AG, have entered into an agreement to sell their private banking activities and private banking-related fund business respectively (together â€˜the Businesses'), to VP Bank (Luxembourg) SA and VPB Finance SA, (together â€˜VP Bank'), which are members of the VP Bank Group. The parent company of the VP Bank Group is Verwaltungs- und Privat-Bank Aktiengesellschaft which is based in Liechtenstein.
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