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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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Five financial institutions draw up common principles for management remuneration
Financial institutions that are successful on an enduring basis form an essential part of the economic and social fabric of stable societies. They perform centralized service functions for citizens, the economy and the state.
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HSBC TRINKAUS & BURKHARDT AG WITHDRAWAL FROM LUXEMBOURG
HSBC Trinkaus & Burkhardt AG ('HSBC Trinkaus') announces that following a strategic review of its operations it has decided to withdraw from its businesses in Luxembourg and to explore options as to how best to achieve this.
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HSBC Trinkaus & Burkhardt AG HSBC Trinkaus First Quarter 2013 Results
Against the backdrop of ongoing revenue growth pressure due to the ECB's low interest rate policy, HSBC Trinkaus & Burkhardt AG produced a solid performance in the first quarter of 2013. At €58.8m pre-tax profit was 3.1% lower than for the comparable period of 2012 (€60.7m).
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HSBC Trinkaus Interim Report as at 31 March 2013
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HSBC Trinkaus 2012 Preliminary Results
In a difficult market environment, HSBC Trinkaus & Burkhardt AG recorded its highest pre-tax profit in the bank's 228-year history.
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HSBC Trinkaus & Burkhardt AG 2012 Dividend
The Supervisory and Management Boards of HSBC Trinkaus & Burkhardt AG propose the payment of a dividend of €2.50 per share for the 2012 financial year (2011: €2.50). Shareholders will be invited to approve the dividend at the Annual General Meeting on 4 June 2013.
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HSBC Trinkaus Third Quarter 2012 Results
In a difficult market environment HSBC Trinkaus recorded a strong performance in the first nine months of 2012. Operating profit of €178.9m was 10.4% higher than for the comparable period of 2011 (€162.1m).
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HSBC Trinkaus Interim Report Q3 2012
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