HSBC Bank Malta CEO on CrediaBank takeover: ‘Committed to a smooth and orderly process’

HSBC Bank Malta has started 2026 “from a position of strength and momentum,” according to Chief Executive Officer Geoffrey Fichte, who said the bank and CrediaBank are committed to ensuring a “smooth and orderly changeover,” subject to regulatory approval of the proposed transaction.

In comments accompanying the bank’s latest financial report, Mr Fichte placed the emphasis on continuity and stability as the bank navigates the proposed takeover process, stressing that HSBC Malta remains focused on delivering long-term value for customers, employees and shareholders. He noted that the bank’s strong balance sheet, engaged workforce and profitable operations provide a solid foundation during this transitional period.

Against this backdrop, HSBC Bank Malta also reported robust financial results for 2025, marking its third consecutive year of pre-tax profits exceeding €100 million, a first in the bank’s history locally.

In 2025, the local group recorded a profit before tax of €109 million, representing a 29 per cent decrease over the previous year. The bank attributed the decline primarily to lower interest rates and reduced releases of expected credit losses, although performance remained strong by historical standards.

Mr Fichte said the results underscore the resilience of the bank’s diversified business model and disciplined execution, adding that customer trust continues to play a central role in sustaining performance.

HSBC Malta continued to grow its customer base and market presence during the year, with customer deposits increasing by €370 million to reach a record €6.5 billion as at 31st December 2025. Deposit market share also rose by more than one percentage point.

The bank’s wealth management and investment segment recorded notable growth, with client wealth management and investment balances rising by 28 per cent to €1.1 billion. Life insurance sales also increased by 21 per cent, reflecting stronger demand for investment and protection products.

Mr Fichte highlighted that the bank has continued expanding its offering beyond traditional banking, with insurance and investment products reaching record levels.

Retail lending activity remained active, with new retail lending increasing by 10 per cent in 2025. The bank has already launched its 2026 Start of the Year campaign, offering incentives such as discounted interest rates on personal loans and mortgages, cash-back on insurance policies and waived initial fees on mutual fund investments.

During the year, HSBC Malta continued investing in digital and operational upgrades, including the implementation of SEPA Instant payments, IT infrastructure enhancements, and the completion of a full ATM fleet replacement across Malta and Gozo.

These efforts contributed to HSBC Bank Malta being named Bank of the Year Malta 2025 by The Banker, the Financial Times’ publication focused on global banking and financial affairs. The recognition highlighted progress across key metrics including earnings growth, capital strength, operational efficiency and digital transformation.

The board has proposed a gross dividend distribution of €30.3 million, supported by the bank’s capital position and liquidity levels.

Looking ahead, Mr Fichte reiterated that the bank remains committed to maintaining high service standards and ensuring stability throughout the proposed transition process, while continuing to invest in its long-term strategic priorities.

“I would like to thank our customers for their business, trust and confidence, and I would like to recognise my colleagues for their contribution to the company’s success,” he said.