Simon Vaughan Johnson

In its latest Interim Directors’ statement, HSBC Bank Malta reported achieving a ‘good’ third-quarter performance after registering a profit before tax of €25.2 million during the nine-month period which ended 30th September 2021.

This represents an increase of €13 million over the same period last year.

Adjusted profits, i.e. reported profits excluding significant items, amounted to €28.6 million compared to €12.2 million reported in the same period last year. HSBC Bank Malta’s year-to-date revenues were also €5.8 million higher than those reported in Q3 2020.

“Whilst we reported a good performance during the nine-month period ended 30th September 2021, delivering strong growth in profitability, we retain a cautious outlook on the external risk environment,” HSBC Bank Malta CEO Simon Vaughan Johnson said.

“We remain determined to pursue our safe growth strategy and to continue supporting our customers and the community that we serve as we emerge from the pandemic,” Mr Vaughan Johnson continued.

The bank attributed this quarter’s increase in revenue to higher insurance income, partially offset by a decrease in interest income.

“Sustainability is a key element of [our safe growth strategy] and we are fully committed both to providing our customers in Malta with sustainable investment choices and to facilitating the transition to net zero,” the HSBC Bank Malta CEO concluded.

Related

Nadia Pace / LinkedIn

‘Liberating and daunting’: Nadia Pace reflects on 8 years of entrepreneurship

6 December 2024
by Nicole Zammit

Her candid post offers a glimpse into the triumphs and challenges of leaving the security of a full-time role to ...

BOV lands two major wins at the Malta Business Awards

6 December 2024
by MaltaCEOs

BOV was recognised with a Gold Award for Environmental Innovation and a Silver Award for Social Impact.

‘Targeted attack’ on UnitedHealthcare CEO raises alarming concerns over executive safety

6 December 2024
by Nicole Zammit

The shooting is serving as a wake-up call for executive security.

Marketing is all about standing out, isn’t it?

6 December 2024
by Helena Grech

Meet Wesley Butstraen – the man and entrepreneur whose arm doubled as a conversation starter and a piece of innovative ...