Tag: hsbc malta

HSBC Malta has won the Public Awareness category at the Greening The Islands Awards, held in Palermo, Sicily, in recognition of the HSBC Water Programme and the Malta CSR Institute – Together for Sustainability. The awards focus on best practices in accelerating the sustainability and self-sufficiency of islands and remote locations.

HSBC Malta had gone through “strategic considerations” prior to deciding to close down seven of its branches in Malta, and merge the Balzan and Qormi ones into one “flagship” branch in Qormi. Business Malta sat down for a one-on-one session with HSBC Malta CEO Andrew Beane after the announcement, who insisted that role reductions will happen on a voluntary basis.

HSBC Malta is closing seven branches by the end of 2019 in Birżebbuġa, Cospicua, Fgura, Ħamrun, Marsascala, St Julian’s and St Paul’s Bay. HSBC Malta added that branches in Valletta, Mosta, Paola, Sliema and Victoria (Gozo) will provide more services, and the bank will open a “flagship branch” in Qormi.

HSBC Malta Foundation, in collaboration with the Malta Business Bureau, has launched the Invest+ project that aims to elevate financial literacy levels in Malta by offering mentorship and workshops. The project was officially launched today in Valletta.

HSBC Malta’s pretax profit increased by 30% (€4.8m) to €20.9m in the first half of the year ending 30 June, as compared to the same period a year earlier. The results of 2019 benefited from the non-reoccurrence of a significant expected credit loss taken in 2018.

Joyce Grech was appointed Head of Commercial Banking at HSBC Malta, and Gerard Walsh as the bank’s new Chief Risk Officer, subject to regulatory approval. Ms Grech is succeeding Michel Cordina, who was recently named the Executive Director and Head of Business Development.

HSBC Malta launched its enhanced personal internet banking service, through which platform HSBC expects to offer more security, fresher look and feel, and more simplified account management for its clients, according to a press statement sent to Business Malta. The upgrade happens in phases to help clients familiarise with the new functions.