March 02, 2015 10:32 AM ET

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Company Overview of HSBC Bank Malaysia Berhad

Company Overview

HSBC Bank Malaysia Berhad, together with its subsidiaries, provides banking and related financial services in Malaysia. The company’ personal banking products and services include savings and current accounts, time deposits, and foreign currency accounts; personal financing and overdrafts; home loans, and home and business financing products; debit and credit cards; Internet and mobile banking, and tele banking and express banking services; treasure and assured income plans, health and legacy insurance plans, education and retirement plans, household content shield products, travel and car insurance, and mortgage protection insurance, as well as insurance products for various stages of life;...

North Tower

No 2 Leboh Ampang

Kuala Lumpur,  50100

Malaysia

Founded in 1984

Phone:

60 3 2075 3000

Fax:

60 3 2070 1146

Key Executives for HSBC Bank Malaysia Berhad

Deputy Chairman, Chief Executive Officer and Member of Nominating Committee
Age: 52
Chief Financial Officer and Non-Independent Executive Director
Managing Director of Commercial Banking
Regional Head of TSC - Asia-Pacific
Head of Trade and Supply Chain - Indonesia
Compensation as of Fiscal Year 2014.

HSBC Bank Malaysia Berhad Key Developments

Hsbc Bank Malaysia Berhad Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2014

HSBC Bank Malaysia Berhad reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2014. For the quarter, on consolidated basis, the company's revenue was MYR 1,000,278,000 compared with MYR 1,024,215,000 a year ago. Net interest income was MYR 366,463,000 compared with MYR 340,853,000 a year ago. Net operating income was MYR 701,556,000 compared with MYR 652,259,000 a year ago. Profit before income tax expense was MYR 395,043,000 compared with MYR 381,226,000 a year ago. The higher profit was due to lower loan impairment charges, partly offset by a decrease in operating income and higher operating expenses. Profit for the period was MYR 294,767,000 or 128.7 sen per basic earnings per MYR 0.50 ordinary share compared with MYR 282,173,000 or 128.7 sen per basic earnings per MYR 0.50 ordinary share a year ago. For the quarter, on parent basis, the company's revenue was MYR 853,348,000 compared with MYR 885,989,000 a year ago. Net interest income was MYR 373,846,000 compared with MYR 350,356,000 a year ago. Net operating income was MYR 628,194,000 compared with MYR 596,713,000 a year ago. Profit before income tax expense was MYR 345,268,000 compared with MYR 345,455,000 a year ago. Profit for the period was MYR 256,771,000 or 112.2 sen per basic earnings per MYR 0.50 ordinary share compared with MYR 257,028 or 112.2 sen per basic earnings per MYR 0.50 ordinary share a year ago.

HSBC Bank Malaysia Berhad Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2013

HSBC Bank Malaysia Berhad reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, on consolidated basis, the company's revenue was MYR 1.0 billion compared with MYR 1.1 billion a year ago. The decline in revenue was mainly due to the slowdown in the economy in the first quarter stemming from uncertainties leading up to the Malaysian General Elections, whilst the increase in loan and financing impairment charges was mainly on higher collective impairment provisions. Net interest income was MYR 0.34 billion compared with MYR 0.33 billion a year ago. Net operating income was MYR 0.65 billion compared with MYR 0.73 billion a year ago. Profit before income tax expense was MYR 0.38 billion compared with MYR 0.44 billion a year ago. The decline was mainly due to an increase in loan and financing impairment charges of MYR 43 million or 106.4% and a decrease in operating income of MYR 31 million or 4.1%. Profit for the period was MYR 0.28 billion or 124.0 sen per basic earnings per MYR 0.50 ordinary share compared with MYR 0.33 billion or 142.4 sen per basic earnings per MYR 0.50 ordinary share a year ago. For the quarter, on parent basis, the company's revenue was MYR 0.89 billion compared with MYR 0.92 billion a year ago. Net interest income was MYR 0.35 billion compared with MYR 0.35 billion a year ago. Net operating income was MYR 0.6 billion compared with MYR 0.67 billion a year ago. Profit before income tax expense was MYR 0.35 billion compared with MYR 0.4 billion a year ago. Profit for the period was MYR 0.26 billion or 112.2 sen per basic earnings per MYR 0.50 ordinary share compared with MYR 0.3 billion or 130.2 sen per basic earnings per MYR 0.50 ordinary share a year ago.

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