August 27, 2016 2:26 AM ET

Banks

Company Overview of HSBC Bank Canada

Company Overview

HSBC Bank Canada provides various financial products and services to individuals, small and medium-sized enterprises, and multinational companies in Canada. The company’s Commercial Banking segment offers various financing products, including overdrafts, corporate cards, and term loans, as well as syndicated, leveraged, acquisition, and project finance; letters of credit, collections, and guarantees; receivables finance; supply chain solutions; commodity and structured finance, and risk distribution solutions; payment, account, e-commerce, and liquidity management services; and foreign exchange, capital markets, advisory, payroll and personal accounts, and wealth management and transition se...

885 West Georgia Street

Vancouver, BC V6C 3E9

Canada

Founded in 1981

Phone:

604-685-1000

Fax:

604-641-3098

Key Executives for HSBC Bank Canada

Chief Executive Officer, President and Director
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of HSBC Canadian Direct Insurance Incorporated and President of HSBC Canadian Direct Insurance Incorporated
Chief Executive Officer of HSBC Global Asset Management
Compensation as of Fiscal Year 2016.

HSBC Bank Canada Key Developments

HSBC Bank Canada Announces Unaudited Consolidated Earnings Results for the Quarter and Half Year Ended June 30, 2016

HSBC Bank Canada announced unaudited consolidated earnings results for the quarter and half year ended June 30, 2016. For the quarter the company announced total operating income of CAD 525 million compared to CAD 541 million a year ago. Profit before income tax expense was CAD 168 million compared to CAD 227 million a year ago. Profit attributable to the common shareholder was CAD 111 million compared to CAD 161 million a year ago. Basic earnings per share was CAD 0.22 compared to CAD 0.32 a year ago. Return on average common shareholders' equity was 9.8% compared to 14% a year ago. Post-tax return on average total assets was 0.48% compared to 0.71% a year ago. Net interest income was CAD 280 million compared to CAD 289 million a year ago. Net fee income was CAD 171 million compared to CAD 181 million a year ago. Net trading income was CAD 49 million compared to CAD 41 million a year ago. Net operating income was CAD 471 million compared to CAD 518 million a year ago. Operating profit was CAD 170 million compared to CAD 227 million a year ago. Profit for the period was CAD 121 million compared to CAD 168 million a year ago. Profit attributable to the shareholder was CAD 121 million compared to CAD 166 million a year ago. For the six months, the company announced total operating income of CAD 1,069 million compared to CAD 1,071 million a year ago. Profit before income tax expense was CAD 326 million compared to CAD 458 million a year ago. Profit attributable to the common shareholder was CAD 217 million compared to CAD 324 million a year ago. Basic earnings per share was CAD 0.43 compared to CAD 0.65 a year ago. Return on average common shareholders' equity was 9.6% compared to 14.3% a year ago. Post-tax return on average total assets was 0.47% compared to 0.72% a year ago. Net interest income was CAD 561 million compared to CAD 576 million a year ago. Net fee income was CAD 332 million compared to CAD 353 million a year ago. Net trading income was CAD 116 million compared to CAD 56 million a year ago. Net operating income was CAD 930 million compared to CAD 1,032 million a year ago. Operating profit was CAD 328 million compared to CAD 455 million a year ago. Profit for the period was CAD 236 million compared to CAD 338 million a year ago. Profit attributable to the shareholder was CAD 236 million compared to CAD 333 million a year ago. Cash flows used in operating activities was CAD 799 million compared to cash flows generated from operating activities of CAD 837 million a year ago.

HSBC Bank Canada Declares Dividends on Common and C, D and G Series of Class 1 Preferred Shares, Payable on September 30, 2016

HSBC Bank Canada announced that common share dividends of $48 million will be paid on or before 30 September 2016 to the holder of record on 04 August 2016 and regular quarterly dividends have been declared on all series of HSBC Bank Canada Class 1 Preferred Shares in the amounts of $0.31875, $0.3125 and $0.25 for Series C, Series D and Series G respective and will be paid on 30 September 2016 for shareholders of record on 15 September 2016.

HSBC Bank Canada(TSX:HSB.PRC) dropped from S&P/TSX Preferred Share Index

HSBC Bank Canada(TSX:HSB.PRC) dropped from S&P/TSX Preferred Share Index

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