HSBC Bank Malta performance 'satisfactory'

The performance of HSBC Bank Malta to date this year was satisfactory, the 700 shareholders attending the annual general meeting were told.

The meeting approved the audited accounts for the year ended December 31, 2006. It also approved a final gross dividend of 10.6c per share and reappointed KPMG as auditors. The annual general meeting started with the screening of a corporate video on HSBC Bank Malta's business developments and corporate responsibility activities over the past year.

The chief financial officer then made a presentation on the record financial performance of the bank last year and informed shareholders that performance to date this year was also satisfactory.

Victor Scicluna, Peter Paul Testaferrata Moroni Viani and Sonny Portelli were re-elected to the board of directors.

The directors appointed by the majority shareholder, HSBC Bank plc, were Albert Mizzi, chairman, Shaun Wallis, chief executive officer, Sally Robson, chief operating officer, Philip Farrugia Randon, Charles Farrugia and David Budd.