HSBC Bank Malta has reported pre-tax profit of €47 million for the year ended December 31, 2015, a decrease of €5 million, or 10 per cent, compared to the previous year.

The bank announced an increase in the dividend pay-out ratio from 55 to 65 per cent. Its report said adjusted profit before tax, excluding the effect of the non-recurring item, was €61.5 million, or 18 per cent above 2014.

The total capital ratio was 14.2 per cent at December 31, 2015, compared with 13 per cent at December 31, 2014.

Its cost-efficiency ratio adjusted for the non-recurring early voluntary retirement provision was 59 per cent, compared to 57 in 2014.

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