HSBC Trinkaus 2013 Dividend

RNS Number : 3614Z

HSBC Holdings PLC

05 February 2014

 



The following text is the English version of a news release issued in Germany by HSBC Trinkaus & Burkhardt AG, an 80.6% indirectly owned subsidiary of HSBC Holdings plc.

HSBC TRINKAUS & BURKHARDT AG 2013 DIVIDEND

The Supervisory and Management Boards of HSBC Trinkaus & Burkhardt AG (HSBC Trinkaus) today announced, subject to final confirmation of the 2013 financial results, they intend to propose to the Annual General Meeting on 3 June 2014 the payment of a dividend of €2.50 per share (unchanged from the previous year) from the net profit for the 2013 financial year.

Preliminary results for 2013 were slightly ahead of expectations, and higher than those reported for the prior year. HSBC Trinkaus' core capital ratio is 11.7%. The bank has sufficient capital to meet the higher capital requirements under Basel III, which came into effect from 1 January 2014, and to support plans for further business expansion which will be focused primarily on the corporate client sector. HSBC Trinkaus, rated 'AA- (Stable)' by Fitch Ratings, is the HSBC Group's principal subsidiary in Germany.

HSBC Trinkaus' 2013 preliminary results are scheduled to be published on 26 February 2014.

Media enquiries to Steffen Pörner on [phone] or at [e-mail]

Note to editors:

Trinkaus & Burkhardt AG

HSBC Trinkaus is a commercial bank which draws on its more than 228-year-old tradition as a trusted advisor to its clients. It is one of Germany's leading banks and a member of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC Trinkaus' particular strength lies in its detailed knowledge of the international markets, mainly the emerging markets, and in its global network which helps its clients grasp international opportunities. With more than 2,500 employees, HSBC Trinkaus can be found in seven locations in Germany, in addition to the head office in Düsseldorf, and has access to the global network of the HSBC Group. With total assets of €22.9bn and €142.2bn in funds under management and administration, HSBC Trinkaus is the HSBC Group's principal subsidiary in Germany and is rated 'AA- (stable)' by Fitch Ratings. The bank's central target groups are corporate clients, institutional clients and wealthy private clients. (Figures as at 30 September 2013.)

HSBC Trinkaus' press releases can be found on the www.hsbctrinkaus.de homepage under 'Press'.

 

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