HSBC Trinkaus & Burkhardt 200

RNS Number : 9511G

HSBC Holdings PLC

10 February 2010

 



The following text is the English version of a news release issued in Germany by HSBC Trinkaus & Burkhardt, a 78.6 per cent indirectly owned subsidiary of HSBC Holdings plc.

10 February 2010

HSBC TRINKAUS & BURKHARDT AG 2009 DIVIDEND

The Supervisory and Management Boards of HSBC Trinkaus & Burkhardt AG propose the payment of a dividend of €2.50 per share (2008: €2.50) for the 2009 financial year. Shareholders will be invited to approve the dividend at the Annual General Meeting on 8 June 2010.

The preliminary result largely confirms the outlook based on third quarter 2009 results: the bank maintained operating profit at 2008 levels while there was a significant increase in net profit for the year. The core capital ratio stands at over 10 per cent, far exceeding banking supervisory requirements. The long-term "AA" issuer rating given by Fitch was recently confirmed; HSBC Trinkaus therefore still has the best rating among the German private banks.

The results for the 2009 financial year are scheduled to be published on 15 April 2010.

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

Notes to editors:

1. HSBC Trinkaus

HSBC Trinkaus is one of Germany's leading private banks and part of the HSBC Group. With 2,245 employees, HSBC Trinkaus can be found in six 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 €21.1 billion and €88.7 billion in funds under management and administration (figures at 30 June 2009), the bank has had a AA Fitch Rating since December 2007 which was again confirmed in December 2009. The bank's central target groups are wealthy private clients, corporate clients and institutional clients.

Press releases can be found on the www.hsbctrinkaus.de homepage under the heading 'Press'.

2. HSBC Holdings plc

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,500 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,422 billion at 30 June 2009, HSBC is one of the world's largest banking and financial services organisations.

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