HSBC Trinkaus & Burkhardt AG

RNS Number : 3933N

HSBC Holdings PLC

16 February 2009

 



The following text is the English translation of a news release issued in Germany by a 78.6 per cent indirectly owned subsidiary of HSBC Holdings plc

16 February 2009

HSBC Trinkaus & Burkhardt AG

2008 Dividend

The Supervisory Board and Management Board of HSBC Trinkaus & Burkhardt AG decided today to propose to the Annual General Meeting on 9 June 2009 the payment of a dividend from the operating profit for the 2008 financial year of EUR 2.50 per share (EUR 2.50 in 2007). 

The preliminary result confirms the forecast given in 3Q 2008: operating profit excluding write-downs almost on the 2007 level, net profit for the year clearly positive despite the burden of write-downs on securities. The core capital ratio after allocation to reserves stands at over 8 per cent. The rating agency Fitch recently confirmed its long-term "AA" issuer rating, again making HSBC Trinkaus the best rated German private bank.

HSBC Trinkaus & Burkhardt full year results for 2008 are scheduled to be released on 2 April 2009.

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

Note to Editors:

The HSBC Group 

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from more than 9,500 offices in 85 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,547 billion at 30 June 2008, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.

 

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