Issue 5 - April 2013

l-azzjonist
HSBC SHAREHOLDERS PUBLICATION – APRIL 2013
Riżultati Annwali 2012
Annual results 2012
Malta Trade for growth
Tbassir Kummerċjali
mill-HSBC
HSBC Trade Forecast report
Il-Kap Eżekuttiv ta’ HSBC Europe
fuq il-Bord ta’ Malta
HSBC Europe CEO joins Malta Board
L-HSBC Malta jħabbar riżultati
pożittivi għas-sena 2012
HSBC Malta announces
positive results for 2012
Messaġġ minn
Franco Aloisio
Kap tal-Komunikazzjoni
kontenut
Message from Franco Aloisio
Head of Communications
Nilqagħkom għall-ewwel ħarġa ta’
l-azzjonist għall-2013, li qed toħroġ
ftit ġimgħat wara t-tħabbir tarriżultati tagħna tas-sena li għaddiet.
Issibu d-dettalji dwar ir-riżultati
pożittivi għas-sena 2012 fil-messaġġ
tas-CEO fil-paġna li jmiss u rapport
dettaljat f’paġni 4 u 5.
F’din il-ħarġa nsibu artiklu
dwar żewġ avvenimenti importanti
li seħħew dan l-aħħar ġimgħat
– wieħed assoċjat mal-akkwist
tal-investiment fl-assikurazzjoni
tal-HSBC Life (Malta) mill-HSBC
Life (Europe) u l-ieħor dwar il-ħatra
tad-Direttur tal-HSBC Malta, Brian
Robertson, li hu s-CEO tal-HSBC
Bank plc u Group Managing Director
tal-HSBC Holdings plc.
Dettalji dwar l-aħħar
arranġamenti fil-fergħa ta’
Ħaż-Żabbar insibuhom fl-aħħar
paġna, waqt li f’paġni 8 u 9 nsibu
l-aħħar previżjonijiet fuq il-kummerċ
tal-Grupp HSBC.
Insibu wkoll informazzjoni dwar
il-Laqgħa Ġenerali Annwali li ser issir
dalwaqt. L-azzjonist jipprovdi wkoll
deskrizzjoni qasira fuq “Malta Trade
for Growth”, inizjattiva tagħna biex
inħeġġu lill-kumpaniji lokali jinvestu
barra minn Malta bl-għajnuna
tal-HSBC.
Nixtieq nirringrazzja
lill-azzjonisti kollha li kitbulna
biex jagħtu l-ideat tagħhom dwar
il-ħarġiet ta’ qabel u ninsabu
ħerqana biex niltaqgħu magħkom
għal-Laqgħa Ġenerali Annwali f’ April.
Nieħdu gost nirċievu l-ideat u
s-suġġerimenti tagħkom, għalhekk
nistidnukom tagħmlu kuntatt
magħna bil-mezzi li d-dettalji
tagħhom jidhru hawn taħt.
contents
I welcome you to the first issue of
l-azzjonist for 2013, which is being
published a few weeks following
the announcement of our financial
results for last year. Details on the
strong performance in 2012 can be
found in the CEO’s message in the
next page as well as the detailed
report on pages 4 and 5.
Riżultati annwali pożittivi
Positive annual results
This issue features details of
two important developments that
took place in the last few weeks –
one relates to the acquisition made
by HSBC Life Assurance (Malta)
of the insurance portfolio of HSBC
Life (Europe), and the other on
the appointment as HSBC Malta
Director of Brian Robertson, who
is CEO of HSBC Bank plc and a
Group Managing Director of HSBC
Holdings plc.
Information on the upcoming
Annual General Meeting can also
be found in this issue. We also
provide you an overview of “Malta
Trade for Growth”, our initiative
to encourage local companies to
go international with the help of
HSBC.
I would like to thank those
shareholders who have written to
give their feedback on the previous
issues and we look forward to
meeting you during our Annual
General Meeting in April.
We always welcome your
suggestions and ideas. So please
feel free to contact us using the
contact details below.
6
Jitnieda l-”Malta Trade for Growth”
“Malta Trade for Growth” launched
7
8
Laqgħa Ġenerali Annwali
Annual General Meeting
10
L-HSBC Malta tikkonċentra
fuq is-sostenibilità korporattiva
HSBC Malta’s focus on corporate
sustainability
12
Lejn servizz għall-klijent
iktar inklussiv
Towards a more inclusive
customer service
13
HSBC Malta Foundation
Aħbarijiet
News
Best regards
Tislijiet
Trasferiment ta’ Portafoll mingħand
l-HSBC Life (Europe) għal għand
l-HSBC Life Assurance (Malta)
HSBC Life Assurance (Malta) to
acquire the insurance portfolio of
HSBC Life (Europe)
Tbassir kummerċjali
mill-grupp HSBC
HSBC’s group trade forecast
Details on the latest branch
refurbishment in Żabbar can be
found on the back page, whilst on
pages 8 and 9 you can read about
HSBC Group’s latest trade forecast.
4
14
16
l-azzjonist ħarġa / issue 5
L-opinjonijiet espressi f’din il-pubblikazzjoni m’għandhomx jittieħdu bħala pariri
għall-investiment.
The opinions expressed in this publication should not be construed as
investment advice.
HSBC Bank Malta p.l.c. huwa liċenzjat mill-Awtorità għas-Servizzi Finanzjarji ta’
Malta biex jipprovdi servizzi ta’ investiment.
HSBC Bank Malta p.l.c. is licensed by the Malta Financial Services Authority to
conduct investment services business.
Pubblikat mill-HSBC Bank Malta p.l.c. Id-drittijiet kollha miżmuma.
Il-pubblikazzjoni sħiħa jew xi partijiet minnha ma tistax tiġi riprodotta mingħajr
il-permess bil-miktub mill-HSBC Bank Malta p.l.c. L-informazzjoni kollha hija
korretta sakemm morna għall-istampa.
Published by HSBC Bank Malta p.l.c. All rights reserved. The publication or
parts thereof may not be reproduced without prior permission in writing from
HSBC Bank Malta p.l.c. All information contained therein is correct as at time
of going to print.
Investors contact: HSBC Bank Malta p.l.c., 116 Archbishop Street, Valletta VLT1444. Email: companysecretarymalta@hsbc.com
© HSBC Bank Malta p.l.c. 2013 Designed and produced by BPC.
page 2
HSBC l-azzjonist
issue 5
MESSAĠĠ
MILL-KAP EŻEKUTTIV
CEO’S MESSAGE
Għeżież Azzjonisti,
Dear shareholders,
Qed nikteb din in-nota wara t-tħabbir tar-riżultati finanzjarji
għas-sena 2012. Il-Bank irreġistra riżultat pożittiv bi qligħ qabel
it-taxxa ta’ €95 miljun, jiġifieri żieda ta’ 8% jew €7 miljuni fuq
is-sena ta’ qabel. Dan ir-riżultat intlaħaq minkejja t-taqlib kollu li
kienet għaddejja minnu ż-żona ewro, ambjent b’rati baxxi
tal-imgħax, iktar kompetizzjoni u inqas domanda.
I write this note to you following the announcement of our results
for 2012. The Bank delivered a positive performance with reported
profit before tax of €95m increasing by 8% or €7m over prior year.
This performance was achieved in spite of the continued travails
of the eurozone, a low interest rate environment, heightened
competition and softer demand.
It-tliet oqsma ewlenin tan-negozju, Retail Banking and
Wealth Management (RBWM), Commercial Banking (CMB) u
Global Bankinbg and Markets (GBM) kienu kollha profittabbli
fis-sena 2012. Il-qagħda tal-kapital u tal-likwidità tal-Bank
baqgħet waħda b’saħħitha. Minkejja l-isfidi globali u reġjonali
kollha, l-HSBC Malta għandu strateġija ċara u se jkompli jassisti
lill-klijenti tiegħu u lil Malta, biex jidħlu fi swieq globali aktar
wiesgħa li għandhom tkabbir akbar, billi jkun hemm mudell ta’
kummerċ aktar faċli, titjieb l-esperjenza tal-klijenti u jwassal aktar
effiċjenza organizzattiva.
All the three main business lines, Retail Banking and Wealth
Management (RBWM), Commercial Banking (CMB) and Global
Banking and Markets (GBM), were profitable in 2012. The
bank’s capital and liquidity position remains strong. Despite
all the current global and regional challenges, our Bank has a
clear strategy in place of assisting our customers, and Malta, to
access broader global markets with faster growth, simplifying our
business, improving the customer experience and driving greater
organisational efficiency
Malta hi kontributur importati għall-Grupp HSBC. Dan hu
evidenti mill-investiment kontinwu fin-negozju tagħna u fil-fatt li
Brian Robertson, is-CEO tal-Grupp fir-Renju Unit u fl-Ewropa ser
ikun fuq il-bord tal-HSBC Bank Malta.
Malta remains an important contributor to the HSBC Group
and this is evidenced by the on-going investment in our business
and the fact that Brian Robertson, CEO of the Group’s business in
the UK and Europe, will now sit on the board of HSBC Bank Malta.
Ninsab sodisfatt bl-aħbar sabiħa li ħarġet dan l-aħħar dwar ittrasferiment ta’ portafoll ta’ €1.1 biljun mill-HSBC Life (Europe) Ltd.
Dan jagħmel lill-HSBC Life fuq quddiem nett tas-suq kummerċjali
f’Malta u manifattur fl-assikurazzjoni importanti fil-Grupp.
In addition to this I was delighted about the recent
announcement in relation to HSBC Life and the transfer of a €1.1
billion portfolio of business from HSBC Life (Europe) Ltd. This will
make HSBC Life the clear market leader in Malta and an important
insurance manufacturer in the group.
Il-Bank qiegħed f’pożizzjoni soda. Il-kapital u l-likwidità huma
f’pożizzjoni tajba biex isostnu l-ekonomija lokali waqt li dejjem
iħarsu għall-opportunitajiet internazzjonali li jistgħu jinqalgħu biex
ikollhom tkabbir sostenibbli għal tul taż-żmien.
The bank is in a strong position and is well capitalised, liquid
and optimally positioned to support the local economy whilst
exploiting international opportunities, with a clear view to delivering
long term sustainable growth.
Nixtieq nieħu l-opportunità biex nirringrazzja lilkom,
l-Azzjonisti, u żgur tingħaqdu miegħi biex nirringrazzja
liċ-Chairman, il-Bord tad-Diretturi, il-Management u l-istaff
għall-ħidma kontinwa tagħhom biex il-Bank ikollu futur sod.
I thank all of you as shareholders for your continued support,
and I am sure you will join me in thanking the Chairman, Board of
Directors, management and staff for their ongoing efforts to make
sure your bank has a bright and healthy future.
page 3
HSBC l-azzjonist
issue 5
L-HSBC Malta jirreġistra
riżultat pożittiv minkejja sfidi
globali u reġjonali
HSBC Malta delivers a positive performance
despite global and regional challenges
L-HSBC Bank Malta p.l.c. irreġistra riżultat pożittiv għas-sena li
ntemmet fil-31 ta’ Diċembru 2012. Il-qligħ qabel it-taxxa kien ta’ €95
miljun, jiġifieri żieda ta’ 8%, jew €7 miljuni fuq is-sena ta’ qabel.
HSBC Bank Malta p.l.c. delivered a positive performance for the
year ended 31 December 2012. Reported profit before tax of €95m
increased by 8% or €7m over prior year.
Il-fatturi ewlenin li wasslu għal dan it-titjib fil-qligħ qabel it-taxxa
kienu r-riżultati qawwija miksuba mill-kumpanija tal-assigurazzjoni fuq
il-ħajja li rriflettew irkupru f’ritorn fuq l-investimenti (investment returns)
u kisbiet fl-available-for-sale gains bħala riżultat tar-repositioning talbond portfolio. Dan kollu wassal biex jagħmel tajjeb għan-non-recurring
gains li saru fl-2011 fuq il-bejgħ tal-card acquiring business u l-irfinar
tal-metodoloġija li tintuża biex ikun ikkalkulat il-valur preżenti ta’ dawk
il-poloz ta’ assigurazzjoni eżistenti li huma għal perjodu twil.
The main factors driving the improvement in profit before
tax were a strong performance from the life insurance company
reflecting a recovery in investment returns and available-for-sale
gains as a result of the repositioning of the bond portfolio. This
performance has more than offset the non-recurring gains made in
2011 on the sale of the card acquiring business and the refinement
in the methodology used to calculate the present value of in-force
long-term insurance policies.
It-tliet oqsma ewlenin tan-negozju, Retail Banking & Wealth
Management (RBWM), Commercial Banking (CMB) u Global Banking
& Markets (GBM), kienu kollha profittabbli fis-sena 2012.
All the three main business lines, Retail Banking and Wealth
Management (RBWM), Commercial Banking (CMB) and Global
Banking and Markets (GBM), were profitable in 2012.
Meta kien qed iħabbar dawn ir-riżultati, Mark Watkinson,
id-Direttur u Kap Eżekuttiv tal-HSBC Bank Malta p.l.c., qal: “Għal
darb’oħra, irreġistrajna sett ta’ riżultati pożittivi, u rajna l-qligħ qabel
it-taxxa jiżdied bi 8%, b’ritorn fuq l-ekwità ta’ 15.4%. Dan kollu inkiseb
minkejja t-taqlib kollu li kienet għaddejja minnu ż-żona tal-ewro, ambjent
b’rati tal-imgħax baxxi, iktar kompetizzjoni u inqas domanda.”
Speaking during the announcement of the HSBC Malta results,
Mark Watkinson, Director and Chief Executive Officer of HSBC
Bank Malta, said: “HSBC Malta has delivered another positive set
of results that saw pre-tax profit increase by 8% with a return on
equity of 15.4%. This performance was achieved in spite of the
continued travails of the eurozone, a low interest rate environment,
heightened competition and softer demand.
“Il-qagħda tal-kapital u tal-likwidità tal-Bank baqgħet waħda
b’saħħitha.” Hu kompla: “Minkejja l-isfidi globali u reġjonali kollha,
l-HSBC Malta għandu strateġija ċara u se jkompli jassisti lill-klijenti
tiegħu, u lil Malta, biex jidħlu fi swieq globali aktar wiesgħa li għandhom
tkabbir akbar, billi jkun hemm mudell ta’ kummerċ aktar faċli, tittejjeb
l-esperjenza tal-klijenti u billi jwassal aktar effiċjenza organizzattiva.”
“Dwar il-prospetti għall-2013, din tidher li ser tkun sena oħra
diffiċli u, filwaqt li l-ekonomija Maltija wriet li kapaċi tfendi tajjeb ħafna
fi żmenijiet ta’ kriżi, wieħed dejjem għandu jibqa’ attent u ffukat. Irrid
nieħu din l-opportunità biex nirringrazzja lill-impjegati, lid-diretturi u
lill-azzjonisti tagħna għall-impenn, għall-ħidma diliġenti, u għall-appoġġ
tagħhom matul l-2012,” qal Watkinson.
Il-Bord qed jiddikjara dividend gross finali ta’ 7.9 ċenteżmi għal kull
sehem (5.1 ċenteżmi netti mit-taxxa). Dan jitħallas fis-27 ta’ April 2013 lillazzjonisti li jkunu fuq ir-reġistru tal-azzjonisti tal-Bank fid-19 ta’ Marzu 2013.
page 4
“The bank’s capital and liquidity position remains strong.
Despite all the current global and regional challenges, HSBC Malta
has a clear strategy in place of assisting our customers, and Malta,
to access broader global markets with faster growth, simplifying
our business, improving the customer experience and driving
greater organisational efficiency.
“Looking ahead, 2013 is likely to be another difficult year
and while the Maltese economy has proved to be very resilient in
times of crisis, we need to remain vigilant. I would like to take this
opportunity to thank our staff, directors and shareholders for their
commitment, hard work and support in 2012.”
The Board is declaring a final gross dividend of 7.9 cent per share
(5.1 cent net of tax). This will be paid on 27 April 2013 to shareholders
who are on the bank’s register of shareholders at 19 March 2013.
HSBC l-azzjonist
issue 5
Xi punti ewlenin
mir-riżultati miksuba
Some performance highlights
– Qligħ qabel it-taxxa ta’ €95 miljun għas-sena li ntemmet fil-31 ta’ Diċembru
2012 – żieda ta’ €7 miljuni, jew 8%, meta mqabbla mat-€88 miljun fl-2011.
– Profit before tax of €95m for the year ended 31 December 2012
– an increase of €7m, or 8%, compared with €88m in 2011.
– Qligħ attribwit lill-azzjonisti ammonta għal €62 miljun sal-31 ta’ Diċembru
2012 – żieda ta’ €4 miljuni, jew 7%, imqabbla mat-€58 miljun fl-2011. Dan
irriżulta fi dħul għal kull sehem ta’ 21.1 ċenteżmu, li jfisser 7% aktar fuq l-2011.
– Profit attributable to shareholders of €62m for the year ended
31 December 2012 – up €4m, or 7%, compared with €58m in
2011, resulting in earnings per share of 21.1 cent, up 7%.
– L-assi totali laħqu €5,886 miljun fil-31 ta’ Diċembru 2012, żieda ta’ €61
miljun, jew 1.0%, meta mqabbla mal-31 ta’ Diċembru 2011.
– Total assets of €5,886m at 31 December 2012, up €61m, or
1.0%, compared with 31 December 2011.
– Il-flus fil-kontijiet tal-klijenti ammontaw għall-€4,517-il miljun fil-31 ta’
Diċembru 2012, żieda ta’ €114-il miljun, jew 3%, meta mqabbla mal-31 ta’
Diċembru 2011.
– Customer accounts were €4,517m at 31 December 2012, an
increase of €114m, or 3%, compared with 31 December 2011.
– Ir-return on equity għas-sena li ntemmet fil-31 ta’ Diċembru 2012 kien ta’
15.4%, meta mqabbel mal-15.7% tal-2011.
– Il-cost efficiency ratio għas-sena li ntemmet fil-31 ta’ Diċembru 2012
tjiebet għal 48.7%, meta mqabbla mal-50.4% tal-2011.
– Return on equity for the year ended 31 December 2012 was
15.4%, compared with 15.7% in 2011.
– Cost efficiency ratio for the year ended 31 December 2012
improved to 48.7%, compared with 50.4% in 2011.
– Il-capital adequacy ratio kienet ta’ 12.4% fil-31 ta’ Diċembru 2012,
mqabbla mal-11.6% fit-31 ta’ Diċembru 2011. Il-Core tier 1 ratio ta’ 8.3%
fil-31 ta’ Diċembru 2012, li jitqabbel mas-7.4% fil-31 ta’ Diċembru 2011.
– Capital adequacy ratio of 12.4% at 31 December 2012,
compared with 11.6% at 31 December 2011. Core tier 1 ratio of
8.3% at 31 December 2012 compared with 7.4% as at
31 December 2011.
Kummenti fil-Media
Comments in the Media
“L-azzjonisti tal-HSBC Malta għandhom ikunu sodisfatti
bil-profitti qabel it-tnaqqis ta’ impairment allowances ta’ €101
miljun (+4.6%) li laħaq l-ogħla livell mir-rekord irreġistrat fl-2007
ta’ €114.7 miljun.
“HSBC Malta shareholders must be pleased to note that
operating profits before impairment allowances of just under €101
million (+4.6%) is the highest level since the previous record of
€114.7 million registered in 2007.
“Minkejja r-riskji naturali relatati ma’ setturi partikulari
vulnerabbli fl-ekonomija lokali, l-investituri għandhom iħarsu ’l
quddiem bil-kunfidenza għax il-banek Maltin kellhom suċċess
u ġġeneraw profitt qawwi fi żminijet iebsa (abbinata ma’
dividends attraenti) u qegħdin f’pożizzjoni tajba biex fil-futur
il-profitt jikber ladarba jogħlew ir-rati tal-imgħax li jirriflettu titjib
fl-ekonomija lokali u internazzjonali”.
“Despite the natural risks related to loan exposure to particular
vulnerable sectors of the local economy, investors should look
forward with confidence as the Maltese retail banks have been
successful in generating strong returns in recent challenging times
(coupled with attractive dividends) and are well-positioned to grow
profitability levels in the future once interest rates rise reflecting an
improvement in local and international economic conditions.”
– Edward Rizzo fl-artiklu bl-isem “HSBC dividend up 16%
for 2012 financial year”; The Times of Malta, 7 March 2013.
– Edward Rizzo in his article entitled “HSBC dividend up 16%
for 2012 financial year”; The Times of Malta, 7 March 2013.
Edward Rizzo huwa Direttur ta’ Rizzo, Farrugia & Co.
(Stockbrokers) Ltd.
Edward Rizzo is a Director at Rizzo, Farrugia & Co.
(Stockbrokers) Ltd.
“B’xogħol iebes u pjan serju, l-HSBC Malta għamel il-kontra
ta’ ħafna banek internazzjonali li bi sforz kbir u b’riżultat negattiv,
partikolarment fil-pajjiżi bi kriżi finanzjarja, irreġġistra profitti
ogħla ta’ €62 miljun għall-azzjonisti tagħha fl-2012, 7% meta
mqabbla mal-2011 b’€58 miljun.
“By sheer hard work and serious planning, HSBC in Malta has
reversed the thread of overseas banks struggling with shrinking
performances particularly those in bailout countries and instead
reported higher profits attributable to shareholders in 2012 of €62m
– up, 7%, compared with €58m in 2011.
“Minkejja li f’dawn iż-żminijiet id-domanda għas-self naqset,
il-gross totali ta’ self laħaq għal €507 miljun li frankament
jirrifletti s-sapport kontinwu tal-Bank fl-ekonomija Maltija.
“Despite a softening in loan demand in the challenging
economic conditions, gross new lending to customers amounted
to €507 million which quite frankly reflects the bank’s continued
support to the Maltese economy.
“Biex nikkonkludi, bi pjacir u sodisfazzjon, ix-xogħol
filantropiku mill-HSBC kompla għaddej biex ikompli jgħin
lill-intrapriżi lokali biex jibqgħu jikbru.”
– George Mangion fl-artiklu bl-isem “HSBC – Sowing the
seeds of Prosperity”; Malta Today, 6 March, 2013.
George Mangion huwa Partner ta’ PKF li hija Audit &
Business Advisory Firm.
page 5
“To conclude, on notes with pleasure and satisfaction the
philanthropic work carried out by HSBC in Malta and its efforts to
help local enterprise to grow up the slippery nursery slopes.”
– George Mangion in his article entitled “HSBC - Sowing the
seeds of prosperity”; Malta Today, 6 March 2013.
George Mangion is a Partner in PKF, an audit and business
advisory firm.
HSBC l-azzjonist
issue 5
Trasferiment ta’ Portafoll mingħand l-HSBC
Life (Europe) għal għand l-HSBC Life
Assurance (Malta)
HSBC Life Assurance (Malta) to acquire the
insurance portfolio of HSBC Life (Europe)
HSBC Bank Malta p.l.c. ħabbar li HSBC Life Assurance (Malta)
Limited, sussidjarja tal-Kumpanija, qablet li tagħmel ftehim ta’
Trasferiment ta’ Portafoll mal-HSBC Life (Europe) Limited (HLE)
għall-akkwist tal-portafoll tal-assigurazzjoni tal-HLE mingħajr ħlas
ta’ korrispettiv (nil consideration). Suġġetta għall-approvazzjonijiet
regolatorji, hu mistenni li t-transazzjoni titwettaq kompletament flaħħar tliet xhur tas-sena 2013.
HSBC Bank Malta p.l.c. announced that HSBC Life Assurance
(Malta) Limited, a wholly-owned subsidiary of the Company,
has agreed to enter into a Portfolio Transfer Agreement with
HSBC Life (Europe) Limited (HLE) for the acquisition of HLE’s
insurance policy book for nil consideration. The transaction is
expected to complete in the fourth quarter of 2013 subject to
regulatory approvals.
Domiċiljata fl-Irlanda, HLE hi kumpanija li twaqqfet fl-1994 u
bdiet topera fl-1996. Din hi regolata mill-Bank Ċentrali tal-Irlanda
bħala kumpanija tal-assigurazzjoni fuq il-ħajja awtorizzata biex
toħroġ poloz ta’ investiment unit linked u poloz ta’ protezzjoni fuq
il-ħajja (kummerċ fi Klassi I u Klassi III), liema kumpanija hi
sussidjarja tal-HSBC Holdings plc.
HLE is an Irish domiciled limited company, incorporated
in 1994, which commenced business in 1996. It is regulated
by the Central Bank of Ireland as a life insurance company
authorised to write unit linked and protection business (Class
I and Class III business) and is a wholly owned subsidiary of
HSBC Holdings plc.
Il-portafoll jikkonsisti prinċipalment f’poloz ta’ investiment li
huma unit linked mibjugħa fl-Unjoni Ewropea taħt il-proviżjonijiet
tal-hekk imsejjaħ Moviment Liberu tas-Servizzi. Dawn il-poloz
għandhom total ta’ fondi under management ta’ madwar €1.1
biljun. Il-portafoll jinkludi ammont ta’ poloz ta’ assigurazzjoni fuq
il-ħajja li kienu nbiegħu fil-passat. Il-portafoll tal-assigurazzjoni li
qed ikun trasferit ipproduċa Annual Management Charges (AMCs)
gross ta’ madwar €2.75 miljun fl-2012.
The portfolio consists mainly of unit linked investment
policies sold across the EU under the Freedom of Services
provisions. These policies have a total funds under management
of circa €1.1 billion. The portfolio also includes a closed book
of life protection business. The insurance portfolio being
transferred produced gross Annual Management Charges
(“AMCs”) of approximately €2.75 million in 2012.
It-transazzjoni tipprovdi lill-HSBC Life Assurance (Malta)
b’benefiċċji addizzjonali oħra filwaqt li tiżgura li l-klijenti eżistenti
tal-HLE se jkomplu jirċievu l-ogħla livelli ta’ servizz minn entità oħra
tal-HSBC. Il-proġett tat-trasferiment ser jitmexxa bl-akbar għaqal
mill-ogħla managements taż-żewġ kumpanniji tal-assigurazzjoni
ħalli b’hekk ikun żgurat trasferiment kif suppost bl-inqas impatt
possibbli fuq il-klijenti.
page 6
This transaction provides HSBC Life Assurance (Malta)
with additional benefits of scale while ensuring that existing
HLE clients continue receiving the highest levels of service
from another HSBC entity. The transfer project will be carefully
managed by senior management on each side to ensure an
orderly handover with minimal impact on the affected clients.
HSBC l-azzjonist
issue 5
HSBC Malta sar l-ewwel bank f’Malta li nieda inizjattiva stateġika
maħsuba speċifikament biex tgħin lill-kumpaniji lokali jkabbru
n-negozju internazzjonali tagħhom, b’mod partikolari fis-swieq
emerġenti. L-inizjattiva tal-HSBC ‘Malta Trade for Growth’ tinkludi
l-inizjattivi kollha relatati mat-titjib tal-konnettività internazzjonali. Hi
mmirata kemm għall-klijenti lokali b’aspirazzjonijiet globali, kif ukoll għal
dawk il-kumpaniji internazzjonali li jixtiequ jieħdu vantaġġ mill-pożizzjoni
strateġika ta’ Malta. HSBC ser joffri firxa wiesgħa ta’ inċentivi,
skontijiet u riżorsi biex jagħmilha eħfef u aktar ekonomikament vijabbli
għall-kumpaniji biex jagħmlu negozju internazzjonali.
HSBC Malta has become the first bank in Malta to launch a
strategic initiative specifically designed to help local companies
bolster their international trade, particularly with emerging
markets. HSBC’s ‘Malta Trade for Growth’ encompasses all
initiatives related to international connectivity and is aimed at
local customers with global aspirations as well as international
companies wishing to take advantage of Malta’s strategic
location. HSBC will be offering a wide range of incentives,
discounts and resources that will make it easier and more cost
effective for companies to do more business overseas.
HSBC Malta jniedi
l-inizjattiva ‘Malta
Trade for Growth’
HSBC Malta launches
‘Malta Trade for Growth’
Bl-isem ‘Malta Trade for Growth’, din l-inizjattiva tal-HSBC
tnediet lejn l-aħħar ta’ Marzu fil-Mużew Marittimu ta’ Malta millKap Eżekuttiv tal-Bank, Mark Watkinson u mill-Kap tal-Commercial
Banking Malta Michel Cordina, fil-preżenza tal-Ministru għallEkonomija, Investiment u Intrapriżi Żgħar, Dr Chris Cardona.
HSBC’s ‘Malta Trade for Growth’ was launched at the end
of March at the Malta Maritime Museum by the Bank’s CEO
Mark Watkinson and Michel Cordina, Head of Commercial
Banking, in the presence of Dr Chris Cardona, Minister for the
Economy, Investment and Small Business.
Wieħed mill-oġġettivi tal-HSBC hu li jiftaħ opportunitajiet ġodda
ta’ negozju għall-kumpaniji Maltin permezz tal-konnettività globali
tiegħu. HSBC Malta jista’ jipprovdi aċċess għal-lista estensiva ta’
soluzzjonijiet biex jassistu n-negozju internazzjonali. Dawn jinkludu
Structured Trade Finance, Internet Trade Services, Receivables
Finance, negozju dirett permezz tal-munita Renminbi, Soluzzjonijiet
fil-Pagamenti u l-Immaniġjar tal-Flus, u Kambju Barrani.
One of HSBC’s objectives is to open new trade corridors
for Maltese companies via its global connectivity. HSBC Malta
can provide access to an extensive list of solutions to assist
international trade, such as Structured Trade Finance, Internet
Trade Services, Receivables Finance, Renminbi direct trade
settlements, Payments and Cash Management Solutions, and
Foreign Exchange.
Permezz tal-‘Malta Trade for Growth’, HSBC qed joffri numru
ta’ inċentivi bħalma hi t- tneħħija tal-ħlas relatat mal-ewwel ittra
dokumentarja ta’ kreditu għal dawk il-klijenti li huma ġodda għatTrade Finance tal-HSBC Malta. Barra minn hekk, ser ikun provdut
skont ta’ 20 fil-mija għal dawk li jiftħu jew jieħdu parir dwar l-ittra
dokumentarja ta’ kreditu minn jew lejn swieq emerġenti.
Through ‘Malta Trade for Growth’, HSBC is offering
a number of incentives such as the waiving of the fee
related to the first documentary letter of credit for those
customers that are new to HSBC Malta’s Trade Finance. In
addition, a 20% discount will be provided on the opening
and advising fees on documentary letters of credit to or from
emerging markets. Other incentives relate to the waiving
of the administration fee for finance against trade export or
import facilities for trade with emerging markets, as well as
discounts on Receivables Finance and preferential rates on
Foreign Exchange, including currencies such as the Chinese
Renminbi.
Inizjattivi oħra jirrelataw mat-tneħħija tal-ħlas amministrattiv għallfinanzjament tal-kummerċ ta’ esportazzjoni jew importazzjoni tal-faċilitajiet
għan-negozju fis-swieq emerġenti, kif ukoll skontijiet fuq Receivables Finance
u rati preferenzjali fuq il-kambju barrani, inkluża l-munita Ċiniża Renminbi.
L-inizjattiva ‘Malta Trade for Growth’ ser tħalli lill-klijenti jieħdu
vantaġġ mill-aċċess globali u l-kompetenza straordinarja fin-negozju
kummerċjali li għandu l-HSBC. B’timijiet kummerċjali f’pajjiżi differenti
liema timijiet jispeċjalizzaw fin-negozju li jsir f’60 pajjiż u b’7,000
commercial banking relationship manager, l-HSBC jinsab tassew
f’pożizzjoni li jressaq opportunitajiet internazzjonali għand il-klijenti
tiegħu. Il-klijenti f’Malta ser ikunu jistgħu jibbenefikaw mir-relationship
managers li għandhom għarfien wiesa’ tan-negozju internazzjonali.
‘Malta Trade for Growth’ se tkun appoġġjata minn kampanja
estensiva ta’ reklamar li tinkludi fatti dwar kumpaniji Maltin li
espandew b’suċċess barra minn Malta.
Il-qasam kummerċjali jista’ jikseb aktar tagħrif dwar ‘Malta
Trade for Growth’ billi jżur il-websajt tal-Bank: www.hsbc.com.mt/
commercialbanking. Huma jistgħu jaċċessaw ukoll il-parti tal-‘Global
Connections’ tal-HSBC, li tipprovdi t-tagħrif kollu meħtieġ mill-klijenti
biex dawn ikabbru fuq livell internazzjonali n-negozju tagħhom.
Il-klijenti fin-negozju jistgħu jaraw ukoll rapporti dwar tbassir
kummerċjali maħruġa b’mod regolari mill-HSBC. Dawn ir-rapporti
jistgħu jgħinuhom kemm biex jesploraw il-futur tal-kummerċ dinji, kif
ukoll biex jidentifikaw opportunitajiet ewlenin f’diversi swieq u setturi.
Barra minn hekk, il-klijenti jistgħu jaċċessaw aktar minn 20
gwida għall-pajjiż differenti. Dawn l-hekk imsejħa Country Guides
joffru informazzjoni rilevanti dwar kif isir il-kummerċ mal-aktar
swieq żviluppati u oħrajn emerġenti madwar id-dinja.
page 7
‘Malta Trade for Growth’ will also allow customers
to access HSBC’s unrivalled global reach and expertise
in international trade. With trade teams on the ground in
60 countries and 7,000 commercial banking relationship
managers, HSBC is well positioned to connect customers
to international opportunities. Customers in Malta will be
able to benefit from relationship managers with a deep
understanding of international business.
Businesses can find out more about ‘Malta Trade for
Growth’ by visiting the Bank’s website at www.hsbc.com.
mt/commercialbanking. They can also access HSBC’s ‘Global
Connections’ site, which provides customers with all the
information they need to grow their business internationally.
Business customers can also access trade forecasts reports
issued on a regular basis by HSBC to help them explore the
future of world trade and identify key opportunities across
markets and sectors.
In addition, customers can access more than 20 Country
Guides that provide relevant information on doing business
with the most important developed and emerging markets
around the world.
HSBC l-azzjonist
issue 5
TBASSIR
KUMMERĊJALI
MILL-GRUPP HSBC
HSBC’s GROUP TRADE FORECAST
Iċ-caqliq fil-kummerċ dinji jiftaħ opportunitajiet għan-negozju
Shifts in world trade open up business opportunities
L-aħħar tbassir tal-HSBC għas-servizzi bankarji kummerċjali juri
xaqlib madwar id-dinja lejn il-produzzjoni ta’ prodotti ta’ valur ogħla,
u dan jiftaħ opportunitajiet ġodda għal dawk il-kumpaniji b’viżjoni
għall-quddiem li qed ifittxu biex jespandu.
The latest HSBC Commercial Banking Trade Forecast details a shift
towards the production of higher-value goods around the world,
presenting opportunities for forward thinking companies looking to
expand.
Il-pass mgħaġġel fl-industrijalizzazzjoni u ż-żieda fil-prezz taxxogħol, magħdudin mal-fatt li l-konsumaturi f’ħafna pajjiżi fil-faxxa
tan-nofsinhar qed jimmaturaw fl-għażla tal-prodotti, huma fatturi
li qed jixprunaw stili differenti ta’ tkabbir fil-kummerċ globali. Dan
ir-rapport juri kif dawn ix-xejriet qed iwasslu għal tibdil f’dak li dawn
il-pajjiżi jimportaw, jimmanifatturaw u mbagħad jesportaw.
Rapid industrialisation and increasing wages, coupled with
maturing consumer demand in many of the countries along the
South-South corridor are driving different types of global trade
growth. This report highlights how these trends are changing
the types of goods imported, manufactured and subsequently
exported.
Hekk kif il-pajjiżi jaqilbu għal setturi ta’ valur ogħla, jinħolqu
opportunitajiet sinjifikanti biex il-kumpaniji jevolvu u jikbru. Ir-rapporti
għal pajjiżi bħall-Vjetnam u l-Bangladesh juru ċaqliq minn kummerċ
fi prodotti bażiċi f’setturi bħaċ-ċereali u z-zokkor għal operazzjonijiet
fejn jirfinaw u jipproduċu prodotti tal-marka bbażati fuq dawk
il-materji primi. F’għadd ta’ swieq ġa żviluppati hemm ċaqliq lejn
setturi aktar speċjalizzati, bħal dawk tal-prodotti kimiċi u farmaċewtiċi,
hekk kif il-kumpaniji jfittxu opportunitajiet li jirrendu qligħ akbar.
As countries shift towards higher value sectors there are
significant opportunities for companies to evolve and grow. The
reports for countries such as Vietnam and Bangladesh show a
shift from basic commodities trading in sectors such as Cereals or
Sugar, to become a refiner or producer of branded goods based on
those raw materials. In many of the developed markets there is a
shift towards increasingly specialised sectors such as Chemicals
and Pharmaceutical products as companies seek opportunities for
higher returns.
Dan il-moviment lejn il-manifattura ta’ prodotti ta’ valur
ogħla huwa evidenti speċjalment fl-Asja, fejn joħroġ ċar fil-pass
mgħaġġel li bih qed tikber l-esportazzjoni Ċiniża fl-oqsma tatTeknoloġija tal-Informatika u l-Komunikazzjoni u tal-Makkinarju
Industrijali. Dan jikkumpensa għat-tnaqqis f’setturi bħal dak
tat-Tessili, li mbagħad jiftaħ opportunitajiet biex kumpaniji f’pajjiżi
iżgħar, imma li qed jikbru sew, f’dak ir-reġjun jirbħu kuntratti biex
jipproduċu dawk il-prodotti aktar bażiċi.
James Emmett, il-Kap Globali tat-Trade and Receivables
Finance tal-HSBC, qal hekk: “Is-swieq emerġenti qed jiżviluppaw
b’pass fenomenali u se jibdlu l-istampa totali tal-kummerċ dinji
fl-għoxrin sena li ġejjin. Bl-espansjoni tal-operat tagħhom fissetturi ġodda ta’ valur ogħla qed jimbuttaw lill-pajjiżi aktar żviluppati
biex jispeċjalizzaw u jiddiversifikaw, jekk iridu jikkompetu. Jekk
jirnexxilhom jifhmu liema setturi qed jikbru u f’liema swieq, se jsibu
opportunitajiet kbar għan-negozju tagħhom jekk jisfruttaw dawn
ix-xejriet meta jħejju l-pjani tagħhom għall-futur.”
Michel Cordina, Kap tal-Commercial Banking fl-HSBC
Bank Malta, jaqbel: “Il-pajjiżi madwar id-dinja qed ixaqilbu
lejn il-produzzjoni ta’ prodotti b’valur ogħla, u b’hekk joħolqu
opportunitajiet ġodda għall-kumpaniji fis-swieq emerġenti biex
jespandu u jikbru. Dan it-tbassir se jgħin lill-HSBC biex jifhem
aħjar liema setturi se jikbru u f’liema swieq, biex imbagħad
inkunu nistgħu nagħtu s-sostenn tagħna lin-negozjanti Maltin billi
ngħinuhom jikbru internazzjonalment u jgawdu l-benefiċċju ta’
swieq li għandhom tkabbir akbar.”
page 8
This shift towards the production of higher value goods
is particularly evident in Asia, with a clear pattern emerging
as Chinese export growth in Information & Communications
Technology and Industrial Machinery gathers pace. This balances
a declining rate of growth in sectors such as Textiles, giving rise
to opportunities for companies in the smaller, faster growing
countries around the region to win contracts to produce these
more basic goods.
James Emmett, HSBC’s Global Head of Trade and
Receivables Finance, said: “Emerging markets are developing at
a phenomenal pace and are set to reshape world trade patterns
over the next 20 years. By expanding their operations in to new,
higher value sectors, they are driving more developed nations to
specialise and diversify to compete. Understanding which sectors
are growing in which markets, delivers huge opportunities for
businesses as they plan for the future and aim to capitalise on
these trends.”
Michel Cordina, Head of Commercial Banking at HSBC
Bank Malta, concurs: “Countries around the world are shifting
towards the production of higher-value goods, opening up new
opportunities for companies within emerging markets to expand
and grow. This forecast provides HSBC with better insight for
understanding which sectors are growing in which markets, and in
turn we can support Maltese businesses as we help them grow
internationally and benefit from higher growth markets.”
HSBC l-azzjonist
issue 5
Is-swieq emerġenti jkomplu jżidu l-valur fil-katina tal-provvista
Fost il-pajjiżi li qed jilħqu aktar ‘il fuq fil-katina tal-provvista jispikkaw
l-aktar il-Malasja u l-Arġentina. Il-prodotti li l-aktar tesporta l-Malasja
se jinbidlu minn dawk f’setturi ta’ valur baxx, bħall-annimali u ż-żjut
veġetali, għall-makkinarju industrijali, li huwa f’livell ogħla u li se jkun
hu li jikkontribwixxi l-aktar għat-tkabbir fl-esportazzjoni tal-Malasja
sal-2030. Is-settur li fih tesporta l-aktar l-Arġentina, li llum huwa
dak tal-Prodotti mill-Annimali, se jċedi postu għal dawk tat-Tagħmir
tat-Trasport u l-Makkinarju Industrijali.
It-Tbassir juri wkoll li anke n-nazzjonijiet żviluppati, inklużi l-Istati
Uniti u r-Renju Unit, se jevolvu fil-prodotti li jesportaw. Iż-żewġ
pajjiżi msemmija t-tnejn se jibqgħu jbigħu l-Makkinarju Industrijali,
imma jersqu aktar u aktar lejn livell iżjed għoli f’dan is-settur.
It-tkabbir fl-esportazzjoni fir-Renju Unit qed ikun imbuttat dejjem
aktar mill-manifattura ta’ prodotti ta’ teknoloġija għolja, hekk kif
id-domanda għall-prodotti inqas sofistikati qed jissodisfawha aktar
u aktar, u bi prezzijiet orħos, il-produtturi mis-swieq emerġenti.
Fl-Istati Uniti, it-tkabbir fl-esportazzjoni huwa misjuq minn tliet
setturi ta’ valur ogħla, li se jikkontribwixxu għal nofs iż-żieda
fl-esportazzjoni bejn l-2021 u l-2030. Dawn huma l-Makkinarju
Industrijali, it-Tagħmir tat-Trasport, u l-Apparat Xjentifiku.
Emerging markets add ever increasing value to the supply
chain
Countries making the move up the supply chain most notably
are Malaysia and Argentina. Malaysia’s top exportable goods will
shift from lower-value sectors such as Animals and Vegetable Oils
to higher-end industrial machinery, which will make the largest
contribution to Malaysia’s export growth by 2030. Argentina’s
top export sectors will change from Animal Products to Transport
Equipment and Industrial Machinery.
The Forecast identifies that developed nations, including the
USA and UK, will also evolve the goods they export. Both nations
will continue to trade in Industrial Machinery, but increasingly
at the higher-end of the sector. Export growth in the UK is
increasingly being driven by high-technology manufactured
goods, as low-cost producers in the emerging markets satisfy an
increasing share of demand for less sophisticated products. In the
USA, export growth is driven by three high value-added sectors
which will contribute to half of the increase of exports over 202120310 – Industrial Machinery, Transport Equipment and Scientific
Apparatus.
Industrial machinery opportunity
L-opportunità tal-makkinarju industrijali
Il-Makkinarju Industrijali, li jvarja minn magni kbar li jiġġeneraw l-elettriku
għal bċejjeċ żgħar għall-apparat domestiku, se jwessa’ d-dominanza
tiegħu bħala s-settur numru wieħed tal-esportazzjoni dinjija. Sal-2030
se jkun jikkostitwixxi madwar 25% tal-prodotti esportati fost l-ogħla
25 pajjiż kummerċjant, u jikkontribwixxi ‘l fuq minn terz tat-tkabbir flesportazzjoni totali tal-merkanzija mill-2013, skont ma jgħid it-Tbassir.
Industrial Machinery, ranging from large power generating
machinery to small parts for domestic electrical items, will
extend its dominance as the world’s top export sector. It will
encompass around 25% of goods exported among the top
25 trading nations by 2030, and contribute over a third of the
growth in total merchandise exports from 2013 according to the
Forecast.
Ċentri
Hubs
Il-kummerċ intrareġjonali u d-dipendenza fuq bliet li jservu ta’ ċentri
għall-kummerċ se jibqgħu jkollhom sehem importanti biex jiffaċilitaw
il-flussi tal-kummerċ globali. Dan isir hekk kif il-kumpaniji jaraw kif
jisfruttaw l-opportunitajiet ġodda fl-istess waqt li jikkontrollaw ir-riskji
tagħhom fi swieq li qed jiżviluppaw b’ritmu mgħaġġel.
Intra-regional trade and reliance on hub cities continues to play a
strong role in facilitating global trade flows, as companies look to
capitalise on new opportunities while managing their exposure in
rapidly developing markets.
Kopja tal-Global Connections Trade Forecast u tagħrif ieħor jistgħu jinkisbu mis-sit
http://www.globalconnections.hsbc.com/. Min irid jista’ jitlob ukoll “infografika” li turi
r-riżultati ewlenin li ħarġu mill-aħħar tbassir kummerċjali.
page 9
For a copy of the Global Connections Trade Forecast report and for further
information, log onto http://www.globalconnections.hsbc.com/. An infographic which
portrays key findings from the latest trade forecast is also available upon request.
HSBC l-azzjonist
issue 5
Tagħrif dwar is-37 Laqgħa Ġenerali Annwali,
inklużi d-drittijiet tal-vot tiegħek
u kif teżerċita dawn id-drittijiet.
Information about the 37th Annual General Meeting, including your voting rights,
and how you may exercise them.
Tagħrif dwar il-Laqgħa Ġenerali Annwali
Information about the Annual General Meeting
Record Date
Record Date
L-avviż tal-Laqgħa Ġenerali Annwali (LĠA) intbagħat lill-azzjonisti
kollha tal-Bank li kienu fuq ir-Reġistru tal-Borża ta’ Malta fid-19
ta’ Marzu 2013 (ir-Record Date). Huma dawn l-azzjonisti biss li
għandhom id-dritt li jattendu u jivvutaw fil-LĠA. Il-Bank għandu
Klassi waħda biss ta’ azzjonijiet u dawn l-azzjonijiet għandhom
l-istess drittijiet għall-voti. In-numru totali ta’ azzjonijiet eleġġibbli
biex jipparteċipaw fil-laqgħa huwa ta’ 291,840,000 sehem.
Id-dritt tal-azzjonisti biex jistaqsu mistoqsijiet
L-azzjonisti jistgħu jistaqsu mistoqsijiet relatati mal-aġenda
tal-laqgħa skont il-Listing Rules 12.24 sa 12.26. Mistoqsijiet relatati
mar-riżoluzzjonijiet imsemmija hawn fuq jistgħu jintbagħtu
lis-Segratarju tal-Kumpanija bil-posta jew fuq l-indirizz elettroniku:
companysecretarymalta@hsbc.com. Informazzjoni relatata
mal-laqgħa tinstab fuq is-sit tal-Bank: www.hsbc.com.mt
fis-sezzjoni tal-Investor Relations.
page 10
The notice of Annual General Meeting (AGM) was mailed to the
Bank’s shareholders on the Register at the Central Securities
Depository of the Malta Stock Exchange on the 19 March 2013 (the
Record Date). Only such shareholders shall are entitled to attend
and vote at the AGM. The Bank has only one Class of Shares and
the shares have equal voting rights. The total number of shares
eligible to participate in the meeting is 291,840,000 shares.
Shareholders’ right to ask questions
Shareholders may ask questions related to the items on the
agenda in terms of Listing Rules 12.24 to 12.26. Questions
may be directed to the Company Secretary by post or e-mail
to: companysecretarymalta@hsbc.com. Answers to questions
related to items on the agenda may be given either directly to
the shareholder asking the question, or published on the Bank’s
website or during the meeting.
HSBC l-azzjonist
issue 5
Votazzjoni fil-Laqgħa Ġenerali Annwali
Voting at the AGM
Kull meta jittieħed vot, sew jekk dan isir b’wiri tal-idejn jew b’mezz
ta’ votazzjoni, kull sehem fil-kumpanija jagħti dritt għal vot wieħed
(1) fil-LĠA tal-Kumpanija.
Whenever a vote is taken whether by a show of hands or on a poll,
each share in the Company shall give right to one (1) vote at the
General Meeting of the Company.
F’każ ta’ riżultati ndaqs, kemm b’wiri tal-idejn jew b’mezz ta’
votazzjoni ċ-Chairman tal-Laqgħa jkollu t-tieni vot deċiżiv.
In the case of equality of votes, whether on a show of hands or on
a poll, the Chairman of the meeting shall have a second or casting
vote.
Elezzjoni tad-Diretturi
Il-Bord tad-Diretturi jikkonsisti f’mhux aktar minn disa’ (9) diretturi.
Skont Klawsola 7 tal-Memorandum tal-Assoċjazzjoni u Artiklu
77(4) tal-Istatut ta’ Assoċjazzjoni, matul il-Laqgħa: (a) jistgħu jiġu
appuntati sitt (6) diretturi, u (b) issir elezzjoni biex jiġu eletti tliet
diretturi oħra. Ġew nominati s-Sinjuri Saviour Buttigieg, James
Dunbar Cousin, Saviour sive Sonny Portelli u s-Sinjura Caroline
Zammit Testaferrata Moroni Viani.
Election of Directors
The Board of Directors shall consist of not more than nine (9)
directors. In terms of clause 7 of the Memorandum of Association
and Article 77(4) of the Articles of Associations: (a) six (6)
directors may be appointed, and (b) an election will be held to elect
the other three (3) directors. Valid nominations have been received
from Saviour Buttigieg, James Dunbar Cousin, Saviour sive Sonny
Portelli and Caroline Zammit Testaferrata Moroni Viani.
Dritt tal-azzjonist li jappunta Prokuratur
Membru li għandu d-dritt għall-vot għandu d-dritt li jappunta
prokuratur. Tista’ tappunta liċ-Chairman tal-Laqgħa jew persuna
oħra magħżula minnek biex jattendi u jivvota f’ismek. Il-prokuratur
m’hemmx għalfejn ikun membru wkoll. Azzjonist/a li għandu/
għandha ishma bi sħab, għandu/għandha d-dritt awtomatiku li
jirrappreżenta lill-azzjonisti l-oħra bi sħab miegħu/magħha għal
skop ta’ votazzjoni fil-LĠA ħlief jekk il-Bank ma jkunx irċieva mhux
aktar tard minn 48 siegħa qabel il-ħin tal-LĠA, istruzzjonijiet bilmiktub minn qabel minn wieħed mill-membri l-oħra li miegħu/
magħha għandu/għandha ishma bi sħab.
Shareholders’ right to appoint a Proxy
Kumpaniji jew assoċjazzjonijiet għandhom jawtorizzaw
formalment rappreżentant, liema awtorizzazzjoni trid tiġi
preżentata fil-bieb.
Companies and Associations are to provide their
representative with an appropriate authority to be shown at
the entrance.
Kif tibgħat il-Prokura
How to submit your Form of Proxy
Biex tkun valida, il-prokura trid tintbagħat lis-Segretarju talKumpanija, HSBC Bank Malta p.l.c., 116, Triq l-Arċisqof, Valletta
VLT 1444, bl-idejn jew bil-posta. Il-prokura tista’ tintbagħat b’mezz
elettroniku, f’liema każ inti mitlub tikkuntattja lis-Segretarju talKumpanija fuq l-indirizz elettroniku:
companysecretarymalta@hsbc.com biex jiggwidak fuq ilproċedura li trid taddotta jekk jintgħażel dan il-mezz. Il-prokura
mibgħuta bl-idejn, bil-posta, jew b’mezzi elettroniċi għandha tasal
għand is-Segretarju tal-Kumpanija mhux anqas minn 48 siegħa
qabel il-ħin tal-LĠA. Jekk il-prokura tintbagħat mingħajr indikazzjoni
ta’ kif il-prokuratur għandu jivvota fuq kwalunkwe materjal, ilprokuratur jista’ juża d-diskrezzjoni jekk jivvutax jew kif jivvota.
To be valid, the form of proxy must be sent to the Company
Secretary, HSBC Bank Malta p.l.c., 116, Archbishop Street, Valletta
VLT 1444, by hand or by post. You may also send the form of proxy
by electronic means, in which case kindly requested to contact the
Company Secretary on e-mail address: companysecretarymalta@
hsbc.com who will advise you on the procedure to be adopted
in this case. Form of proxy sent either by hand, by mail or by
electronic means must reach the Company Secretary by not less
than 48 hours before the appointed time of the AGM. If the form
is received without an indication as to how the proxy shall vote
on any articular matter, the proxy will exercise discretion as to
whether, and if so how, he or she votes.
page 11
A member having the right to attend and vote is entitled to appoint a
proxy. You may appoint the Chairman of the AGM or a person of your
choice to be your proxy to attend, speak and vote on your behalf.
The proxy need not also be a member. A joint member, has the
automatic right to represent the other joint members of the same
shares for purposes of voting in General Meetings unless the Bank
shall have received not later than 48 hours before the appointed
time of the AGM, prior contrary written instructions from any of the
said other joint members.
HSBC l-azzjonist
issue 5
L-HSBC Malta tikkonċentra
fuq is-sostenibilità korporattiva
HSBC Malta’s focus on corporate sustainability
Fid-dinja tax-xogħol ta’ żmienna, dawk il-kumpaniji li jħarsu filbogħod qed jirrealizzaw dejjem aktar kemm hi importanti u kemm
għandha benefiċċji s-sostenibilità korporattiva. Konsegwenza ta’
dan, kumpaniji responsabbli ta’ kull daqs qed jadottaw prattiċi finnegozju li huma sensittivi għall-konsiderazzjonijiet soċjali u ambjentali.
L-HSBC ilu fuq quddiem f’dan il-moviment, għax minn dejjem għaraf
is-sostenibilità korporattiva bħala l-mutur ċentrali li jwassal għal
tkabbir responsabbli u sostenibbli.
Għal aktar minn għaxar snin, l-HSBC Malta Foundation
ħaddmet strateġija b’għanijiet wiesgħa ta’ investiment fil-komunità
b’enfasi fuq tliet pilastri ewlenin: l-edukazzjoni – l-aktar dik tat-tfal
l-inqas privileġġjati – l-ambjent, u l-patrimonju Malti.
“L-investiment fil-komunità huwa parti intrinsika mill-identità talHSBC, ħaġa li toffri mod pożittiv u produttiv kif tibqa’ qrib il-komunità
fl-istess ħin li tiġġenera valur miżjud għall-kumpanija, il-klijenti kif
ukoll l-impjegati,” spjega s-CEO tal-HSBC Malta, Mark Watkinson.
In today’s business world, forward thinking companies are
becoming increasingly aware of the important and diverse benefits
of corporate sustainability. As a result, responsible companies of all
sizes are adopting business practices that are sensitive to social and
environmental considerations. HSBC has been at the forefront of this
movement, having long upheld corporate sustainability as its central
drive towards responsible and sustainable growth.
For over 10 years, the HSBC Malta Foundation managed a farreaching community investment strategy with an emphasis on three
main pillars: education - particularly that of underprivileged children the environment, and Malta’s heritage.
“Community investment is an intrinsic part of HSBC’s identity,
and one that offers a positive and productive way to remain close
to the community while generating added value for the company,
clients, and employees alike,” explained HSBC Malta’s CEO,
Mark Watkinson.
Achieving sustainability
Il-ksib tas-sostenibilità
Bit-tħaddim effettiv ta’ prattiċi li huma ambjentalment
sostenibbli u tal-aħħar teknoloġiji għall-iffrankar tal-enerġija, l-HSBC
Malta għamlet tnaqqis notevoli fil-konsum tal-enerġija ras għal ras
għal kull impjegat.
Through the effective application of environmentally sustainable
practices and the latest technologies for saving energy, HSBC Malta
brought about remarkable reductions in its energy consumption per
employee.
“Il-maġġoranza tal-binjiet tal-HSBC Malta huma attrezzati
bil-Building Management Systems (BMS), sistema mifruxa
mal-bank kollu li twassal biex il-konsum tal-enerġija jitnaqqas b’mod
konsiderevoli permezz ta’ kontroll ċentralizzat tal-apparat li jikkonsma
l-enerġija” qal Ranjit Gokarn, il-Kap Operattiv tal-HSBC Malta.
“Most of HSBC Malta’s buildings are fitted with a bank-wide
Building Management Systems (BMS) which leads to significant
reductions in energy consumption by providing centralised control
over energy consuming devices” said Ranjit Gokarn, HSBC Malta’s
Chief Operating Officer.
“Is-sistema intelliġenti tad-dawl li jħaddem l-HSBC tuża
s-sensors biex titfi d-dwal meta spazju jitbattal min-nies, u bdilna
700 lampa tal-halogen mifruxa mal-HSBC Malta ma’ oħrajn LED,”
qal is-Sur Gokarn. “Il-bozoz LED jużaw ħames darbiet inqas
enerġija u għandhom ħajja ħames darbiet itwal.”
“HSBC ‘intelligent lighting’ uses sensors to turn off lights once
an area is vacated and we have replaced all of HSBC Malta’s 700
halogen lamps with LED equivalents,” said Mr Gokarn. “LED lights
are 5-times more energy efficient, and have a 5 fold increase in
extended life expectancy.”
Water: Malta’s most precious resource
L-ilma: l-aktar riżorsa prezzjuża għal Malta
Dan l-aħħar l-HSBC nieda programm ta’ $100 miljun li fih
l-HSBC se jaħdem mal-WWF, WaterAid u Earthwatch biex jindirizza
r-riskji tal-ilma fil-baċini tax-xmajjar, biex iġib ilma nadif u sanità aħjar
lil aktar minn miljun persuna, u biex iżid il-kuxjenza dwar l-isfida
globali tal-ilma. Il-programm, li hu ta’ 5 snin, joffri opportunità lillorganizzazzjonijiet, lill-individwi u lill-impjegati tal-HSBC biex iressqu
proposti u jikkompetu għal fondi biex isiru proġetti maġġuri tal-ilma.
HSBC’s recently launched $100 million Water Programme will
see HSBC working with WWF, WaterAid and Earthwatch to address
water risks in river basins, to bring safe water and improved sanitation
to more than a million people, and increase awareness about the
global water challenge. This 5-year programme offers organisations,
individuals, and HSBC Employees the opportunity to forward
proposals and compete for funding for large-scale water projects.
Miexi fuq linja parallela hemm għaddej il-proġett ta’ €330,000 talMalta Business Bureau, imsejjaħ EU Life+ Investing in Water. L-HSBC
Malta kienet fost l-ewwel kumpaniji li daħlu għal dan il-proġett ta’ 30
xahar li jfittex li jesplora metodi kif in-negozji jistgħu jiffrankaw l-ilma.
Running in parallel with this is the Malta Business Bureau’s
€330,000 ‘EU Life+ Investing in Water’ project. HSBC Malta was
among the first companies to enrol in this 30-month project that
seeks to identify water saving solutions within businesses.
L-HSBC Malta għandha ġibjun tal-ilma tax-xita li fl-2011 biss
ipprovda 950,000 litru ta’ ilma ta’ sekonda klassi.
HSBC Malta also maintains a storm water reservoir - which, in
2011 alone, provided 950,000 litres of second class water.
HSBC employee involvement
L-involviment tal-impjegati tal-HSBC
“Is-sostenibilità korporattiva tinsab fil-qalba tal-prattiċi tal-HSBC.
L-enfasi qiegħda fuq il-benessere tal-impjegati u fuq l-investiment
page 12
“Corporate sustainability is at the very heart of HSBC’s practices
– with an emphasis on the wellbeing of our workforce and investment
HSBC l-azzjonist
issue 5
fi prattiċi organizzativi u programmi ta’ benefiċċju best-in-class.
L-impjegati tal-HSBC jingħataw kull inkoraġġiment u kull opportunità
biex jinvolvu ruħhom f’inizjattivi ta’ sostenibilità, ibda mill-idea
konċettwali ta’ proġetti ta’ valur u kompli bit-twettiq u l-monitoraġġ li
jiġi wara,” spjegalna Ranjit Gokarn, il-Kap Operattiv tal-HSBC Malta.
in best-in-class organisational practices and benefit programs. HSBC
employees are fully encouraged and given every opportunity to be
involved in sustainability initiatives, from the conception of worthy
projects, through to their implementation,” explained HSBC Malta’s
Chief Operating Officer Ranjit Gokarn.
Il-Premju Ħaddiem tas-Sena
Worker of the Year Award
Victor Friggieri, Manager tal-HSBC għall-Enerġija u
s-Sostenibilità, huwa proprju wieħed mill-impjegati li ddistingwew
ruħhom bid-dedikazzjoni għas-sostenibilità korporattiva. Is-Sur
Friggieri rebaħ għadd ta’ premjijiet għall-kontribut tiegħu, l-aktar
reċenti fosthom il-Premju Ħaddiem tas-Sena 2012. Hu nieda wkoll ilkampanja attwali tal-HSBC Malta għat-tnaqqis fil-konsum tal-ilma u
l-elettriku, li wasslet għal tnaqqis ta’ 20% fil-carbon footprint tal-bank
fuq erba’ snin. U bħala rikonoxximent ta’ dan l-HSBC Bank Malta
ingħatat il-premju prestiġjuż Premju Ambjentali għall-Industrija.
“Irridu nibqgħu pożittivi, immirati u nemmnu li kull ftit jgħodd
fl-isforz tagħna biex ngħixu b’mod aktar sostenibbli,” qal is-Sur
Friggieri. “Waqt li aħna nużaw ċerti teknoloġiji avvanzati biex
inrażżnu l-konsum, l-ideat sempliċi li tawna l-impjegati għenu
wkoll biex niffrankaw mhux ħażin, pereżempju l-idea li nitfu l-arja
kkondizzjonata kwarta qabel ma nitilqu mill-uffiċċju.”
Aktar tagħrif dwar l-attivitajiet tal-Bank għas-sostenibilità korporattiva jinstab
fis-sezzjoni ‘HSBC in the Community’ tas-sit elettroniku www.hsbc.com.mt.
Victor Friggieri, HSBC’s Manager for Energy and Sustainability, is
one such employee who distinguished himself through his dedication
to corporate sustainability. Mr Friggieri earned a number of awards for
his contribution, most recent of which is the Worker of the Year award
2012. He also initiated an ongoing HSBC Malta campaign to save
water and energy which led to a 20% reduction in the bank’s carbon
footprint over four years. In recognition of which, HSBC Bank Malta
was awarded the prestigious Environment Award For Industry.
“One must remain positive, goal oriented, and believe that
every little bit helps in the drive towards more sustainable living, said
Mr Friggieri. “While we use many industry-leading technologies to
reduce consumption, simple ideas from employees have also led to
remarkable gains, such as the idea of turning air-conditioners off 15
minutes before leaving the office.”
More information about the bank’s corporate sustainability activities is available on
the ‘HSBC in the Community’ section of www.hsbc.com.mt
Lejn servizz għall-klijent iktar inklussiv
Towards a more inclusive customer service
Klijenti bi sfidi ta’ komunikazzjoni jibbenefikaw mill-ħila speċjalizzata
offruta lilhom minn serje ta’ laqgħat ta’ gruppi għal “Persuni
b’diżabilità” bl-iskop li joffru taħriġ speċjalizzat biex jgħinu l-klijenti li
għandhom problema bis-smigħ u bit-taħdit.
Customers with communicational challenges stand to benefit from
the specialised expertise delivered during the bank’s “Persons with
Disability” workshops, geared towards offering specialised training
in support of customers with hearing and speech impairments.
Waħda mill-ogħla uffiċjali tal-Premier li tagħmel dawn il-laqgħat
ta’ gruppi għal “Persuni b’diżabilità” hija Nicolette Aquilina Cutajar,
impjegata mal-HSBC Malta li għandha problema bis-smigħ. Iżda
dawn l-isfidi lil Nicolette qatt ma qatgħulha qalbha. Sentejn wara li
bdiet taħdem mal-Bank ħadet promozzjoni u ġiet nominata bħala
l-Ogħla Rappreżentanta tal-Customer Service.
One of the top Premier referrers to lead the “Persons with
Disability” workshops is Nicolette, an HSBC Malta employee
with profound hearing impairment. Communicational challenges
never held Nicolette back. She earned a promotion two years after
starting with the bank and was also nominated as a Top Customer
Service Representative.
“Fortunatament, irnexxieli nattendi l-iskola regolarment anke
mingħajr servizz ta’ interpretu li llum hu disponibbli hawn Malta,”
spjegat Nicolette. “Is-sena li għaddiet, ġibt id-Diploma
fil-Management bl-għajnuna ta’ interpretu, wara li kont għamilt
l-A-Level fl-Accounts u l-Economics.”
“Fortunately, I managed to attend regular schools, even
without the support of the interpreting services that are now
available in Malta, Nicolette explained. “Last year, I achieved a
Diploma in Management with interpreters’ support, following
A-Level certification in Accounting and Economics.”
Nicolette overcomes
communication challenges though
expert use of sign-language and lipreading, and offers her colleagues
experience and training into how
best to work with customers that
have communicational challenges.
Nicolette rnexxielha tegħleb
dawn l-isfidi ta’ komunikazzjoni grazzi
għall-kapaċità li għandha fil-lingwa
tas-sinjali u l-qari tax-xufftejn u toffri
lill-kollegi tagħha l-esperjenza u
t-taħriġ neċċessarju biex tgħinhom
jifhmu kif inhu l-aħjar mod biex
taħdem mal-klijenti li għandhom
problemi ta’ komunikazzjoni.
Michael Tabone, Mosta’s
branch manager is proud to
have Nicolette among his team
members. “The feedback
we receive about Nicolette’s
performance is all so positive.
She is a meticulous, hard-working
employee who carries her tasks
out diligently. I feel confident in
assigning her to duties in front
office, as I know that she’s a
capable and dependable person.”
Michael Tabone, il-Manager
tal-Bank tal-fergħa l-Mosta, hu kburi
li Nicolette tagħmel parti mit-tim
tiegħu. “Il-feedback li nirċievu
dwar l-effiċjenza ta’ Nicolette waqt
xogħolha dejjem kien pożittiv. Hi
persuna metikuluża, taħdem ħafna
u bieżla. Tajtha l-inkarigu fil-front
office għax konvint li hi persuna
kapaċi u ta’ fiduċja.”
Ranjit Gokarn, is-COO tal-HSBC Malta, iltaqa’ ma’ Nicolette
dan l-aħħar fil-fergħa tal-Bank tal-Mosta. “Nicolette għandha
personalità miftuħa u affaxxinanti. Hija ta’ eżempju u għandha
relazzjoni tajba kemm mal-klijenti kif ukoll mal-kollegi tagħha.
Hija persuna professjonali, team-builder u sors ta’ ispirazzjoni
għalina lkoll.”
page 13
Ranjit Gokarn, HSBC Malta COO, recently met Nicolette
at Mosta branch and was delighted to make her acquaintance.
“Nicolette has an open, charming personality. She leads by
example and truly connects with both customers and colleagues.
She is a true professional, a team-builder and a source of inspiration
to us all.”
HSBC l-azzjonist
issue 5
Voluntiera minn tmien kumpaniji jagħmlu CSR Day 2013 suċċess
500 impjegat minn tmien kumpaniji
f’ħidma ta’ volontarjat
Volunteers from eight corporations make CSR Day 2013 a success
500 employees from eight companies join forces
Seba’ istituzzjonijiet ta’ kura ngħataw dehra isbaħ grazzi għal
ħidma ta’ volontarjat fil-Jum għar-Responsabbiltà Soċjali
Korporattiva (CSR Day). Dan il-jum ikun organizzat kull sena
fid-19 ta’ Marzu. Madwar 500 impjegat minn tmien kumpaniji
Maltin taw sehemhom f’xogħol volontarju li sar Malta u
Għawdex. Dan kien jikkonsisti f’żebgħa, tibjid, manutenzjoni u
ġardinaġġ, kif ukoll ħjata ta’ purtieri.
Seven caring institutions were renovated thanks to voluntary
work carried out on Corporate Social Responsibility (CSR)
Day 2013, organised annually on 19 March, with around 500
volunteers from eight Maltese companies taking part in aid of
caring institutions across Malta and Gozo. The work consisted
of various chores such as gardening, maintenance works,
painting and whitewashing as well as sewing of curtains.
L-impjegati ta’ Arrow Pharma u ta’ HSBC Malta wettqu
xogħol flimkien f’Dar Fra Diegu, il-Ħamrun; l-impjegati ta’
Deloitte ħadmu fid-Dar Qalb ta’ Ġesù f’Santa Venera; dawk
ta’ Farsons Group għenu f’Dar il-Wens fil-Kalkara, filwaqt li
l-impjegati ta’ Tumas Group ħadmu f’Dar Merħba Bik f’Ħal
Balzan. Il-voluntieri minn Munich Re u MSV Life taw sehemhom
flimkien fiċ-Ċentru Terapewtiku tal-Caritas f’San Blas, filwaqt
li l-impjegati ta’ Vassallo Group iffukaw ħidmiethom filFondazzjoni St Jeanne Antide f’Ħal Tarxien.
Arrow Pharma and HSBC Malta employees teamed up at
Fra Diegu Home in Ħamrun; Deloitte employees carried out
works at Dar Qalb ta’ Ġesu’ in Santa Venera; Farsons Group
at Dar il-Wens in Kalkara; Tumas Group at Dar Merħba Bik
in Balzan; Munich Re and MSV Life joined forces at Caritas
Therapeutic Centre in San Blas; while employees from Vassallo
Group focused their efforts at St Jeanne Antide Foundation in
Tarxien.
F’Għawdex, grupp ta’ voluntiera minn HSBC Malta wettqu
ħidma fl-Arka Respite Centre. Il-Jum għar-Responsabbiltà
Soċjali Korporattiva kellu l-appoġġ ukoll tal-Junior Chamber
International, l-Ordni Sovrana Militari ta’ Malta, Red Cross Malta
u l-Assoċjazjoni Internazzjonali tal-Pulizija.
In Gozo, a group of volunteers from HSBC Malta also
worked away at Arka Respite Centre. CSR Day 2013 also
received support from Junior Chamber International, the
Sovereign Military Order of Malta, Red Cross Malta and the
International Police Association.
L-Aġent President ta’ Malta Dolores Cristina, l-Arċisqof
Paul Cremona u l-Ministru għad-Djalogu Soċjali, Affarijiet talKonsumatur u Libertajiet Ċivili Helena Dalli żaru l-voluntieri u
rringrazzjawhom ilkoll għall-impenn u d-dedikazzjoni tagħhom
lejn din il-kawża ġusta.
The volunteers were paid a visit by Her Excellency Acting
President of Malta Dolores Cristina, His Grace the Archbishop
Paul Cremona, and Hon. Minister for Social Dialogue,
Consumer Affairs & Civil Liberties Dr Helena Dalli, who
thanked all volunteers for their commitment and dedication
towards this worthy cause.
Il-Ministru Dalli esprimiet l-apprezzament tagħha għall-ħin u
l-enerġija li l-kumpaniji parteċipanti u l-impjegati offrew għallJum ir-Responsabbiltà Soċjali Korporattiva ta’ din is-sena. Hi
qalet li apparti milli tippromwovi l-volontarjat, inizjattiva bħal din
hi fiha nfisha avveniment ta’ team building.
Hon. Dr Dalli expressed her appreciation for the time and
energy that the participating companies and staff members
put into this year’s CSR Day and said that apart from
promoting volunteering, such an initiative was in itself a team
building event.
page 14
HSBC l-azzjonist
issue 5
HSBC Malta u l-MCAST
f’ġurnata speċjali għarresidenti tax-xelters
tal-vjolenza domestika
f’Jum il-Mara
HSBC Malta and MCAST treat domestic
violence shelter residents to a day of
pampering on Women’s Day
Bħala parti miċ-ċelebrazzjonijiet tal-Jum Internazzjonali tal-Mara,
kien organizzat nofstanhar ta’ terapija tas-sbuħija u rilassament
għan-nisa residenti fix-xelters tal-vjolenza domestika.
A morning of relaxation and beauty therapy was organised for
women from the domestic violence shelters as part of International
Women’s Day celebrations.
Waqt din l-attività, organizzata mill-Fondazzjoni HSBC Malta
u l-Istitut tas-Servizzi Komunitarji tal-MCAST b’kollaborazzjoni
mal-Banking on Women (BoW) u l-Kumitat għad-Diversità u
l-Inklużjoni tal-HSBC Malta, dawn in-nisa ngħataw varjetà ta’ terapiji
ta’ rilassament u ta’ sbuħija, fosthom servizzi ta’ qtugħ tax-xagħar,
facials, makeovers u hairstyling.
The event, organised by the HSBC Malta Foundation and
the MCAST Institute of Community Services in collaboration with
Banking on Women (BoW) and HSBC Malta’s Diversity & Inclusion
Committee, treated the ladies to a variety of relaxation and beauty
therapies, including facials, makeovers, haircuts and hairstyling.
In-nisa minn Dar Merħba Bik, Dar Qalb ta’ Ġesù, Dar Tereża
Spinelli u l-Aġenzija Appoġġ, kif ukoll dawk li qed jirċievu appoġġ
mill-Fondazzjoni St Jeanne Antide u l-Prison Fellowship irċevew
dawn it-trattamenti b’xejn mill-lecturers u l-istudenti tal-Istitut tasServizzi Komunitarji tal-MCAST, filwaqt illi użaw prodotti mogħtija
minn Beauty Imports, Extremes Trading u Beauty Centre. Matul
il-ġurnata ngħataw hampers b’rigali, li nxtraw bl-għajnuna ta’ The
Body Shop.
Il-prinċipji tal-Jum Internazzjonali tal-Mara huma inkorporati
fil-viżjoni tal-HSBC għall-iżvilupp tal-karriera tan-nisa. F’konformità
ma’ dan l-impenn, il-Bank qed joffri policies u attivitajiet, bħal
workshops, seminars u mentoring, maħsuba speċifikament biex
jipprovdu għajnuna lill-impjegati nisa.
Women from Dar Merħba Bik, Dar Qalb ta’ Ġesù, Dar Tereża
Spinelli and Aġenzija Appoġġ, as well as those receiving support
from St Jeanne Antide Foundation and Prison Fellowship received
free treatments by lecturers and students from the MCAST Institute
of Community Services, using products donated by Beauty
Imports, Extremes Trading and Beauty Centre. Gift hampers,
purchased with support from The Body Shop, were given out on
the day.
The principles of International Women’s Day are encompassed
within HSBC’s vision for women’s career development. In line with
this commitment, the bank offers specialised policies and activities,
such as workshops, seminars and mentoring geared specifically
towards supporting its female employees.
L-HSBC jorganizza festivitajiet
għat-tfal anqas privileġġjati
Fl-iżvilupp u l-kwalità ta’ ħajja tat-tfal, avvenimenti soċjali jistgħu jkunu importanti
daqs attivitajiet edukattivi. Dan il-festin tal-Karnival hu wieħed mill-inizjattivi li permezz
tagħhom il-Fondazzjoni HSBC Malta tferraħ lit-tfal minn residenzi madwar
Malta, filwaqt li tgħinhom biex iħossuhom parti mill-ġrajjiet ta’ madwarhom.
Dan intqal miċ-Chairperson tal-Fondazzjoni HSBC Malta Catherine Gonzi, li
ngħaqdet ma’ aktar minn 300 tifel u tifla għall-festin.
Waqt il-festin, it-tfal ħadu pjaċir jilagħbu, jiżfnu u jkantaw flimkien
mal-artisti u l-animaturi ferrieħa.
HSBC Malta Foundation hosts carnival party
for disadvantaged children
Social events are as important as educational activities to a child’s overall
development and well-being. The Carnival party, organised annually by the HSBC
Malta Foundation, is just one of the ways through which the Foundation treats
disadvantaged children in homes while also helping them feel more involved in
ongoing events. This was stated by the Foundation Chairperson Mrs Catherine Gonzi
who joined more than 300 children during the party.
Coming from homes and caring organisations across Malta, the children were
kept amused by professional entertainers as well as makeup artists. During the party,
children enjoyed themselves by playing, singing and dancing with the lively animators
and performers.
page 15
HSBC l-azzjonist
issue 5
Brian Robertson, Kap Eżekuttiv tal-HSBC
Bank plc, li hu wkoll Direttur Maniġerjali talGrupp HSBC Holdings plc u membru tal-Bord
Maniġerjali tal-Grupp, inħatar fuq il-Bord
tad-Diretturi tal-HSBC Bank Malta p.l.c. bħala
Direttur Eżekuttiv. Din il-ħatra hi suġġetta
għall-approvazzjoni regulatorja.
Bħala Kap Eżekuttiv tal-HSBC Bank
plc, Robertson hu responsabbli għall-ħidma
kollha tal-Grupp fir-Renju Unit u l-Ewropa
Kontinentali. Robertson hu wkoll iċ-Chairman
tal-HSBC Life (UK) Limited u Direttur talHSBC Bank Bermuda Limited. Għal dawn
l-aħħar 38 sena, Robertson ħadem fi
ħdan il-Grupp HSBC. Għandu esperjenza
internazzjonali estensiva, peress li ħadem
fil-Lvant Nofsani, Hong Kong, fl-Istati Uniti,
fir-Renju Unit u l-Kanada.
Kap Eżekuttiv
tal-HSBC
Europe
jinħatar fuq
il-Bord talHSBC Malta
Fuq il-Bord tal-HSBC Malta hu qed
jinħatar minflok Peter William Boyles, li se
jtemm il-kariga tiegħu bħala Direttur Eżekuttiv
tal-HSBC Malta b’effett mill-5 ta’ Marzu 2013.
Boyles għadu kemm inħatar Kap Eżekuttiv talHSBC Group Global Private Banking.
As CEO of HSBC Bank plc, Mr
Robertson is responsible for all the Group’s
operations in the United Kingdom and
Continental Europe. Mr Robertson is also
Chairman of HSBC Life (UK) Limited and a
Director of HSBC Bank Bermuda Limited.
Mr Robertson has been with the HSBC
Group for 38 years and has extensive
international experience, having worked
in the Middle East, Hong Kong, USA, the
United Kingdom and Canada.
He succeeds Mr Peter William
Boyles on the HSBC Malta Board. Mr
Boyles stepped down from his position
as Executive Director of HSBC Malta with
effect from 5 March 2013 following his
appointment as Chief Executive Officer of
HSBC Group Global Private Banking.
Iċ-Chairman tal-HSBC Malta Albert
Mizzi qal: “F’isem il-Bord, nixtieq nieħu din
l-opportunità biex nirringrazzja lil Peter għallkontribuzzjoni siewja li ta lill-Bank tul dawn
l-aħħar tliet snin. Fl-istess waqt, qed inħabbru
l-ħatra ta’ Brian Robertson li ser ikun qed
jieħu postu. Il-karriera distinta ta’ Brian fi ħdan
il-Grupp HSBC ser tippermettilu li jwassal
l-esperjenza estensiva tiegħu biex jiffaċilita
t-tkabbir tal-HSBC Malta, jgħin biex tiżdied
il-konnettività tal-Bank fi ħdan il-Grupp HSBC,
u jagħti xejra aktar internazzjonali lin-negozju
tal-HSBC Malta.”
Robertson qal: “Jien qed inħares `il
quddiem biex naħdem mat-tim f’Malta.
Għal dawn l-aħħar 14-il sena, HSBC Malta
kompla jikber u jissaħħaħ. Bi franchise
domestiku b’saħħtu u b’rieda biex jikber
internazzjonalment, l-HSBC Malta qiegħed
f’pożizzjoni tajba ħafna biex jibbenefika millopportunitajiet li grupp globali bħall-HSBC
jista’ joffri.”
Mr Brian Robertson, Chief Executive
Officer of HSBC Bank plc, a Group
Managing Director of HSBC Holdings plc
and a member of the Group Management
Board, has been appointed to the Board of
Directors of HSBC Bank Malta p.l.c. (‘HSBC
Malta’) as an Executive Director, subject to
regulatory approval.
HSBC Malta Chairman Albert Mizzi
said: “On behalf of the Board, I take this
opportunity to thank Peter for his enormous
contribution to the bank over the past 3
years. And we are delighted to announce
the appointment of Brian Robertson
succeeding him. Brian’s distinguished career
within the HSBC Group will allow him to
bring his extensive experience to facilitate
HSBC Malta’s growth, helping to increase
the bank’s connectivity within the HSBC
Group and internationalise its business.”
HSBC Europe
CEO joins HSBC
Malta Board
Mr Robertson said: “I look forward to
working with the team in Malta. For the past
14 years, HSBC Malta has been growing
from strength to strength. With a strong
domestic franchise and an appetite to grow
internationally, HSBC Malta is well placed to
benefit from the opportunities that a global
group like HSBC has to offer.”
I-HSBC jimmodernizza
l-fergħa ta’ Ħaż-Żabbar
HSBC refurbishes Żabbar Branch Il-fergħa tal-HSBC f’Ħaż-Żabbar dan l-aħħar kienet immodernizzata
u issa saret waħda mill-fergħat tal-Grupp li tissodisfa l-istandards
il-‘Fergħa tal-Futur’. Il-fergħa kienet rinovata b’mod estensiv għal
dehra ġdida u tinkludi ħames uffiċċji ġodda u spazju bi privatezza
mtejba għal żewġ konsulenti.
Il-fergħa issa għandha wkoll żewġ magni tal-ATM bl-aħħar
teknoloġija, kif ukoll Magna għad-Depożitu, aċċess għall-internet bi
skrivanija privata, u aċċess dirett għaċ-Ċentru ta’ Kuntatt tal-HSBC.
L-impjegati tal-HSBC f’Ħaż-Żabbar, immexxija minn Julie
Bonnici u Sandra Cassar, irċevew taħriġ apposta dwar il-prinċipji
ċċentrati fuq il-klijent.
page 16
HSBC Malta’s branch in Żabbar has been refurbished and now
meets the HSBC Group Branch of the Future standard. The Branch
has received a major make-over and features a revamped layout
with five new office spaces and two counsellor positions with
improved privacy.
The Branch has also been fitted with two latest technology
Automated Teller Machines (ATMs), which offer the same high
quality functionality and improved accessibility as is available in
HSBC branches throughout the world. Also available are a selfservice Deposit Machine, an internet kiosk with a private desk and
direct access to HSBC’s contact centre.
Like other employees working in newly refurbished branches,
HSBC Żabbar employees, led by Julie Bonnici and Sandra Cassar,
have undergone new training on customer centric principles to tie
in with the global concept of the new HSBC branch design.
HSBC l-azzjonist
issue 5