HSBC Trinkaus 2011 Dividend

RNS Number : 0420X

HSBC Holdings PLC

08 February 2012

 



The following text is the English version of a news release issued in Germany by HSBC Trinkaus & Burkhardt AG, an 80.4% indirectly owned subsidiary of HSBC Holdings plc.

HSBC TRINKAUS & BURKHARDT AG 2011 DIVIDEND

The Supervisory and Management Boards of HSBC Trinkaus & Burkhardt AG (HSBC Trinkaus) propose the payment of a dividend of €2.50 per share for the 2011 financial year (2010: €2.50). Shareholders will be invited to approve the dividend at the Annual General Meeting on 5 June 2012.

Estimated pre-tax profit and net profit for the 2011 financial year are in line with prior-year levels. The core capital ratio stands at over 10%, comfortably exceeding regulatory requirements despite the additional capital requirements for trading book positions. With a long-term 'AA' issuer rating, HSBC Trinkaus still has the highest Fitch rating among the German private commercial banks.

Further figures and details of the 2011 financial year are scheduled to be published on 12 March 2012.

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

Note to editors:

HSBC Trinkaus

HSBC Trinkaus is one of Germany's leading commercial banks and a member of the HSBC Group, one of the world's largest banking and financial services organisations. With 2,566 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 €25.1bn and €119.8bn in funds under management and administration, the bank is the best rated private commercial bank in Germany with a 'AA' Fitch rating unchanged since December 2007. The bank's key customer groups are high net worth private clients, corporate clients and institutional clients. (All figures at 30 September 2011)

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

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