HSBC Trinkaus & Burkhardt AG

RNS Number : 9421A

HSBC Holdings PLC

09 February 2011

 



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

9 February 2011

HSBC TRINKAUS & BURKHARDT AG 2010 DIVIDEND

The Supervisory and Management Boards of HSBC Trinkaus & Burkhardt AG propose the payment of a dividend of €2.50 per share (2009: €2.50) for the 2010 financial year. Shareholders will be invited to approve the dividend at the Annual General Meeting on 7 June 2011.

The preliminary result largely confirms the guidance based on third quarter 2010 results: estimated net profit for the 2010 financial year is substantially above that for 2009. The core capital ratio stands at over 11 per cent, far exceeding banking supervisory requirements. With a long-term "AA" issuer rating, HSBC Trinkaus has the best Fitch rating among the German private banks.

Further figures and details of the 2010 financial year are scheduled to be published on 2 March 2011.

Media enquiries to Steffen Pörner on [phone] or at

[e-mail]

Notes to editors:

1.     HSBC Trinkaus & Burkhardt

HSBC Trinkaus is one of Germany's leading private banks and part of the globally operating HSBC Group. With 2,371 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 €21.0 billion* and €110.1 billion 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 central target groups are wealthy private clients, corporate clients and institutional clients.  HSBC Trinkaus' press releases can be found on the www.hsbctrinkaus.de homepage under "Press". *(all figures as at 30 September 2010)

2.     The HSBC Group

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,000 offices in 86 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,418 billion at 30 June 2010, 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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