July 31, 2014 1:31 AM ET

Banks

Company Overview of HSBC Bank Canada

Company Overview

HSBC Bank Canada provides various financial products and services to small and medium-sized companies, and individuals in Canada. The company’s Commercial Banking segment offers various financing, including overdrafts, term loans, and leasing, as well as syndicated, leveraged, acquisition, and project finance; letters of credit, collections, and guarantees; receivables finance; supply chain solutions; risk distribution products; domestic and cross-border payments, collections, liquidity management, and account services; and capital raising, foreign exchange, and interest rate products. Its Global Banking and Markets segment provides various products and services, which include currency, inte...

885 West Georgia Street

Vancouver, BC V6C 3E9

Canada

Founded in 1981

Phone:

604-685-1000

Fax:

604-641-3098

Key Executives for HSBC Bank Canada

Chief Executive Officer
Chief Financial Officer
Chief Operating Officer
Senior Vice President
Age: 49
Chief Executive Officer of HSBC Canadian Direct Insurance Incorporated and President of HSBC Canadian Direct Insurance Incorporated
Compensation as of Fiscal Year 2014.

HSBC Bank Canada Key Developments

HSBC Bank Canada Declares Regular Quarterly Dividend on Preferred Share, Payable on June 30, 2014

HSBC Bank Canada declared regular quarterly dividends of 31.875 cents per share have been declared on HSBC Bank Canada Class 1 Preferred Shares - Series C, 31.25 cents per share on Class 1 Preferred Shares - Series D and 41.25 cents per share on Class 1 Preferred Shares - Series E. Dividends will be paid on June 30, 2014, for shareholders of record on June 13, 2014.

HSBC Bank Canada Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

HSBC Bank Canada reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s net interest income was CAD 307 million against CAD 336 million a year ago. Net operating income was CAD 506 million against CAD 528 million a year ago. Operating profit was CAD 230 million against CAD 265 million a year ago. Profit before income tax expense was CAD 233 million against CAD 269 million a year ago. Profit for the period was CAD 172 million against CAD 189 million a year ago. Profit attributable to common shareholders was CAD 160 million against CAD 171 million a year ago. Profit attributable to preferred shareholders was CAD 9 million against CAD 15 million a year ago. Profit attributable to shareholders was CAD 169 million or CAD 0.32 basic per share against CAD 186 million or CAD 0.34 basic per share a year ago. Net cash used in operating activities was CAD 1,841 million against net cash from operating activities of CAD 887 million a year ago. Return on average common shareholders' equity was 15.0% against 16.3% a year ago.

HSBC Bank Canada Declares Regular Quarterly Dividend on Preferred Share, Payable on March 31, 2014

HSBC Bank Canada declared regular quarterly dividends of 31.875 cents per share on HSBC Bank Canada Class 1 Preferred Shares - Series C, 31.25 cents per share on Class 1 Preferred Shares - Series D, 41.25 cents per share on Class 1 Preferred Shares - Series E and 7.75 cents per share on Class 2 Preferred Shares - Series B. Dividends will be paid on March 31, 2014, for shareholders of record on March 14, 2014.

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