HSBC Bank Canada third quarter 2016 results

  • Profit before income tax expense for the quarter ended 30 September 2016 was $138m, a decrease of 26.2% compared with the same period in 2015. Profit before income tax expense was $464m for the year to date, a decrease of 28.1% compared with the same period in 2015.

  • Profit attributable to the common shareholder was $91m for the quarter ended 30 September 2016, a decrease of 28.9% compared with the same period in 2015. Profit attributable to the common shareholder was $308m for the year to date, a decrease of 31.9% compared with the same period in 2015.

  • Return on average common equity was 7.7% for the quarter ended 30 September 2016 compared with 11.0% for the same period in 2015. Return on average common equity was 9.0% for the year to date compared with 13.1% for the same period in 2015.

  • The cost efficiency ratio was 66.0% for the quarter ended 30 September 2016 compared with 57.5% for the same period in 2015. The cost efficiency ratio was 59.4% for the year to date compared with 55.1% for the same period in 2015.

  • Total assets were $95.2bn at 30 September 2016 compared with $94.0bn at 31 December 2015.

  • Common equity tier 1 capital ratio was 10.7%, tier 1 ratio 12.7% and total capital ratio 13.8% at 30 September 2016 compared with 10.1%, 12.1% and 13.5% respectively at 31 December 2015.

Media enquiries to:

Sharon Wilks
416-868-3878
sharon_wilks@hsbc.ca

Aurora Bonin
604-641-1905
aurora.f.bonin@hsbc.ca

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