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HSBC Malta Opens New Sales Office

Press Release

24 October 2000

HSBC Bank Malta PLC has officially inaugurated a new customer sales office in Valletta. The office develops the innovative concept of providing Wealth Management Products to customers in a more specialised and customer oriented environment. The office also incorporates a Shareshop together with an ATM and a self service foreign money exchanger in an adjacent office.

The Valletta office was officially inaugurated by HSBC's Chairman, Mr Albert Mizzi, in the presence of HSBC's Chief Executive Officer, Mr Tom Robson. On behalf of HSBC, Mr Mizzi withdrew Lm50 from each cash machine donating the proceeds to Mr Alex Caruana Soler on behalf of the Malta Community Chest Fund.

HSBC's new office, situated at 241/242, Republic Street, will be open everyday Monday to Friday between 8:30am and 1:00pm and 1:30pm to 3:45pm. It is designed to serve customers seeking a wide range of investment and life assurance products, home loans along with share and securities dealing facilities. Cashing facilities for customers wishing to deposit or withdraw cash or exchange foreign currency are also provided.

HSBC's new Shareshop facility is designed to provide customers with a range of securities services including buying and selling of equities, bonds and sicavs in both local and foreign markets and safe custody services for securities. Furthermore, the Shareshop will provide customers with a market valuation of all foreign investment holdings on a twice yearly basis.

"HSBC is building on the innovative concept, successfully started at our Marsascala office, by adding the Shareshop to the Sales office which primarily provides wealth management and home loan products. The office includes a full complement of experienced financial planning and home loans officers and customer services representatives," said Mr Robson.

"Our new sales office is well suited to Valletta which is a major business and residential centre. HSBC customers now have the added convenience of selecting from a wide range of financial services including share and securities services all from the same sales office," concluded Mr Robson.

The Parish Priest of St Domenic Church Valletta, Fr Gatt, blessed the new sales office. Present for the inauguration were Valletta Mayor and members of the business community.

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