HSBC Bank Canada recorded net income attributable to common shares for the three months ended 31 March 2009 of C$85 million, a decrease of 52.8 percent compared to C$180 million reported in the same period in 2008, and a decrease of C$30 million, or 26.1 per cent, from C$115 million for the fourth quarter of 2008.
This includes the results of the Consumer Finance business which made a net loss attributable to common shares of C$16 million in the first quarter of 2009 compared to net income attributable to common shares of C$25 million recorded in the same period of 2008 and C$9 million in the fourth quarter of 2008.
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