HSBC Bank Canada Q1 net income 55 mln cad vs 47 mln

LONDON (AFX) - HSBC Bank Canada said it posted net income for the first quarter of 2001 of 55 mln cad compared to 47 mln a year earlier.	    Return on equity for the first quarter was 16.3 pct, compared to 18.9 pct a year earlier, the company added.	    Net interest income for the first quarter was 175 mln cad, compared to 152 mln a year earlier. 	    The provision for credit losses was 13 mln cad for the first quarter of 2001, compared to 11 mln cad. 	    The company paid a dividend of 39.0625 cents per share for the quarter. 

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