News

Staff Reporter

, Hong Kong

Published:

3 months ago

181 views

Photo by orderinchaos via Wikimedia Commons. Apart from cropping the photo, no other edits were made. Source: https://commons.wikimedia.org/wiki/File:Hang_Seng_bank_sign_from_Des_Voeux_2011.jpg/ License: https://creativecommons.org/licenses/by-sa/4.0/deed.en

Hang Seng Bank’s profits up 1% to HK$11.3b in H1

Net interest income and net operating income both rose.

Hang Seng Bank’s profit attributable to shareholders inched up 1% to HK$9.89b in the first six months of 2024, its latest financial results showed.

Profit before tax is HK$11.3b in H1, 3% higher compared to H1 2023.

Net interest income rose 2% to HK$15.48m, with net interest margin widening 20 basis points to 2.29% in H1.

Net operating income rose 2%, whilst operating profit jumped 5% over the same period.

A second interim dividend of HK$1.2 per share has been announced. This brings the total dividend to HK$2.4 per share for H1 2024– 9% higher than in H1 2023.

Total capital returns to shareholders– including a HK$3b share buy-back– has risen 80%, to HK$7.6b, according to Hang Seng Bank.

Hang Seng Bank’s CEO and executive director Diana Cesar expressed optimism for the future of Hong Kong.

Follow the link for more news on

Hang Seng Bank

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit