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11 - Hang Seng Bank News Story

HK$152.8 0.4  0.3%

Last Trade - 9:08am

Sector
Financials
Size
Large Cap
Market Cap £27.11bn
Enterprise Value £22.92bn
Revenue £5.26bn
Position in Universe 58th / 6094

BRIEF-Hang Seng Bank Says FY Profit Attributable HK$16,687 Mln

Tue 23rd February, 2021 6:24am
Feb 23 (Reuters) - Hang Seng Bank Ltd  0011.HK :
    * FY PROFIT BEFORE TAX DOWN BY 33% TO HK$19,414M
    * DECLARED FOURTH INTERIM DIVIDEND OF HK$2.80 PER SHARE
    * AS AT DEC 31, COMMON EQUITY TIER 1 CAPITAL RATIO OF 16.8%
    * FY PROFIT ATTRIBUTABLE DOWN BY 33% TO HK$16,687M
    * FY NET INTEREST INCOME HK$26,906  MLN VS HK$32,255 MLN 
    * ANTICIPATE MAINLAND CHINA ECONOMY WILL DELIVER GROWTH IN
RANGE
OF 6% TO 8% IN 2021 
    * RAYMOND CH'IEN TO RETIRE AS CHAIRMAN FOLLOWING AGM IN MAY
    * "LOW INTEREST RATE ENVIRONMENT WILL CONTINUE TO PUT
PRESSURE ON
NET INTEREST MARGIN, WHICH WILL ALSO PROVIDE CHALLENGES FOR US"
    * INDEPENDENT NON-EXECUTIVE DIRECTOR IRENE LEE WILL BE NEW
CHAIRMAN

Source text for Eikon:  ID:nHKS3MdmrF 
Further company coverage:  0011.HK 

 ((Reuters.Briefs@thomsonreuters.com;))
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