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.
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