Summary by Futu AI
Hang Seng Bank announces 2023 results with strong growth. In a volatile economic environment, Hang Seng Bank implemented growth, innovation and sustainability strategies. Shareholder earnings rose by 58% year-on-year to HK$178.48 billion; earnings per share rose 62% to HK$8.97. Net interest income grew 26% and the net interest rate expanded 55 basis points. Executive Director and Chief Executive Officer Shih Ying-yan stated that the Bank is prepared to maintain its business performance and will continue to support its customers and the development of the Greater Bay Area. Hang Seng Bank is also actively involved in the development of fintech and launched a RMB counter during the year, cementing its position as an offshore RMB hub. In addition, the Board of Directors declared a fourth interim dividend of HK$3.20 per share and a total annual dividend of HK$6.50, up 59% from last year.