Hang Seng Bank announced its performance for the first half of 2024. The net revenue of operating income before deducting expected credit losses variations and other credit impairment allowances was HKD 20.431 billion, an increase of 2% compared with the same period last year. The pretax surplus increased by 3% to HKD 11.307 billion with a 1% increase in surplus attributable to the bank's shareholders, which amounted to HKD 9.893 billion. The earnings per share increased by 1%, to HKD 5.04 per share. Shareholders' equity slightly decreased to HKD 166.32 billion, while the total assets increased from HKD 1,692.094 billion to HKD 1,708.453 billion at the end of last year. The liquidity coverage ratio stood at 262.2%, exceeding the statutory requirement. The bank announced the second interim stock dividend of HKD 1.20 per...Show More

Hang Seng Bank announced its performance for the first half of 2024. The net revenue of operating income before deducting expected credit losses variations and other credit impairment allowances was HKD 20.431 billion, an increase of 2% compared with the same period last year. The pretax surplus increased by 3% to HKD 11.307 billion with a 1% increase in surplus attributable to the bank's shareholders, which amounted to HKD 9.893 billion. The earnings per share increased by 1%, to HKD 5.04 per share. Shareholders' equity slightly decreased to HKD 166.32 billion, while the total assets increased from HKD 1,692.094 billion to HKD 1,708.453 billion at the end of last year. The liquidity coverage ratio stood at 262.2%, exceeding the statutory requirement. The bank announced the second interim stock dividend of HKD 1.20 per share, an increase of 9% compared to the same period last year. The bank has been implementing a five-month automatic share repurchase plan since April 2024 and has repurchased 19,002,600 ordinary shares by the end of June. The board of directors and its committees continue to update their members to maintain a high level of governance. The bank continues to implement various governance measures, including annual reviews of authorization frameworks and reviews of skill and experience indicators for board members.