Hang Seng Bank Limited 2015 results - highlights
Profit before tax up 69% to HK$30,488m (HK$18,049m in 2014).
Attributable profit up 82% to HK$27,494m (HK$15,131m in 2014).
Return on average ordinary shareholders’ equity of 20.7% (13.4% in 2014).
Earnings per share up 80% to HK$14.22 per share (HK$7.91 per share in 2014).
Total assets up 6% to HK$1,334bn (HK$1,264bn at 31 December 2014).
Fourth interim dividend of HK$2.40 per share and a special interim dividend of HK$3.00 per share; total dividends of HK$8.70 per share for 2015 (HK$5.60 per share in 2014).
Common equity tier 1 (‘CET1’) capital ratio of 17.7%, tier 1 (‘T1’) capital ratio of 19.1% and total capital ratio of 22.1% at 31 December 2015. (Both CET1 and T1 capital ratios of 15.6% and total capital ratio of 15.7% at 31 December 2014.)
Cost efficiency ratio of 33.8% (31.8% in 2014).
Reported results for 2015 include a gain on partial disposal of the ordinary shares of Industrial Bank of HK$10,636m (details of the transaction are shown on page 64) and dividend of HK$119m (HK$107m after tax). Reported results for 2014 include an impairment loss of HK$2,103m on the bank’s investment in Industrial Bank and dividend of HK$1,190m (HK$1,071m after tax). Figures quoted as ‘excluding the financial impact of Industrial Bank-related items in both years’ have been adjusted for the above item.
Excluding the financial impact of Industrial Bank-related items in both years:
Attributable profit of HK$16,751m (HK$16,163m in 2014).
Return on average ordinary shareholders’ equity of 13.8% (14.3% in 2014).
Earnings per share of HK$8.60 per share (HK$8.45 per share in 2014).
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