Hang Seng Bank Limited 2016 results - highlights

  • Operating profit excluding loan impairment charges and other credit risk provisions down 1% to HK$20,347m (HK$20,547m in 2015)
  • Operating profit down 2% to HK$19,034m (HK$19,439m in 2015)
  • Profit before tax down 37% to HK$19,090m (HK$30,488m in 2015). Excluding the gain on partial disposal of Industrial Bank* in 2015, profit before tax down 4%
  • Attributable profit down 41% to HK$16,212m (HK$27,494m in 2015). Excluding the gain on partial disposal of Industrial Bank* in 2015, attributable profit down 4%
  • Return on average ordinary shareholders’ equity of 12.1% (20.7% in 2015). Excluding the gain on partial disposal of Industrial Bank* in 2015, return on average ordinary shareholders’ equity of 12.6% for 2015
  • Earnings per share down 42% to HK$8.30 per share (HK$14.22 per share in 2015). Excluding the gain on partial disposal of Industrial Bank* in 2015, earnings per share down 4%
  • Fourth interim dividend of HK$2.80 per share; total dividends of HK$6.10 per share for 2016 (HK$5.70 per share in 2015, excluding the special interim dividend of HK$3.00 per share that was issued in 2015)
  • Common equity tier 1 (‘CET1’) capital ratio of 16.6%, tier 1 (‘T1’) capital ratio of 17.9% and total capital ratio of 20.8% at 31 December 2016. (CET1 capital ratio of 17.7%, T1 capital ratio of 19.1% and total capital ratio of 22.1% at 31 December 2015.)
  • Cost efficiency ratio of 33.5% (33.8% in 2015)

*Partial disposal of shareholding in Industrial Bank Co., Ltd. (‘Industrial Bank’) in 2015.

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