Hang Seng Bank Limited 2017 results - highlights
- Operating profit up 24% to HK$23,547m (HK$19,034m in 2016)
- Profit before tax up 24% to HK$23,674m (HK$19,090m in 2016)
- Attributable profit up 23% to HK$20,018m (HK$16,212m in 2016)
- Operating profit excluding loan impairment charges and other credit risk provisions up 21% to HK$24,589m (HK$20,347m in 2016)
- Return on average ordinary shareholders’ equity of 14.2% (12.1% in 2016)
- Earnings per share up 24% to HK$10.30 per share (HK$8.30 per share in 2016)
- Fourth interim dividend of HK$3.10 per share; total dividends of HK$6.70 per share for 2017 (HK$6.10 per share in 2016)
Common equity tier 1 (‘CET1’) capital ratio of 16.5%, tier 1 (‘T1’) capital ratio of 17.7% and total capital ratio of 20.1% at 31 December 2017. (CET1 capital ratio of 16.6%, T1 capital ratio of 17.9% and total capital ratio of 20.8% at 31 December 2016)
Cost efficiency ratio of 30.5% (33.5% in 2016)
Global transactions: the next frontier
HSBC’s Diane S Reyes explains how improvements in payments technology are benefiting businesses.
Green finance in the slow lane
The world is far short of where it needs to be on sustainable investment, says HSBC’s Daniel Klier.
Pumping up the global economy
Fiscal as well as monetary stimulus is needed to revive slowing growth, says Janet Henry, Global Chief Economist, HSBC.