Asia300

Hang Seng Bank Ltd.

Hong Kong

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 158.1
Mar 23, 2017
Market cap:
Market cap(USD):
302,262.35M
38,916.15M
Shares: 1,911.84M

Currency in HKD

Company profile

Market(Ticker): HKG(11)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 9,708

Business summary

Hang Seng Bank Ltd. provides commercial banking and related financial services. It operates through the following business segments: Hong Kong and Other Business and Mainland China Business. The Hong Kong and Other Business segment consists of the following activities: Retail Banking and Wealth Management, Corporate and Commercial Banking, Treasury and Other. The Retail Banking and Wealth Management activities includes a broad range of products and services to meet the personal banking, consumer lending and wealth management needs of individual customers. Its personal banking products include current and savings accounts, mortgages and personal loans, credit cards, insurance and wealth management. The Corporate and Commercial Banking activities include the provision of financial services, payments and cash management, international trade finance, insurance, wealth management and tailored financial solutions to corporate and commercial customers. The Treasury activities include the provision of treasury operation services in credit, interest rates, foreign exchange, money markets and securities services. It also manages the funding and liquidity positions of the Group and other market risk positions arising from banking activities. The Other activities represent the management of shareholders' funds and investments in premises, investment properties and equity shares and subordinated debt funding. The Mainland China Business segment comprises the business of Hang Seng Bank (China) Ltd. The company was founded by Sin Hang Ho in 1933 and is headquartered in Hong Kong.

Company background

Hang Seng Bank is a major local bank in Hong Kong and a member of the U.K.'s HSBC group.

Hang Seng has a strong presence in Hong Kong's retail banking sector, with more than 240 branches and numerous ATMs set up at MTR stations and shopping malls. More than half of Hong Kong's adult population is said to have an account at Hang Seng Bank.

The bank established a subsidiary in mainland China in 2007 and operates some 50 branches in such cities as Shanghai and Beijing. It plans to focus on selling financial products, such as investment trusts and insurance.

Hang Seng Bank started as a money exchanger in 1933 and was once the largest Chinese-capitalized bank in Hong Kong. But the plunge of the real estate and stock markets in Hong Kong in 1965 triggered a run on the bank. As a result, it eventually went under Hong Kong and Shanghai Banking Corp. umbrella.

Currently, Hong Kong and Shanghai Banking Corp. owns roughly 60% of Hang Seng Bank. The two entities work together closely in many ways, such as sharing ATMs.

The Hang Seng Index, introduced in 1969, is considered Hong Kong's benchmark stock index.

Hang Seng Bank Vice-Chairman and CEO Rose Lee Wai-mun has held key posts at HSBC's Hong Kong division.

In the news

Financial highlights

Dec 2016

  • Local currency
  • US Dollar
Revenue 50,587M
Gross profit --
Operating income 19,047M
Income before tax 19,090M
Net income 15,866M
EBITDA --
Diluted EPS 8.3
Dividends per share 6.1
Total assets 1,377.24B
Total liabilities 1,243.53B
Total equity 133,645M
Operating cash flow 26,469M

Currency in HKD

Revenue 6,516.87M
Gross profit --
Operating income 2,453.73M
Income before tax 2,459.27M
Net income 2,043.94M
EBITDA --
Diluted EPS 1.06
Dividends per share 0.78
Total assets 177,636.44M
Total liabilities 160,391.19M
Total equity 17,237.50M
Operating cash flow 3,409.87M

Currency in USD

Valuation measures

Dec 2016

PER 17.38
ROA 1.17%
ROE 11.81%
Operating margin 37.65%
Profit margin 31.36%

Key executive

  • Vice Chairman & Chief Executive Officer: Wai Mun Lee
  • Chief Financial Officer: Wing Lok Leung
  • Head-Retail Banking & Wealth Management: Margaret Kwan
  • Head-Commercial Banking: Yin Shing Lam
  • Executive Director, Head-Global Banking & Markets: Andrew Fung

Share holders

  • HSBC Holdings Plc(62.1%)
  • The Vanguard Group, Inc.(0.8%)
  • BlackRock Fund Advisors(0.8%)
  • Norges Bank Investment Management(0.5%)
  • Hang Seng Investment Management Ltd.(0.4%)
  • State Street Global Advisors Asia Ltd.(0.4%)
  • APG Asset Management NV(0.2%)
  • BlackRock Advisors (UK) Ltd.(0.1%)
  • Capital Research & Management Co. (Global Investors)(0.1%)
  • Eastspring Investments (Hong Kong) Ltd.(0.1%)

Address

  • Website: http://www.hangseng.com
  • Address: 83 Des Voeux Road Central, Level 6, Hong Kong, Hong Kong
  • Phone: +852.2198.1111

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