Hang Seng Bank Ltd.
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- Hong Kong shares retreat as US-China tensions flare Oct 9, 2019 See more articles on Hang Seng Bank Ltd.
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.
Business Summary
Financial Highlights
| Dec 2019 | HKD | USD |
| Revenue | 77,987M | 9,953.41M |
| Gross Profit | -- | -- |
| Operating income | 28,681M | 3,660.53M |
| Income before tax | 28,813M | 3,677.37M |
| Net income | 24,421M | 3,116.83M |
| EBITDA | -- | -- |
| Diluted EPS | 12.77 | 1.63 |
| Dividends Per Share | 8.20 | 1.04 |
| Total Assets | 1,676.99B | 215,225.10M |
| Total liabilities | 1,509.81B | 193,770.11M |
| Total equity | 167,066M | 21,441.25M |
| Operating cash flow | 33,370M | 4,258.98M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 51,764M | 50,587M | 55,632M | 66,063M | 77,987M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 19,473M | 19,047M | 23,557M | 28,054M | 28,681M |
| Income before tax | 30,488M | 19,090M | 23,674M | 28,432M | 28,813M |
| Net income | 27,184M | 15,866M | 19,693M | 23,863M | 24,421M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 14.22 | 8.30 | 10.30 | 12.48 | 12.77 |
| Dividends Per Share | 8.70 | 6.10 | 6.70 | 7.50 | 8.20 |
| Total Assets | 1,334.42B | 1,377.24B | 1,478.41B | 1,571.29B | 1,676.99B |
| Total liabilities | 1,199.42B | 1,243.53B | 1,333.32B | 1,416.17B | 1,509.81B |
| Total equity | 135,000M | 133,645M | 145,049M | 155,101M | 167,066M |
| Operating cash flow | 9,938M | 26,469M | 34,300M | 16,687M | 33,370M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | |
| Revenue | 6,677.00M | 6,516.87M | 7,138.88M | 8,429.04M | 9,953.41M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 2,511.81M | 2,453.73M | 3,022.91M | 3,579.43M | 3,660.53M |
| Income before tax | 3,932.62M | 2,459.27M | 3,037.92M | 3,627.66M | 3,677.37M |
| Net income | 3,506.44M | 2,043.94M | 2,527.07M | 3,044.70M | 3,116.83M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 1.83 | 1.06 | 1.32 | 1.59 | 1.63 |
| Dividends Per Share | 1.12 | 0.78 | 0.85 | 0.95 | 1.04 |
| Total Assets | 172,181.04M | 177,636.44M | 189,121.30M | 200,693.16M | 215,225.10M |
| Total liabilities | 154,762.02M | 160,391.19M | 170,560.16M | 180,879.77M | 193,770.11M |
| Total equity | 17,419.01M | 17,237.50M | 18,554.87M | 19,810.20M | 21,441.25M |
| Operating cash flow | 1,281.89M | 3,409.87M | 4,401.48M | 2,129.11M | 4,258.98M |
Valuation Measures
| Dec 2019 | |
| PER | 12.60 |
| ROA | 1.50% |
| ROE | 15.16% |
| Operating margin | 36.77% |
| Profit margin | 31.31% |
Key executives
- Vice Chairman & Chief Executive Officer: Wai Wan Cheang
- Chief Operating Officer: Eunice Chan
- Chief Financial Officer: Wing Lok Leung
- Executive Director & Head-Retail Banking: Wing Han Kwan
- Head-Commercial Banking: Yin Shing Lam
Shareholders
- HSBC Holdings Plc (62.1%)
- BlackRock Fund Advisors (1.2%)
- The Vanguard Group, Inc. (1.1%)
- Norges Bank Investment Management (0.5%)
- Hang Seng Investment Management Ltd. (0.4%)
- State Street Global Advisors Asia Ltd. (0.4%)
- Geode Capital Management LLC (0.3%)
- BlackRock Advisors (UK) Ltd. (0.2%)
- Capital Research & Management Co. (World Investors) (0.1%)
- JPMorgan Investment Management, Inc. (0.1%)
Contact Details
- Website:http://www.hangseng.com
- Address: 83 Des Voeux Road, Central, Hong Kong, Hong Kong
- Phone: +852.2198.1111
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Competitors
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Last Updated on 28 Oct, 2020
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