Finance
Hang Seng Bank Ltd.
- 201.40 HKD
- -3.20
- -1.56%
Hong Kong
Apr 18, 2019Ticker
HKG(11)Prev. close
204.60Market cap (HKD)
391,163MMarket cap (USD)
49,860.20MShares
1,911.84M
In the news
- Hong Kong stocks slip amid concerns about US yields and North Korea May 16, 2018
- Hong Kong stocks rise to highest level in almost a month May 10, 2018
- Hong Kong stocks tumble, erasing this year's gains Mar 5, 2018
- Hong Kong shares climb for second straight week Feb 23, 2018
- Nikkei Asia300 Index falls, dragged by Chinese banks, Singapore property developers Feb 20, 2018 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
Hang Seng Bank Ltd. provides commercial banking and related financial services. It operates through the following business segments: Retail Banking and Wealth Management; Commercial Banking; Global Banking and Markets; and Other. The Retail Banking and Wealth Management segment offers a range of products and services to meet the personal banking, consumer lending, and wealth management needs of individual customers. The Commercial Banking segment provides products and services to corporate, commercial and small-medium enterprise, customers including corporate lending, trade and receivable finance, payments and cash management, treasury and foreign exchange, general insurance, key-person insurance, investment services and corporate wealth management. The Global Banking and Markets segment gives tailored financial solutions to major corporate and institutional clients. The Other segment represents the holdings of premises, investment properties, equity shares and subordinated debt funding as well as central support, and functional costs with associated recoveries. The company was founded by Sin Hang Ho in 1933 and is headquartered in Hong Kong.
Financial Highlights
| Dec 2018 | HKD | USD |
| Revenue | 66,063M | 8,429.04M |
| Gross Profit | -- | -- |
| Operating income | 28,054M | 3,579.43M |
| Income before tax | 28,432M | 3,627.66M |
| Net income | 23,863M | 3,044.70M |
| EBITDA | -- | -- |
| Diluted EPS | 12.48 | 1.59 |
| Dividends Per Share | 7.50 | 0.95 |
| Total Assets | 1,571.29B | 200,693.16M |
| Total liabilities | 1,416.17B | 180,879.77M |
| Total equity | 155,101M | 19,810.20M |
| Operating cash flow | 16,687M | 2,129.11M |
| Currency in HKD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 49,859M | 51,764M | 50,587M | 55,632M | 66,063M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 19,487M | 19,473M | 19,047M | 23,557M | 28,054M |
| Income before tax | 18,049M | 30,488M | 19,090M | 23,674M | 28,432M |
| Net income | 15,131M | 27,184M | 15,866M | 19,693M | 23,863M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 7.91 | 14.22 | 8.30 | 10.30 | 12.48 |
| Dividends Per Share | 5.60 | 8.70 | 6.10 | 6.70 | 7.50 |
| Total Assets | 1,263.99B | 1,334.42B | 1,377.24B | 1,478.41B | 1,571.29B |
| Total liabilities | 1,124.79B | 1,199.42B | 1,243.53B | 1,333.32B | 1,416.17B |
| Total equity | 139,193M | 135,000M | 133,645M | 145,049M | 155,101M |
| Operating cash flow | 31,033M | 9,938M | 26,469M | 34,300M | 16,687M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 6,429.53M | 6,677.00M | 6,516.87M | 7,138.88M | 8,429.04M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 2,512.93M | 2,511.81M | 2,453.73M | 3,022.91M | 3,579.43M |
| Income before tax | 2,327.49M | 3,932.62M | 2,459.27M | 3,037.92M | 3,627.66M |
| Net income | 1,951.20M | 3,506.44M | 2,043.94M | 2,527.07M | 3,044.70M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 1.02 | 1.83 | 1.06 | 1.32 | 1.59 |
| Dividends Per Share | 0.72 | 1.12 | 0.78 | 0.85 | 0.95 |
| Total Assets | 162,993.48M | 172,181.04M | 177,636.44M | 189,121.30M | 200,693.16M |
| Total liabilities | 145,044.33M | 154,762.02M | 160,391.19M | 170,560.16M | 180,879.77M |
| Total equity | 17,949.15M | 17,419.01M | 17,237.50M | 18,554.87M | 19,810.20M |
| Operating cash flow | 4,001.84M | 1,281.89M | 3,409.87M | 4,401.48M | 2,129.11M |
Valuation Measures
| Dec 2018 | |
| PER | 14.08 |
| ROA | 1.56% |
| ROE | 15.90% |
| Operating margin | 42.46% |
| Profit margin | 36.12% |
Key executives
- Vice Chairman & Chief Executive Officer: Wai Wan Cheang
- Chief Operating Officer: Eunice Chan
- Chief Financial Officer: Wing Lok Leung
- Head-Regulatory & Compliance: Kay Chun Yip
- Assistant General Manager: Shun Chuen Lau
Shareholders
- HSBC Holdings Plc (62.1%)
- The Vanguard Group, Inc. (1.0%)
- BlackRock Fund Advisors (1.0%)
- Norges Bank Investment Management (0.4%)
- State Street Global Advisors Asia Ltd. (0.3%)
- Capital Research & Management Co. (Global Investors) (0.2%)
- Hang Seng Investment Management Ltd. (0.2%)
- BlackRock Advisors (UK) Ltd. (0.1%)
- APG Asset Management NV (0.1%)
- Geode Capital Management LLC (0.1%)
Contact Details
- Website:http://www.hangseng.com
- Address: 83 Des Voeux Road, Central, Hong Kong, Hong Kong
- Phone: +852.2198.1111
Related Companies
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- Hang Seng (Nominee) Ltd.
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- Hang Seng Bank (Trustee) Ltd. Defined Benefit Scheme
- Hang Seng Investment Services Ltd.
- Hang Seng Bullion Co. Ltd.
- Hang Seng Data Services Ltd.
- Hang Seng Bank Ltd. (Singapore)
- Hang Seng Bank Ltd. (Macau)
- Hang Seng Real Estate Management Ltd.
- Hang Seng Finance Ltd.
- Hang Seng Securities Limited
- Hang Seng Bank Ltd. /San Francisco/
- Hang Seng Bank Ltd. /New York/
- Hang Seng Bank Trustee International Ltd.
- Hang Seng Bank (China) Ltd.
- Hang Seng Life Ltd.
- Hang Seng Insurance Co. Ltd.
- Hang Seng Investment Management Limited
- Hang Seng Indexes Co. Ltd.
Competitors
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Last Updated on 18 Apr, 2019