Hang Seng Bank Ltd.

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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: Wealth and Personal Banking, Commercial Banking, Global Banking and Markets, and Other. The Wealth and Personal Banking 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-to-medium sized enterprises customers. 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 2021	HKD	USD
Revenue	56,848M	7,313.67M
Gross Profit	--	--
Operating income	16,295M	2,096.40M
Income before tax	16,385M	2,107.98M
Net income	13,257M	1,705.55M
EBITDA	--	--
Diluted EPS	6.93	0.89
Dividends Per Share	5.10	0.65
Total Assets	1,820.18B	233,467.80M
Total liabilities	1,647.51B	211,319.86M
Total equity	172,588M	22,137.16M
Operating cash flow	40,426M	5,200.93M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	55,632M	66,063M	77,987M	65,224M	56,848M
Gross Profit	--	--	--	--	--
Operating income	23,557M	28,054M	28,681M	19,784M	16,295M
Income before tax	23,674M	28,432M	28,813M	19,414M	16,385M
Net income	19,693M	23,863M	24,421M	15,987M	13,257M
EBITDA	--	--	--	--	--
Diluted EPS	10.30	12.48	12.77	8.36	6.93
Dividends Per Share	6.70	7.50	8.20	5.50	5.10
Total Assets	1,478.41B	1,571.29B	1,676.99B	1,759.78B	1,820.18B
Total liabilities	1,333.32B	1,416.17B	1,509.81B	1,588.33B	1,647.51B
Total equity	145,049M	155,101M	167,066M	171,356M	172,588M
Operating cash flow	34,300M	16,687M	33,370M	14,169M	40,426M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	7,138.88M	8,429.04M	9,953.41M	8,409.49M	7,313.67M
Gross Profit	--	--	--	--	--
Operating income	3,022.91M	3,579.43M	3,660.53M	2,550.80M	2,096.40M
Income before tax	3,037.92M	3,627.66M	3,677.37M	2,503.09M	2,107.98M
Net income	2,527.07M	3,044.70M	3,116.83M	2,061.24M	1,705.55M
EBITDA	--	--	--	--	--
Diluted EPS	1.32	1.59	1.63	1.07	0.89
Dividends Per Share	0.85	0.95	1.04	0.70	0.65
Total Assets	189,121.30M	200,693.16M	215,225.10M	226,956.55M	233,467.80M
Total liabilities	170,560.16M	180,879.77M	193,770.11M	204,844.82M	211,319.86M
Total equity	18,554.87M	19,810.20M	21,441.25M	22,099.47M	22,137.16M
Operating cash flow	4,401.48M	2,129.11M	4,258.98M	1,826.84M	5,200.93M

Valuation Measures

Dec 2021
PER	20.57
ROA	0.74%
ROE	7.70%
Operating margin	28.66%
Profit margin	23.32%

Key executives

Chief Executive Officer & Executive Director: Diana Ferreira Cesar
Chief Operating Officer: Eunice Chan
Chief Operating Officer: Wai Man Chiu
Chief Financial Officer & Executive Director: Say Pin Saw
Chief Compliance Officer: Hing Keung Tsang

Shareholders

HSBC Holdings Plc (62.1%)
BlackRock Fund Advisors (1.1%)
The Vanguard Group, Inc. (0.9%)
Geode Capital Management LLC (0.4%)
State Street Global Advisors Asia Ltd. (0.4%)
Norges Bank Investment Management (0.3%)
BlackRock Advisors (UK) Ltd. (0.2%)
Capital Research & Management Co. (Global Investors) (0.2%)
APG Asset Management NV (0.2%)
Capital Research & Management Co. (World Investors) (0.2%)

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

Last Updated on 26 Jan, 2023