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United Kingdom

Hang Seng Bank Ltd (0011.HK)

0011.HK on Hong Kong Stock

201.60HKD
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Latest Key Developments (Source: Significant Developments)

Hang Seng Bank Says FY Attributable Profit Rises 23 Pct To HK$20.02 Billion
Tuesday, 20 Feb 2018 

Feb 20 (Reuters) - Hang Seng Bank Ltd <0011.HK>::FY ATTRIBUTABLE PROFIT UP 23% TO HK$20,018 MILLION.FOURTH INTERIM DIVIDEND OF HK$3.10 PER SHARE.CAPITAL EQUITY TIER 1 CAPITAL RATIO WAS 16.5% AT 31 DECEMBER 2017.FY NET INTEREST INCOME HK$24.58 BILLION VERSUS HK$22.25 BILLION."WITH MAINLAND ECONOMY NOW SETTLING INTO `NEW NORMAL' ERA OF DEVELOPMENT, FORECAST FULL-YEAR GDP GROWTH OF 6.6% FOR 2018".EXPECTS FULL-YEAR GDP GROWTH IN HONG KONG TO SLOW SLIGHTLY TO 2.8% FOR 2018."GROUP MAINTAINS A CAUTIOUS OUTLOOK ON CREDIT ENVIRONMENT".  Full Article

Hong Kong shares end lower after banks lift benchmark rates

* Commercial banks raise lending rates for first time in 12 years