Summary by Moomoo AI
Hang Seng Bank announced its performance for the first half of 2024. The net operating income, excluding expected credit losses and other credit impairments, was 20.431 billion Hong Kong dollars, an increase of 2% from the same period last year. Pre-tax profit increased by 3% to HKD 11.307 billion, while the surplus attributable to shareholders of the Bank increased by 1% to HKD 9.893 billion. Earnings per share increased by 1% to HKD 5.04 per share. Shareholders' equity decreased slightly to HKD 166.32 billion, while total assets increased from HKD 1,692.094 billion at the end of last year to HKD 1,708.453 billion. The liquidity coverage ratio was 262.2%, higher than the statutory requirement. The Bank announced the second interim dividend of HKD 1.20 per share, a 9% increase from the same period last year...Show More