Trade Hang Seng Bank Limited - 0011 CFD

Hang Seng Bank Company profile

About Hang Seng Bank Ltd

Hang Seng Bank Ltd is a company principally engaged in the commercial banking business. The Company operates its business through four segments. The Wealth and Personal Banking segment engages in provision of personal banking, consumer lending, time deposits, mortgages and personal loans, credit cards, insurance and wealth management services. The Commercial Banking segment engages in the 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 provides tailored financial solutions. The Other segment engages in the properties, equity shares investment.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Hang Seng Bank Ltd interest income decreased 20% to HK$28.51B. Net interest income after loan loss provision decreased 13% to HK$20.98B. Net income applicable to common stockholders decreased 17% to HK$13.26B. Net interest income after loan loss provision reflects Global Banking and Markets segment decrease of 32% to HK$2.99B, Net Interest Margin, Total -% decrease of 14% to 1.49%, Net Interest Spread.