Hang Seng Bank Ltd

Common Name

Hang Seng Bank

Country

Hong Kong

Sector

Financial Services

Industry

Banks - Regional

Employees

8,143

Ticker

Exchange

HONG KONG EXCHANGES AND CLEARING LTD

Website

www.hangseng.com

Description

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in... Show more

Financial Statements of Hang Seng Bank

Below are the financial statements of Hang Seng Bank, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of HKD	2024	2023
Interest income	61,277^a	59,439^a
Interest expense	-30,493^a	-27,144^a
Net interest income	30,784^a	32,295^a
Fee income	8,248^a	7,829^a
Fee expense	-2,932^a	-2,909^a
Net fee income	5,316^a	4,920^a
Net income/(loss) from financial instruments measured at fair value through profit or loss	7,681^a	11,330^a
Gains less losses from financial investments	53^a	-3^a
Dividend income	207^a	253^a
Insurance finance income/(expenses)	-5,559^a	-10,805^a
Insurance service results	2,271^a	2,049^a
Insurance revenue	3,377^a	2,913^a
Insurance service expense	-1,106^a	-864^a
Other operating income/(loss)	784^a	783^a
Net operating income before change in expected credit losses and other credit impairment charges	41,537^a	40,822^a
Change in expected credit losses and other credit impairment charges	-4,773^a	-6,248^a
Net operating income	36,764^a	34,574^a
Employee compensation and benefits	-5,918^a	-5,795^a
General and administrative expenses	-6,142^a	-5,980^a
Depreciation expenses	-1,963^a	-1,915^a
Amortisation of intangible assets	-1,170^a	-934^a
Operating expenses	-15,193^a	-14,624^a
Impairment loss on intangible assets	-13^a	-4^a
Operating profit	21,558^a	19,946^a
Net surplus/(deficit) on property revaluation	-583^a	-34^a
Share of profits/(losses) of associate	39^a	193^a
Profit before tax	21,014^a	20,105^a
Tax expense	-2,645^a	-2,267^a
Profit for the year	18,369^a	17,838^a
Profit attributable to	—	—
Shareholders of the Bank	18,379^a	17,848^a
Non-controlling interests	-10^a	-10^a

Verified Sources Behind Hang Seng Bank’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Hang Seng Bank’s data sources below and access millions more through our Disclosure Search.

a. Hang Seng Bank's Annual Report 2024

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Hang Seng Bank Ltd

Financial Statements of Hang Seng Bank

Verified Sources Behind Hang Seng Bank’s Financial Fundamentals Data

Access Standardized Financial Statements within Minutes of Disclosure

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