In its latest financial report, Hang Seng Bank has demonstrated robust financial health despite a challenging year. The bank reported a 3% increase in profit attributable to shareholders for the full year of 2024, reaching HK$18.38 billion. This growth was complemented by an earnings per share (EPS) of HK$9.33, marking a 4% rise from the previous year. Total dividends for 2024 also saw a modest increase of 4.6%, totaling HK$6.8 per share. Diana Cesar, the executive director and CEO of Hang Seng Bank, highlighted the institution's strategic focus on diversifying revenue streams and expanding its customer base as key factors contributing to this performance.

The past year presented numerous challenges, including geopolitical tensions and macroeconomic uncertainties. Despite these obstacles, Hang Seng Bank managed to deliver impressive results. Operating profit surged by 8% year-over-year (YoY), reaching HK$21.56 billion. Profit before tax witnessed a significant boost, increasing by more than HK$900 million. These gains were driven by a 26% jump in non-interest income, which climbed to HK$10.75 billion. However, net interest income experienced a slight decline of 5%, settling at HK$30.78 billion, with the net interest margin narrowing by 10 basis points to 2.2%.

Cesar emphasized that the bank adopted a proactive stance in mitigating risks within its portfolio. This approach not only ensured continued growth but also bolstered the bank's capital position. As of December 31, 2024, Hang Seng Bank maintained a common equity tier 1 (CET1) capital ratio of 17.7%, a tier 1 capital ratio of 19.4%, and a total capital ratio of 20.8%. These figures underscore the bank's solid financial foundation and resilience against market volatility.

Looking ahead to 2025, Hang Seng Bank anticipates ongoing economic uncertainties. The institution plans to navigate this landscape through a prudent and forward-looking risk management strategy. By staying agile and focused on sustainable growth, Hang Seng Bank aims to maintain its strong performance and continue delivering value to its stakeholders.