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  • November 26, 2014
  • Last updated: 8:44pm
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Results 1 - 10 of 27 for bank deposits

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  1. Business - Banking & Finance - EARNINGS

    Competition for deposits to weigh on BOCHK

    Posted Aug 30th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Profit rises marginally at the bank amid intense competition from smaller lenders who offer higher interest rates on deposits Scramble for deposits set to weigh on BOCHK Intensified competition for deposits is likely to cast a cloud over returns on lending at BOC Hong Kong (Holdings)- BOCHK- for the rest of the year, the bank's chief executive said ...

  2. Business - Companies - EARNINGS

    Dah Chong Hong posts 13.8pc drop in earnings

    Posted Feb 21st 2014, 01:11am by TIFFANY AP

    ... Hong's cash and bank deposits were HK$2.17 billion, with a net gearing ratio of 36.9 per cent. Sales in Hong Kong and Macau saw a 59.4 per cent surge, boosted by new car models and stronger ...

  3. Business - China Business - EARNINGS

    Soho China banks big increase in net profit

    Posted Mar 07th 2013, 12:00am by Celine Sun

    ... will mainly be concept stores," it said. As of December last year, Soho China had 22.2 billion yuan of cash and bank deposits, and its core net profit margin for last year was 22 per cent. ... Celine Sun celine.sun@scmp.com Mainland property giant reports higher sales and revaluation gains in some investments Soho China banks big increase in net profit Shares of mainland ...

  4. Property - Hong Kong & China - EARNINGS

    Lack of developments a drag on Sino Land's net profit

    Posted Feb 27th 2014, 01:35am by Peggy Sito

    ... was well-positioned to respond to challenges ahead, he said. At the end of December, Sino Land had cash and bank deposits of HK$11.2 billion. After accounting for total borrowings of HK$9.76 billion, it had ... in Wan Chai during the period was a huge success, generating HK$2.8 billion of attributable proceeds to Sino Land, according to Credit Suisse. The bank said it expects development profits booked ...

  5. Business - Companies - EARNINGS

    Hong Kong Jockey Club seeks higher returns from alternative investments

    Posted Sep 16th 2014, 03:23am by Enoch Yiu

    ... investments are properly hedged to make sure the Jockey Club does not bear too high a risk," he said. The city's de facto central bank, the Hong Kong Monetary Authority, has also increased its alternative investments in recent years, including overseas properties and private equity. Traditional investments in bonds and stocks have been providing only modest returns, while bank ...

  6. Business - Banking & Finance - EARNINGS

    HSBC shares rally even as compliance costs bite

    Posted Aug 04th 2014, 10:45pm by DON WEINLAND

    ... difficult to achieve given the size of the bank’s deposit base. “Can you induce growth in a balance sheet with US$1.3 trillion in deposits with these conditions?” Arun Melmane, a London-based ... Don Weinland don.weinland@scmp.com With first-half profit falling to miss market expectations, the bank will look for savings through job cuts and grow its mainland operations HSBC feels ...

  7. Business - Banking & Finance - EARNINGS

    Citic Bank posts flat earnings as peers take flight

    Posted Mar 29th 2013, 12:00am by KANIS LI

    ... net interest margin (NIM), the difference of loan income to funding cost relative to interest-bearing assets, is in compression because of competition for loans and deposits among banks. Citic ... assets this year. Total assets grew 7 per cent, and deposits grew 14.5 per cent last year. Net profit at Hong Kong subsidiary China Citic Bank International, by contrast, jumped 10.4 per cent ...

  8. Business - Banking & Finance - EARNINGS

    Wing Hang Bank net falls but beats forecasts

    Posted Aug 15th 2013, 03:38pm by KANIS LI

    ... margin (NIM), a measure of profitability based on the spread between interest that banks earn on loans and what they pay on deposits, rose 2 basis points to 1.69 per cent from a year earlier ... Vickers analyst Alexander Lee said Wing Hang had set its price high because its deposit base was bigger than Chong Hing and Dah Sing Bank. "Buyers who want a stronger deposit franchise may ...

  9. Business - Banking & Finance - EARNINGS

    China Construction Bank braces for rise in bad loans

    Posted Aug 27th 2013, 12:00am by JANE CAI, Jeanny Yu

    ... to interbank deposits in the near future, instead of corporate or personal deposits in banks. CCB's chief risk officer, Zeng Jianhua, said in Hong Kong yesterday that the People's Bank ... CDs by the People's Bank of China would have a much smaller impact on lenders' bottom lines than CDs on corporate deposits, although it would be regarded as a step forward towards ...

  10. Business - Banking & Finance - EARNINGS

    Hang Seng net rises to beat forecasts

    Posted Aug 06th 2013, 12:00am by Enoch Yiu

    ... fee income and lower bad debt charges. The bank, however, saw a 35 per cent drop in operating profit on the mainland and had to pay more to get deposits in Hong Kong and the mainland. Chief executive Rose Lee Wai-mun said the bank had to pay high interest rates to secure deposits during the mainland credit crunch in June. This led to a 22 per cent drop in net interest income ...




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