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  • November 28, 2014
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  1. Wealth products propel Hang Seng Bank

    Posted Aug 05th 2003, 12:00am by Raymond Ma

    ... analysts. 'All round, it's quite good,' said DBS Vickers Securities banking analyst Tony Liu. 'The margin contraction wasn't severe, and non-interest income growth was strong. They were the major reasons.' An expected decline of $233 million in net interest income due to falling mortgage yields was offset by a surprise $229 million boost in other operating ...

  2. HSBC looking at China's HK firms

    Posted Aug 29th 2003, 12:00am by Raymond Ma

    ... cent of the its income. With the new trade agreement between the mainland and Hong Kong in effect, the bank also expects lending to local small and medium-sized enterprises (SMEs) operating ... on,' said Ms Leung. While lending has traditionally been a strong source of income for HSBC's commercial banking unit, Ms Leung said it would focus on growing non-funded income, which grew ...

  3. BEA boosts earnings 5.1pc on tighter lending

    Posted Aug 02nd 2003, 12:00am by Raymond Ma

    ... of last year. The bank's cost-to-income ratio fell to 48.6 per cent in the first half from 52 per cent a year earlier. Chairman and chief executive David Li Kwok-po said the bank would ... time.' Net interest income fell by 2.3 per cent to $1.78 billion from $1.82 billion in the first half of last year while net interest margins contracted by 12 basis points to 2.01 per cent. Mr ...

  4. IBA net profit plummets 45pc

    Posted Aug 01st 2003, 12:00am by Raymond Ma

    ... The bank blames Sars for the fall in its interest income and the $62m write-off International Bank of Asia (IBA) yesterday kicked off this year's interim reporting season for banks ... to $52.38 million in the first half from $96.27 million last year, led by a 19.6 per cent drop in net interest income. 'Sars and the general economic malaise did affect income. Net interest ...

  5. Bank earnings fall 8.7pc in first half

    Posted Sep 16th 2003, 12:00am by Raymond Ma

    ... to 1.97 per cent from 2.11 per cent previously. Excluding the effect of property revaluations, aggregate pre-tax operating income at retail banks fell by a mere 2.5 per cent. 'The effect ... partly offset the effects of higher bad-debt provisions and lower net interest margins.' Non-interest income accounted for 31 per cent of interim operating income, up from 28 per cent ...

  6. Wing Lung Bank increases dividend amid flat growth

    Posted Aug 21st 2003, 12:00am by Raymond Ma

    ... $384.82 million a year ago as net interest income dipped 5.6 per cent. 'Net interest income fell because of weak loan demand and also due to lower returns on free funds,' executive ... in net interest income was more than offset by a strong $43.2 million growth in non-interest income, boosted by an increase of $16.8 million, or 48 per cent growth, in its insurance business. ...

  7. Higher salary cap for MPF proposed

    Posted Nov 12th 2006, 12:00am by Quinton Chan, Raymond Ma

    ... when the scheme was launched. The Financial Services and the Treasury Bureau said it would study the authority's report. 'It should be noted that any revision to the relevant income ... A spokesman for the Mandatory Provident Fund Authority said it was required to review at least once a year the income bracket under which employees pay into the scheme. Advisory committee chairman ...

  8. Bank plans expansion after 23pc profit rise

    Posted Aug 13th 2003, 12:00am by Raymond Ma

    ... with a substantial part of the increase coming from currency trading gains on the back of a strong euro. The bank attributed a modest 2.8 per cent growth in net interest income to a 9.7 per cent rise in its ... to $163.49 million, compared with $136.11 million a year earlier. Mr Li said about half of that was related to mortgages on properties that had declined in value. The bank's net interest income ...

  9. Single parents protest over welfare plan

    Posted May 08th 2005, 12:00am by Raymond Ma

    ... standards. Unstable income and job insecurity were cited as main reasons for the fall in Hong Kong's birth rate. Half the respondents held the government responsible for both. Additional ...

  10. Foreign banks advised to hasten M&A deals to reap Cepa benefits

    Posted Sep 10th 2003, 12:00am by Raymond Ma

    ... traditionally held by smaller rivals, the restricted licence banks (RLBs). As a result, net income at 25 surveyed RLBs fell by 62.8 per cent to just HK$958 million last year, from $2.57 billion in 2001. Ms Xuereb said income at RLBs was expected to continue dropping amid intensifying competition, especially from their larger, fully-licensed banking cousins. To survive, the smaller banks must ...




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