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Hang Seng Bank Ltd - Stock Quote 00011

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Morningstar's Hang Seng Bank Ltd Stock Analysis

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Hang Seng Bank’s High Profitability Is Supported by Its Low-Cost Operation

Michael Wu, CAIA Senior Equity Analyst

Business Strategy and Outlook

| Michael Wu, CAIA |

Prudent management, conservative lending policy, and a strong record in risk management saw Hang Seng Bank emerge from previous financial crises unscathed. Unlike its global peers in the 2008 global financial crisis, the bank did not have to raise equity at steep discounts to repair its balance sheet. The bank's efficient, low cost operation is supported by a large deposit base, mainly derived from low-cost and sticky current and savings accounts. This has resulted in high profitability relative to peers, with return on common equity consistently above the bank's cost of equity.

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Hang Seng Bank Ltd's Company Profile

Business Description

Hang Seng Bank is a Hong Kong-based financial institution. Founded in 1933, the bank has a long history in Hong Kong and operates three main segments, consisting retail banking and wealth management, commercial banking, and global banking and markets. The majority of the group's profit is generated in Hong Kong and mainland China. HSBC is a majority shareholder, with a 65% stake in Hang Seng Bank. The former acquired a 50% stake in 1965, and has subsequently increased its shareholding.

83 Des Voeux Road Central
Hong kong, Hong Kong
T +852 21981111
Industry Banks - Regional
Most Recent Earnings
Fiscal Year End Dec 31, 2022
Stock Type
Employees 9,331