Hang Seng Bank Ltd., the Hong Kong lender majority-owned by HSBC Holdings Plc, said first-half profit rose 8.4 percent after it earned more fee income from its wealth-management unit. Net income ...

Hang Seng Bank Ltd., the Hong Kong-based lender backed by HSBC Holdings Plc, posted a 14 percent increase in full-year profit as fee income advanced and costs related to bad loans dropped.

The majority of the group's profit is generated in Hong Kong and mainland China. HSBC has been its majority shareholder since 1965, with a controlling 62% stake. Hang Seng Bank Ltd has maintained ...

However, since 2022, Hang Seng Bank's profits have been hit by credit costs in a way that didn't happen in the financial crises 25 and 15 years ago. The costs in 2022 and 2023 were related to ...

Hang Seng Bank has made robust progress with its efforts to expand its footprint and offering across the Greater Bay area. Its net profit surged by 58%, reaching HK$17.8 billion ($2.3 billion). A key ...

However, since 2022, Hang Seng Bank's profits have been hit by credit costs in a way that didn't happen in the financial crises 25 and 15 years ago. The costs in 2022 and 2023 were related to ...