Home Business BOCHK (02388.HK) profit attributable to shareholders in the first half of the year decreased by 17.3% to HK$12.576 billion interim dividend of HK$0.447

BOCHK (02388.HK) profit attributable to shareholders in the first half of the year decreased by 17.3% to HK$12.576 billion interim dividend of HK$0.447

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Glonghui August 30丨Bank of China Hong Kong(02388.HK) Interim announcementPerformance, In the first half of 2021, the new crown pneumoniainterest rateThe environment continues, and the business environment remains complex and severe,BankThe operating income of the industry is under pressure.During the period, the Group’s net operating income before devaluation provisions was HK$25.05 billion, a year-on-year decrease of HK$3.693 billion or 12.8%. This was mainly affected by the market.interest rateAs a result of the decline, net interest income fell year-on-year. However, the Group actively responded to the challenges of the market environment, grasped the good investment market sentiment at the beginning of the year, and continued to improve its comprehensive service capabilities, which led to a year-on-year increase in net service fees and commission income, offsetting part of the impact of the decline in net interest income.The group actively promotes greenBankA series of measures effectively optimized the allocation of resources and led to a slight decrease in operating expenses. In addition, the net provision for impairment provision decreased, and the net loss from the fair value adjustment of investment properties also decreased. Profit for the period decreased by HK$2.570 billion or 15.9% year-on-year to HK$13.591 billion.shareholderAttributable profit was HK$12.576 billion, a year-on-year decrease of HK$2.633 billion or 17.3%.

Compared with the second half of 2020, the net operating income before impairment allowances decreased by HK$681 million or 2.6%, mainly due to the decrease in net interest income due to the drop in market interest rates. In addition, the increase in net service fee and commission income, the decrease in operating expenses, and the decrease in net loss from the fair value adjustment of investment properties drove the profit for the period to rebound by HK$1.284 billion or 10.4% from the second half of the previous year. The board of directors announced that it will pay an interim dividend of HK$0.447 per share (2020: HK$0.447) to shareholders listed on the company’s register of shareholders on September 21, 2021 (Tuesday) on September 30, 2021 (Thursday).

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In the first half of 2021, net interest income was HK$15.942 billion. The net interest income after including the capital income or cost of the foreign exchange swap contract# was HK$16.254 billion, a year-on-year decrease of 18.0%, mainly due to the narrowing of the net interest margin, part of the decline was offset by the increase in average interest-earning assets.

(Source: Gelonghui)


Article source: Gelonghui

Editor in charge: DF118

Original title: BOCHK (02388.HK) profit attributable to shareholders in the first half of the year decreased by 17.3% to HK$12.576 billion and an interim dividend of HK$0.447

Solemnly declare: The purpose of this information released by Oriental Fortune.com is to spread more information and has nothing to do with this stand.

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