trending Market Intelligence /marketintelligence/en/news-insights/trending/vLZLc99DmooaO7ZhZDaniw2 content esgSubNav
In This List

BOC Hong Kong posts 9.3% increase in FY'15 net profit

Blog

Banking Essentials Newsletter: 23rd August edition

Blog

Banking Essentials Newsletter: 9th August Edition

Blog

Navigating Industry Level Credit and Market Risks in the Light of Slow Growth and Interest Rate Hikes

Blog

Kensho Launches Word Error Rate Calculator


BOC Hong Kong posts 9.3% increase in FY'15 net profit

BOC Hong Kong(Holdings) Ltd. on March 30 reported a 9.3% year-over-year increasein net profit for 2015.

Profit attributable to equity holders rose to HK$23.97 billionfrom HK$21.93 billion in 2014. Basic EPS also increased year over year toHK$2.27 from HK$2.07.

Net operating income before impairment allowances climbedyear over year to HK$40.94 billion from HK$37.90 billion, while operatingprofit rose year over year to HK$28.18 billion from HK$27.03 billion.

Meanwhile, net interest income for 2015 declined to HK$25.74billion from HK$26.73 billion in 2014. The group's net interest margin dropped21 basis points to 1.46% from 1.67% due to the lower yuan interest rates andhigher deposit costs.

The impaired loan ratio increased to 0.24% at the end of2015 from 0.22% as of Dec. 31, 2014.

The group's common equity Tier 1 capital ratio clocked in at12.83% at the end of 2015, up from 12.30% in 2014. The Tier 1 capital ratioalso rose to 12.89% from 12.38%, while the total capital ratio increased to17.86% from 17.51%.

The board also declared a final dividend of 67.9 Hong Kongcents per share, up from 57.5cents per share in 2014. Together with an interim dividend of 54.5cents, the total dividend for 2015 is HK$1.22 per share, up from the prioryear's total dividend of HK$1.12 per share.

The final dividend is payable June 24 to shareholders ofrecord as of June 16. The final dividend is still subject to shareholders'approval.

BOC Hong Kong is a unit of