Dah Sing Banking net falls to HK$2.2b

Business | 25 Mar 2020 2:54 pm

Dah Sing Banking (2356) said net profit fell by 9.7 percent year-on-year to HK$2.24 billion in 2019.

Net interest income dropped by 2.2 percent to HK$4.07 billion last year from a year before.

The basic earnings per share were HK$1.59. The bank  declared a final dividend of HK$0.35 per share.

Net interest margin dropped by 14 basis points year-on-year to 1.87 percent. Return on average shareholders’ funds fell 1.3 percentage points to 8.5 percent in 2019 from a year before.

Dah Sing said it has not noted any major changes in credit quality, but the trends appear to continue to be negative.

 

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