Dah Sing Banking net falls to HK$2.2bBusiness | 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.