大新银行集团(02356) - 2022 - 中期财报

Financial Performance - For the six months ended June 30, 2022, the net interest income increased by 2.9% to HK$2,020,290,000 compared to HK$1,963,383,000 in 2021[8]. - Operating income for the period was HK$2,626,593,000, reflecting a decline of 3.5% from HK$2,721,082,000 in 2021[8]. - Profit before taxation decreased by 4.5% to HK$1,258,083,000, down from HK$1,317,449,000 in 2021[8]. - Profit for the period attributable to shareholders was HK$1,099,336,000, a slight decrease of 1.0% from HK$1,110,409,000 in the previous year[8]. - Basic and diluted earnings per share were HK$0.78, compared to HK$0.79 in 2021[8]. - Total comprehensive income for the period, net of tax, was HK$133,410,000, significantly lower than HK$1,049,321,000 in the previous year[11]. - The group reported a total liabilities figure of HKD 224,603,490 thousand, with a notable portion from customer deposits[164]. - The profit for the period was HKD 1,099,336,000, reflecting a strong performance across various segments[194]. Income Sources - Fee and commission income decreased by 24.9% to HK$481,602,000, down from HK$641,514,000 in the previous year[8]. - Interest income for the six months ended June 30, 2022, was HK$2,696.96 million, up from HK$2,602.33 million in the same period of 2021, representing an increase of approximately 3.6%[37]. - The total interest income from advances and other accounts was HK$2,024.75 million in 2022, slightly up from HK$2,002.22 million in 2021, showing a growth of approximately 1.1%[37]. - Personal banking segment generated net interest income of HKD 857,073,000 and non-interest income of HKD 401,075,000[194]. - Corporate banking segment reported net interest income of HKD 573,873,000 and non-interest income of HKD 95,080,000[194]. - Treasury and global markets segment achieved net interest income of HKD 393,865,000 and non-interest income of HKD 42,719,000[194]. - Overseas banking segment recorded net interest income of HKD 249,147,000 and non-interest income of HKD 55,049,000[194]. Expenses and Losses - Credit impairment losses surged by 160.6% to HK$305,055,000, compared to HK$117,050,000 in the same period last year[8]. - Total operating expenses, including various costs, were reported at HKD 1,390,536,000 for the first half of 2022, compared to HKD 1,451,250,000 in the same period of 2021[55]. - Employee compensation and benefit expenses increased from HKD 976,048,000 in 2021 to HKD 1,020,179,000 in 2022, marking a rise of approximately 4.5%[52]. - The net loss on trading securities increased from HKD 338,000 in 2021 to HKD 4,361,000 in 2022, indicating a decline in trading performance[47]. Assets and Liabilities - Total assets increased to HKD 255,190,381 thousand as of June 30, 2022, up from HKD 248,979,190 thousand at December 31, 2021, representing a growth of 2.5%[12]. - Total liabilities amounted to HKD 224,603,490 thousand, up from HKD 218,167,687 thousand, indicating an increase of 2.0%[12]. - The company's equity attributable to shareholders decreased to HKD 30,586,891 thousand from HKD 30,811,503 thousand, a decline of 0.7%[12]. - Customer deposits reached HKD 197,213,357 thousand, a slight increase from HKD 196,134,565 thousand, reflecting a growth of 0.5%[12]. - Cash and balances with banks rose significantly to HKD 21,233,245 thousand, compared to HKD 12,007,753 thousand in the previous year, marking an increase of 77.1%[12]. Cash Flow - Net cash from operating activities for 2022 was HK$29 million, a significant improvement from a net cash used of HK$1,530.86 million in 2021[21]. - Cash and cash equivalents at the end of the period increased to HK$19,715.61 million in 2022 from HK$16,411.59 million in 2021, marking an increase of about 20.5%[21]. - Net cash used in investing activities was HK$219.66 million in 2022, compared to HK$182.62 million in 2021, indicating a 20.3% increase in cash outflow[21]. - Net cash used in financing activities decreased to HK$512.97 million in 2022 from HK$544.50 million in 2021, reflecting a reduction of approximately 5.8%[21]. Credit Risk and Impairment - New credit impairment allowances net of releases rose significantly from HKD 158,126,000 in 2021 to HKD 335,151,000 in 2022, an increase of about 112.5%[54]. - Credit-impaired loans and advances rose to HKD 1,949,422 thousand, which is 1.41% of total loans and advances, up from 0.97% in the previous year[90]. - The total amount of overdue loans increased to HKD 1,438,577 thousand as of June 30, 2022, which is 1.04% of total loans, compared to 0.56% in the previous year[93]. - The total impairment allowances for loans increased to HKD 1,471,321 thousand as of June 30, 2022, compared to HKD 1,370,947 thousand as of December 31, 2021, reflecting an increase of about 7.34%[90]. Strategic Focus - The group continues to focus on expanding its services in Hong Kong and the Greater Bay Area, aiming for sustainable growth and customer engagement[4]. - The Group's strategy includes segmenting operations into personal banking, corporate banking, treasury and global markets, and overseas banking to optimize performance[188].