DAHSING BANKING(HK:02356) Ge Long Hui·2025-08-20 04:19Core Viewpoint - Dah Sing Bank Group reported a solid interim performance for the first half of 2025, with a net profit attributable to shareholders of HKD 1.579 billion, representing a year-on-year increase of 13.1% [1] Financial Performance - The basic earnings per share for the first half of 2025 was HKD 1.12, with an interim dividend proposed at HKD 0.31 per share [1] - Net interest income increased by 9% year-on-year, primarily due to a faster decline in funding costs compared to asset yields amid downward pressure on Hong Kong interbank offered rates since May [1] - The net interest margin widened by 23 basis points to 2.32% compared to the same period last year, reflecting prudent cost management [1] - The loan-to-deposit ratio slightly increased from 67.2% at the end of 2024 to 67.8%, aligning with moderate loan growth and disciplined deposit cost management [1] Non-Interest Income - Non-interest income saw a strong growth of 36%, driven by a 20% increase in net service fees and commissions, as well as a combined increase of 102% in net trading income and other operating income [1] Overall Performance - The overall performance remained robust due to high net interest margins and strong service and trading income, although some growth was offset by increased operating expenses and credit impairment losses [1] - The profit attributable to shareholders increased by 13% to approximately HKD 1.6 billion, with HKD 44.3 billion coming from the positive contribution of Chongqing Bank [1]