BOC HONG KONG(02388) 智通财经·2024-03-28 08:50Core Viewpoint - Bank of China Hong Kong (02388) reported a strong performance for the fiscal year 2023, with significant increases in net operating income and profit attributable to shareholders, driven by effective asset and liability management and favorable market conditions [1][1][1] Financial Performance - The net operating income before impairment provisions reached HKD 65.498 billion, a year-on-year increase of 20.81% [1] - Profit attributable to shareholders was HKD 34.115 billion, up 24.83% year-on-year, with basic earnings per share at HKD 3.095 [1] - The proposed final dividend is HKD 1.145 per share [1] Interest Income and Margin - Net interest income for 2023 was HKD 51.078 billion, while net interest income including foreign exchange swap contracts was HKD 54.487 billion, reflecting a year-on-year increase of 28.8% [1] - Average interest-earning assets grew by HKD 229.847 billion or 7.4% year-on-year [1] - The net interest margin, including foreign exchange swap contracts, was 1.63%, an increase of 27 basis points year-on-year [1] Loan and Deposit Growth - Customer loans increased by 3.3% to HKD 1,702.302 billion, while customer deposits rose by 5.3% to HKD 2,503.841 billion, both exceeding market growth rates [1] - The after-tax profit for the year was HKD 34.857 billion, a year-on-year increase of 28.0% [1] Asset Quality and Capital Ratios - Total assets as of the end of 2023 were HKD 3,868.783 billion, a 5.5% increase from the end of 2022 [1] - The specific classified or impaired loan ratio was 1.05%, indicating asset quality superior to the market average [1] - The cost-to-income ratio was 25.35%, performing better than the market average [1]