2023 RESULTS IN BRIEF
For the Year
Profit attributable to shareholders
17,848 HK$m
2022 (restated) 11,286 HK$m
Profit before tax
20,105 HK$m
2022 (restated) 12,781 HK$m
Operating profit
19,946 HK$m
2022 (restated) 12,899 HK$m
Net operating income before change in expected credit losses and other credit impairment charges
40,822 HK$m
2022 (restated) 34,399 HK$m
Return on average ordinary shareholders’ equity
11.3%
2022 (restated) 7.2%
Cost efficiency ratio1
35.8%
2022 (restated) 40.1%
Earnings per share
8.97 HK$
2022 (restated) 5.53 HK$
Dividends per share
6.50 HK$
2022 4.10 HK$
At Year-end (at 31 December)
Shareholders’ equity
168,131 HK$m
2022 (restated) 159,933 HK$m
Total assets
1,692,094 HK$m
2022 (restated) 1,854,446 HK$m
Capital ratios
Common Equity Tier 1 ('CET1') Capital Ratio
18.1%
2022 15.2%
Tier 1 Capital Ratio
19.9%
2022 16.8%
Total Capital Ratio
21.4%
2022 18.1%
Liquidity ratios
Liquidity Coverage Ratio
260.7%
2022 281.3%
Net Stable Funding Ratio
168.4%
2022 163.8%
1Cost efficiency ratio is operating expenses divided by net operating income before change in expected credit losses and other credit impairment charges.
