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Hang Seng Bank (Hang Seng Bank) Credit Losses Provision : $0 Mil (As of Dec. 2023)


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What is Hang Seng Bank Credit Losses Provision?

Hang Seng Bank's credit losses provision for the six months ended in Dec. 2023 was $0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $0 Mil.

Hang Seng Bank Credit Losses Provision Historical Data

The historical data trend for Hang Seng Bank's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Hang Seng Bank Credit Losses Provision Chart

Hang Seng Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Credit Losses Provision
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Hang Seng Bank Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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Hang Seng Bank Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hang Seng Bank (Hang Seng Bank) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hang Seng Bank Ltd (OTCPK:HSNGF) » Definitions » Credit Losses Provision
Comparable Companies
HKSE:02388 HKSE:02016 HKSE:03618 HKSE:09889 HKSE:03698 HKSE:00023 HKSE:06199 HKSE:01551 HKSE:06190 HKSE:09668 NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
HSNGY:USA 00011:Hong Kong HSB:Germany
Address
83 Des Voeux Road Central, Hong kong, HKG
Website
https://www.hangseng.com
Hang Seng Bank is a Hong Kong-based financial institution. Founded in 1933, the bank has a long history in Hong Kong and operates three main segments, retail banking and wealth management, commercial banking, and global banking and markets. The majority of the group's profit is generated in Hong Kong and mainland China. HSBC has been its majority shareholder since 1965, with a controlling 62% stake.

Hang Seng Bank (Hang Seng Bank) Headlines

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