Hang Seng Bank (Hang Seng Bank) Tax Rate % : 12.34% (As of Dec. 2023)

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What is Hang Seng Bank Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Hang Seng Bank's Tax Expense for the six months ended in Dec. 2023 was $144 Mil. Hang Seng Bank's Pre-Tax Income for the six months ended in Dec. 2023 was $1,171 Mil. Therefore, Hang Seng Bank's Tax Rate % for the quarter that ended in Dec. 2023 was 12.34%.

Hang Seng Bank Tax Rate % Historical Data

The historical data trend for Hang Seng Bank's Tax Rate % 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 Tax Rate % Chart

Hang Seng Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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13.85

14.13

14.89

11.81

11.28

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
Tax Rate %	Get a 7-Day Free Trial															14.82	14.07	9.54	10.39	12.34

Hang Seng Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Hang Seng Bank's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	290.276	/	2574.33
	=	11.28 %

Hang Seng Bank's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	144.434	/	1170.837
	=	12.34 %

Hang Seng Bank Tax Rate % Related Terms

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Hang Seng Bank (Hang Seng Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Hang Seng Bank Ltd (OTCPK:HSNGY) » Definitions » Tax Rate %

Traded in Other Exchanges

HSNGF: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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