Shanghai Commercial Bank Limited, together with its subsidiaries, engages in the provision of banking and related financial products and services. The company offers various deposit services, such as current savings, checking, fixed deposit, call deposit, and student/children savings accounts, as well as payment services, currency exchange, safe deposit boxes, and ATM services; and RMB services, including deposits, cheques, exchange, remittance, and credit cards to individual and corporate clients. It also provides mortgages and loans, such as housing mortgages, government housing schemes, reverse mortgage, personal installment loans, personal tax loans, and shares overdraft facilities to in...
15 Queen’s Road
Founded in 1950
Hong Kong Life Insurance Reportedly To Be Put Up For Sale
Jun 10 16
Hong Kong Life Insurance Limited may reportedly be put up for sale by Asia Insurance Company Limited, Chong Hing Bank Limited, OCBC Wing Hang Bank Limited, Shanghai Commercial Bank Ltd. and Wing Lung Bank Limited. The five owners are working with adviser Nomura Holdings about the future of the company, which may lead to a sale. Great Eastern Holdings is considering bidding for the company.
Shanghai Commercial Bank Ltd. Announces Consolidated Earnings Results for the Year Ended December 31, 2015
Apr 20 16
Shanghai Commercial Bank Ltd. announced consolidated earnings results for the year ended December 31, 2015. For the year, the company reported net interest income of HKD 2,481,118,000 against HKD 2,517,610,000 a year ago. Operating profit was HKD 2,345,700,000 against HKD 2,302,307,000 a year ago. Profit before income tax was HKD 2,380,841,000 against HKD 2,343,251,000 a year ago. Profit for the year was HKD 1,902,335,000 against HKD 1,900,039,000 a year ago. Net cash flows from operating activities was HKD 19,527,446,000 against HKD 1,426,735,000 a year ago. Purchases of properties and equipment was HKD 326,918,000 against HKD 202,771,000 a year ago. Profit attributable to equity holders of the bank was HKD 1,898,585,000 compared to HKD 1,896,373,000 a year ago.
Shanghai Commercial Bank Ltd. Recommends Final Dividend for the Year Ended December 31, 2015
Apr 20 16
Shanghai Commercial Bank Ltd. recommended the payment of a final dividend of HKD 47 for the year ended December 31, 2015 against HKD 47 paid a year ago, per ordinary share totaling HKD 940,000,000 against HKD 940,000,000 paid a year ago. The total dividend is to be proposed at the Annual General Meeting on April 20, 2016.