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February 08, 2016 3:24 PM ET

Thrifts and Mortgage Finance

Company Overview of The Hong Kong Mortgage Corporation Limited

Company Overview

The Hong Kong Mortgage Corporation Limited, together with its subsidiaries, engages in mortgage business primarily in Hong Kong and Korea. The company offers mortgage insurance and reverse mortgage products; and microfinance products, including micro business start-up, self-employment, and self-enhancement loans. It purchases various mortgages or loans secured on properties or other collateral situated in Hong Kong; and provides medium term note, debt issuance, and retail bond issuance products, as well as mortgage-backed securities. In addition, the company offers premium loan guarantee and insurance services, as well as SME financing guarantee services. The Hong Kong Mortgage Corporation L...

Cosco Tower (High Block)

34th Floor

Grand Millennium Plaza

183 Queen's Road

Central,  

Hong Kong

Founded in 1997

Phone:

852 2536 0000

Fax:

852 2536 0999

Key Executives for The Hong Kong Mortgage Corporation Limited

Chief Executive Officer
Senior Vice President of Finance
Senior Vice President of Operations
Executive Deputy Chairman
Age: 61
Chief Compliance Officer and Counsel
Age: 47
Compensation as of Fiscal Year 2015.

The Hong Kong Mortgage Corporation Limited Key Developments

The Hong Kong Mortgage Corporation Limited Reports Unaudited Consolidated Earnings Results for the First Half of 2015

The Hong Kong Mortgage Corporation Limited reported unaudited consolidated earnings results for the first half of 2015. For the period, the company’s profit after tax was HKD 338 million against HKD 374 million a year ago. Return on shareholders' equity was 7.6% against 8.3% a year ago.

The Hong Kong Mortgage Corporation Limited Reports Audited Consolidated Earnings Results for the Year 2014; Announces Executive Changes

The Hong Kong Mortgage Corporation Limited reported audited consolidated earnings results for the year 2014. For the year, the company's profit after tax was HKD 746 million compared to HKD 983 million a year ago. Return on shareholders' equity was 8.4% compared to 10.4% a year ago. The Financial Secretary appointed Ms. Miranda Kwok, Mr. Lawrence Lam and Mr. George Leung as new Directors. Mr. Chan Kin-por, Mr. Andrew Fung and Mr. Jason Yeung have retired as Directors and have not offered themselves for reappointment.

The Hong Kong Mortgage Corporation Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014

The Hong Kong Mortgage Corporation Limited reported unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, the company reported net interest income of HKD 340,872,000 against HKD 337,427,000 a year ago. Operating income was HKD 585,257,000 against HKD 713,123,000 a year ago. Profit before taxation was HKD 409,960,000 against HKD 552,898,000 a year ago. Profit attributable to equity holders of the company was HKD 374,073,000 against HKD 508,285,000 a year ago. Return on shareholders equity (annualised) was 8.3% against 10.7% a year ago. Return on assets (annualised) was 1.4% against 1.9% a year ago.

Recent Private Companies Transactions

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