HKMC s Model in Enhancing Risk Management
|
|
- Conrad Harrison
- 6 years ago
- Views:
Transcription
1 Hong Kong Showcase on Islamic Finance HKMC s Model in Enhancing Risk Management James H. Lau Jr. Chief Executive Officer The Hong Kong Mortgage Corporation Limited
2 Outline of Presentation I. Strategic Roles of the HKMC II. The Mortgage Insurance Programme III. The Asset Purchase Programme IV. The MBS Programmes V. Mortgage Guarantee Programme Offered by the Joint Venture of the HKMC and Cagamas Berhad 2
3 Strategic Roles of HKMC Established in March 1997 by the Hong Kong SAR Government through the Exchange Fund to promote the development of a secondary mortgage market The HKMC performs vital strategic roles for three key sectors in the Hong Kong economy banking, housing and capital markets: enhance monetary and banking stability by acting as a liquidity provider to Authorized Institutions promote home ownership by channeling long-term funds from the capital market to the mortgage market and by the Mortgage Insurance Programme promote development of the MBS and debt capital markets to further enhance Hong Kong s role as an international financial centre 3
4 The Mortgage Insurance Programme MIP 4
5 Mortgage Insurance Programme ( MIP ) The HKMC provides insurance cover to enable banks to lend mortgage loans up to 95% loan-to-value ( LTV ) ratio, 25% above the 70% prudential limit set by the HKMA MIP enables home buyers to buy their homes with as little as 5% down payment helpful especially to first-time buyers The HKMC offloads part of the risk through reinsurance with mortgage reinsurers of good credit rating 5
6 MIP Benefits Benefits for the Regulators / the Banking Sector Capping the credit risk exposure of banks to 70% LTV while allowing interest income from 95% LTV lending Expediting standardisation of loan documentation and underwriting criteria => improving banks lending and risk management practices and facilitating future securitisation Enhancing mortgage loan credit quality (over 90-days delinquency ratio at end-jan 2008: 0.03%) Drives product innovation and diversification, benefiting both primary and secondary property markets 6
7 MIP Benefits (cont d) Benefits to the Economy / the Real Estate Sector Hong Kong s home ownership rate increased from 52% in 1999 to 58% in 2006 MIP Market penetration: 12% in 2007 (7% in 2000) Improved housing affordability contributes to the healthy growth of the real estate sector and the overall economy Faster and sustainable growth of the housing finance industry 7
8 The Asset Purchase Programme 8
9 Asset Purchase Programme Apart from Authorised Institutions, source of Sellers has extended to property developers, Government Housing Agencies and HK SAR Government Diversifying from mortgage assets to other assets, including hire purchase assets Acquiring local as well as overseas assets Developing new forms of purchase, such as RMBS, other than physical purchase of assets The total amount of assets purchased has exceeded HK$90 billion 9
10 The MBS Programmes 10
11 HKMC s MBS Programmes The HKMC has established two MBS Programmes Since October 1999, a total of 14 MBS issues have been made under the two programmes for an aggregated amount of HK$13.2 billion (US$1.7 billion): Guaranteed Pass-Through Programme 8 issues for HK$2.8 billion Bauhinia Programme 6 issues for HK$10.4 billion 11
12 MBS Programmes Benefits Benefits to Banks Releasing capital as MBS with HKMC s guarantee carries a 20% risk-asset weighting The released capital can be re-deployed for other high margin business Offloading the credit risk of mortgage loans Converting illiquid asset into a liquid asset Maintaining customer relationship for cross-selling Opportunity to invest in MBS originated by the HKMC 12
13 Mortgage Guarantee Programme Offered by the Joint Venture of the HKMC and Cagamas Berhad 13
14 Mortgage Guarantee arrangement The HKMC and Cagamas Berhad established a joint venture ( JV ) incorporated in Malaysia to offer guarantee product for conventional and Shariah-compliant mortgage loans JV provides mortgage guarantee to banks in Malaysia, whereby banks will be able to parcel out a portion of their credit risk while retaining the whole mortgage loan portfolio on their balance sheet Possibility to extend business cooperation model to other markets 14
15 Mortgage Guarantee arrangement (cont d) Key Features Guarantee provided on portfolio basis Standardised and centralised guarantee programme offered to banks for both conventional and Islamic residential mortgage loans Guarantee coverage for current loan-to-value ratio between 80% to 90% or possibly up to 95% Guarantee fees paid by banks To adopt risk-based pricing approach 15
Financial Review. The Hong Kong Mortgage Corporation Limited
The Corporation achieved a profit after tax of HK$6.6 million, with the return on shareholder's equity at 13.6%. For the second year, the Corporation declared a dividend of HK$ million. 34 INCOME STATEMENT
More informationPress Release. The Hong Kong Mortgage Corporation Limited
Press Release HK$2,000,000,000 Mortgage-Backed Securities issued under the Bauhinia MBS Limited US$3 Billion Mortgage-Backed Securitisation Programme (HKMC) is pleased to announce today (Tuesday) the launch
More informationKey Statistics of Global Islamic Finance Industry
Treasury Markets Association Workshop on Islamic Finance 18 August 2008 Perspectives on Development of Islamic Finance in Hong Kong Mr. Edmond Lau Executive Director (Monetary Management) Hong Kong Monetary
More informationPress Release. HKMC s Financial Results Highlights for 2017
Press Release HKMC s Financial Results Highlights for 2017 The Hong Kong Mortgage Corporation Limited (HKMC) today (Friday) announced the highlights of its audited financial results for 2017 as follows:
More informationPress Release. HKMC s Financial Results Highlights for 2016
Press Release HKMC s Financial Results Highlights for 2016 The Hong Kong Mortgage Corporation Limited (HKMC) today (Monday) announced the highlights of its audited financial results for 2016 as follows:
More informationThe Case for a China Mortgage Corporation
The Case for a China Mortgage Corporation By Andrew Sheng, Tan Wai Kuen and Chung Chee Leong 1 Prior to the economic reforms in China that began in 1978, all land was publicly owned and the legal status
More informationPresentation for: Workshop on Housing Finance in South Asia Wolrd Bank & International Finance Corporation Jakarta, Indonesia May, 27-29, 2009
PT. SARANA MULTIGRIYA FINANSIAL (Persero) SMF ROLE IN THE HOUSING FINANCE INDUSTRY Presentation for: Workshop on Housing Finance in South Asia Wolrd Bank & International Finance Corporation Jakarta, Indonesia
More informationPress Release. The Hong Kong Mortgage Corporation Limited. Launch of Retail Bond Issue under the HK$20 Billion Retail Bond Issuance Programme
Press Release The Hong Kong Mortgage Corporation Limited Launch of Retail Bond Issue under the HK$20 Billion Retail Bond Issuance Programme The Hong Kong Mortgage Corporation Limited (HKMC) is pleased
More informationInvestor Presentation December 2017 Financial Results
www.publicbankgroup.com Investor Presentation December 2017 Financial Results Income Statement Balance Sheet 2017 2016 Change Total asset RM395.3 bil RM380.1 bil 4.0% Loan: - Group - Domestic Deposit:
More informationGroup Audited Financial Results for the Year Ended 31 December 2008
Group Audited Financial Results for the Year Ended 31 December 2008 Analysts Briefing By Tan Sri Dato Sri Tay Ah Lek Managing Director 20 January 2009 22% Growth in Net Profit to RM2.58 billion RM million
More informationgrowth and diversification Business Overview
16 THE HONG KONG MORTGAGE CORPORATION LIMITED ANNUAL REPORT 2004 Business Overview 2004 was, without doubt, a fruitful year for the HKMC. The Corporation achieved record financial results and at the same
More informationHousing finance agencies in Asia: who benefits?
Housing finance agencies in Asia: who benefits? Michael Davies, Jacob Gyntelberg and Eric Chan 1 Draft - 23 May 2007 Abstract This paper examines the role of government-supported housing finance agencies
More informationCountry Case Presentation - MALAYSIA. Kamilah Mohamad Gemloc Advisory Services Workshop- Debt Market Development June 3, 2011 Rabat, Morocco
Country Case Presentation - MALAYSIA Kamilah Mohamad Gemloc Advisory Services Workshop- Debt Market Development June 3, 2011 Rabat, Morocco Debt Management Policy Government debt management policy involves
More informationBANK RAKYAT AND CAGAMAS SIGN ISLAMIC FINANCING FACILITY ARRANGEMENT
JOINT NEWS RELEASE Kuala Lumpur 28 March 2008 BANK RAKYAT AND CAGAMAS SIGN ISLAMIC FINANCING FACILITY ARRANGEMENT Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat) and Cagamas Berhad (Cagamas) today
More informationCourse 1 Section 13: Types of Mortgages and Sources of Financing Section 13 Part 1
Course 1 Section 13: Types of Mortgages and Sources of Financing Section 13 Part 1 SLIDE 1 COVER PAGE SLIDE 2 TOPICS In this section we will cover the following topics: I. Conventional mortgages II. III.
More informationRHB Investment Bank Berhad Basel II Pillar 3 Quantitative Disclosures. 30 June 2017
RHB Investment Bank Berhad Basel II Pillar 3 Quantitative Disclosures 30 June 2017 Contents Page(s) Statement by Chief Executive Officer 2 Introduction 3 Scope of Application 3 List of Tables Table No
More informationBANK OF SHANGHAI (HONG KONG) LIMITED
For the First six months ended 3 June 217 CONTENTS Pages Introduction 1 Capital Adequacy 1 Composition of Capital 3 Leverage Ratio 13 Overview of Risk-weighted Amount 16 Credit Risk 17 Counterparty Credit
More informationIt is proposed that the adjudication fee be abolished with effect from 1 January 2009.
C2 STAMP DUTY STAMP DUTY RATES Stamp duty is chargeable on certain instruments and documents. The rate of duty varies according to the nature of the instruments/documents and transacted values. Exemption
More informationInterim Disclosure Statement prepared under the Banking (Disclosure) Rules made pursuant to section 60A of the Banking Ordinance
The Hongkong and Shanghai Banking Corporation Limited Interim Disclosure Statement prepared under the Banking (Disclosure) Rules made pursuant to section 60A of the Banking Ordinance Supplementary Notes
More informationMalaysia s Islamic Capital Market (ICM) An Overview
Islamic Finance News Roadshow Sheraton Towers, Singapore 2 April 2008 Malaysia s Islamic Capital Market (ICM) An Overview Nik Ramlah Mahmood Securities Commission Malaysia 1 Malaysia s ICM offers a comprehensive
More informationPUBLIC BANK BERHAD. Wong Jee Seng, Chief Operating Officer Nasaruddin Arshad, Group Economist 30 June 1 July 2009
INVEST MALAYSIA 2009 PUBLIC BANK BERHAD Leong Kwok Nyem, Chief Operating Officer Wong Jee Seng, Chief Operating Officer Nasaruddin Arshad, Group Economist 30 June 1 July 2009 AGENDA Index 1. Operating
More informationInquiry into Regulatory Impediments in the Financial Services Sector Islamic Finance and Opportunities in the Wholesale Market
21 May 2010 Financial Services Inquiry Victorian Competition and Efficiency Commission GPO Box 4379 Melbourne Victoria 3001 Dear Sir/Madam Inquiry into Regulatory Impediments in the Financial Services
More information7th Session: International trends in the regulation of mortgage markets. Masahiro Kobayashi
IUHF 30th World Congress June 27, 2017 7th Session: International trends in the regulation of mortgage markets Masahiro Kobayashi Director General, Research and Survey Department, and Director General,
More informationZeti Akhtar Aziz: Metamorphosis into an international islamic banking and financial hub
Zeti Akhtar Aziz: Metamorphosis into an international islamic banking and financial hub Special address by Dr Zeti Akhtar Aziz, Governor of the Central Bank of Malaysia, at the ASLI s World Islamic Economic
More informationAPRA Basel III Pillar 3 Disclosures
APRA Basel III Pillar 3 Disclosures Quarter ended 31 May 2018 24 July 2018 This report has been prepared by Bank of Queensland Limited (Bank or BOQ) to meet its disclosure requirements under the Australian
More informationCagamas Berhad The National Mortgage Corporation
1 1 Cagamas Berhad The National Mortgage Corporation Secondary Mortgage Markets : Asia Forum 2013, Bangkok Role of Cagamas in the Development of Secondary Mortgage Market in Malaysia Chung Chee Leong President
More informationPage 1 of 23 MALAYSIA BUILDING SOCIETY BERHAD (Company No K) EXPLANATORY NOTES FOR FINANCIAL QUARTER ENDED 31 MARCH 2015
Page 1 of 23 A1. Basis of Preparation The unaudited condensed interim financial statements for the financial quarter ended 31 March 2015 have been prepared under the historical cost convention except for
More informationResearch Paper. Exploration of a market-based solution for sustainable SME financing
Research Paper Exploration of a market-based solution for sustainable SME financing September 2010 Room 2508, 25/F., Admiralty Centre, Tower 1, 18 Harcourt Road, Hong Kong TABLE OF CONTENT INTRODUCTION...1
More informationMemorandum for the Subsidised Housing Committee of the Hong Kong Housing Authority
PAPER NO. SHC 63/2015 Memorandum for the Subsidised Housing Committee of the Hong Kong Housing Authority Income and Asset Limits for the Sale of Home Ownership Scheme Flats 2016 PURPOSE This paper seeks
More informationPrivate Bank. 1 UK Mortgage Products
Private Bank UK Mortgage Products 1 UK Mortgage Products s effective from 27 th July 2018 This product range is only available to Barclays Private Bank clients. This rate sheet is for information only
More informationSecondary Mortgage Market: Thailand
Secondary Market: Thailand Secondary Markets: Asia Forum 2013 Bangkok, Thailand July 31, 2013 Pornnipa Hachaiyaphum President, Secondary Corporation (SMC) Outstanding Loans loans increased at a compound
More informationPUBLIC BANK BERHAD (6463-H) (Incorporated in Malaysia)
A28. Capital Adequacy a) The capital adequacy ratios of the and the below are disclosed pursuant to the requirements of Negara Malaysia's Risk Weighted Capital Adequacy Framework (Basel II) - Disclosure
More informationCIMB BANK BERHAD (13491-P) CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2016
CIMB BANK BERHAD (13491-P) CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 30 JUNE 2016 30 June 2016 31 Dec 2015 30 June 2016 31 Dec 2015 Note Assets Cash and short
More informationInvestor Presentation UBS APAC Financials Conference 2018 Hong Kong May 2018
FORGING A SUSTAINABLE FUTURE UBS APAC Financials Conference 2018 Hong Kong 23-25 May 2018 www.publicbankgroup.com Quick Facts One of the Largest Premier Banks in Malaysia In 1966, Tan Sri Dato Sri Dr.
More informationMBSB BANK UPDATES. By Datuk Seri Ahmad Zaini Othman President and Chief Executive Officer
MBSB BANK UPDATES By Datuk Seri Ahmad Zaini Othman President and Chief Executive Officer CONTENTS 01 1Q18 FINANCIAL HIGHLIGHTS 02 BUILDING UP CAPABILITIES 03 KEY HIGHLIGHTS 04 IMPACT FROM NEW GOVERNMENT
More informationBOCHK achieved 17.7% year-on-year growth in profit attributable to equity holders from continuing operations in the first half
28 August 2018 BOCHK achieved 17.7% year-on-year growth in profit attributable to equity holders from continuing operations in the first half BOC Hong Kong (Holdings) Limited ( the Company, stock code
More informationAsia s strongest brand in banking, banking the world s strongest economies
Credit Suisse Investor Conference Peter Wong, Chief Executive, HSBC Asia-Pacific Asia s strongest brand in banking, banking the world s strongest economies 21 March 2011 www.hsbc.com Forward-looking statements
More informationPublic Bank Group. Presentation to Investors J.P. Morgan Asia Financials Conference Hong Kong March 2011
Public Bank Group Presentation to Investors J.P. Morgan Asia Financials Conference Hong Kong 10-11 March 2011 Disclaimer The materials and information in the presentations and other documents are for informational
More informationAmBank Group Reports Net Profit of RM878.7 million for 9MFY18
Media Release 28 February 2018 AmBank Group Reports Net Profit of RM878.7 million for 9MFY18 AMMB Holdings Berhad (AmBank Group or the Group) today announced the financial results for the 9 months ended
More informationRESPONSE TO THE INTERIM REPORT OF THE FINANCIAL SYSTEM INQUIRY
Chris Dalton, Chief Executive Officer Australian Securitisation Forum 3 Spring Street Sydney NSW 2000 (t) 02 8243 3906 (e) cdalton@securitisation.com.au 26 August 2014 The Chairman Financial System Inquiry
More informationCHINA AND HONG KONG RESIDENTIAL MARKETs overview
CHINA AND HONG KONG RESIDENTIAL MARKETs overview Press Conference by Knight Frank 9 Jun 2015 1 CHINA RESIDENTIAL MARKET Presented by David Ji, Director and Head of Research & Consultancy, Greater China
More informationPROPERTY MARKET PREDICTIONS
2019 PROPERTY MARKET PREDICTIONS INSURANCE INDUSTRY TO BUOY LEASING DEMAND With years in the making, foreign insurance providers will finally be given the green light to conduct business in Myanmar. This
More informationTOTAL EQUITY AND LIABILITIES 506,213, ,766,887 31,222,838 31,258,271
CIMB GROUP HOLDINGS BERHAD (Company Number 50841-W) CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH The Company 31 March 31 December 31 March 31 December
More informationDrexel University Mortgage Seminar
Drexel University Mortgage Seminar September 18, 2013 Today s Topics Condition of the Economy and its Impact on the Mortgage Market Conventional vs. FHA Comparison Tax Deductibility of Private Mortgage
More informationThe Paragon Group of Companies PLC
The Paragon Group of Companies PLC 2 Agenda Section 1 Financial Results Section 2 Strategy and Business Development Results highlights 3 Evolving from a non-bank, securitised, monoline lender to a retail
More informationSECURITISATION: RESIDENTIAL MORTGAGES. 9 September 2009 AUHF
SECURITISATION: RESIDENTIAL MORTGAGES 9 September 2009 AUHF BACKGROUND INFORMATION 2 World wealth $44 trillion of which: 50% property (residential, agricultural, C&I) 30% residential properties Bonds 27%
More informationPillar 3 Capital Adequacy and Risk Disclosures Quarterly Update
Pillar 3 Capital Adequacy and Risk Disclosures Quarterly Update Rabobank Australia Limited ABN 50 001 621 129 AFSL 234 700 www.rabobank.com.au Quarterly Update as at 30 September 2017 Introduction Rabobank
More informationProduct Objective. Guaranteed Period. Lifetime Guaranteed Monthly Annuity Payment 1. No Medical Examination Necessary
Product Objective HKMC Annuity Plan (the Plan ) is underwritten by HKMC Annuity Limited and designed to provide you, as the annuitant, with a steady stream of GUARANTEED monthly annuity payments after
More informationmortgages Helping Landlords - The Mansfield s guide to Buy to Let mortgages
mortgages Helping Landlords - The Mansfield s guide to Buy to Let mortgages Helping Landlords - The Mansfield s guide to Buy to Let mortgages If you re considering becoming a buy to let landlord or looking
More informationHSBC Bank Australia Ltd. Pillar 3 Disclosures. 31 December Consolidated Basis
HSBC Bank Australia Ltd 31 December 2013 Consolidated Basis Contents CONTENTS... 2 1. INTRODUCTION... 3 PURPOSE... 3 BACKGROUND... 3 2. SCOPE OF APPLICATION... 4 3. VERIFICATION... 4 4. HBAU CONTEXT...
More informationChapter 15 Real Estate Financing: Practice
Chapter 15 Real Estate Financing: Practice LECTURE OUTLINE: I. Introduction to the Real Estate Financing Market A. Federal Reserve System 1. Created to help maintain sound credit conditions 2. Helps counteract
More informationBIS Working Papers No 241. Housing finance agencies in Asia. Monetary and Economic Department. by Michael Davies, Jacob Gyntelberg and Eric Chan
BIS Working Papers No 241 Housing finance agencies in Asia by Michael Davies, Jacob Gyntelberg and Eric Chan Monetary and Economic Department December 2007 JEL classification: G150, G180, G210, G280, H810,
More informationA Briefer on NATIONAL HOME MORTGAGE FINANCE CORPORATION. 25 TH CREBA NATIONAL CONVENTION Baguio City October 13, 2016
A Briefer on NATIONAL HOME MORTGAGE FINANCE CORPORATION 25 TH CREBA NATIONAL CONVENTION Baguio City October 13, 2016 Outline I. Mandate II. Programs A. Regular Programs B. Projects in the Pipeline I. MANDATE
More informationFor personal use only APRA BASEL III. Capital Structure 2. Table 3: Capital Adequacy 3. Table 4: Credit Risk 4. Table 5: Securitisation Exposures 6
APRA BASEL III Pillar 3 Disclosures QUARTER ENDED 31 AUGUST 2016 6 October 2016 This report has been prepared by Bank of Queensland Limited (Bank or BOQ) to meet it s disclosure requirements under the
More informationBank of China (Hong Kong) 15 March 2005
Bank of China (Hong Kong) 15 March 2005 Forward-Looking Statement Disclaimer This presentation and subsequent discussions may contain forward- looking statements that involve risks and uncertainties. These
More informationTABLE OF CONTENTS 0.0 EXECUTIVE SUMMARY... 1
TABLE OF CONTENTS 0.0 EXECUTIVE SUMMARY... 1 Gross written premiums across the ten markets amounted to over USD 8 billion in 2014...... 2... within which mortgage-related policies made up three quarters
More informationLesson 13: Applying for a Mortgage Loan
Real Estate Principles of Georgia Lesson 13: Applying for a Mortgage Loan 1 of 64 341 Choosing a Lender Types of lenders Types of lenders include: savings and loans commercial banks savings banks credit
More informationThe Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited for the six months ended 30 June 2015 Contents Page Introduction... 2 1 Basis of preparation... 2 2 Net interest income... 3 3 Net fee income... 3
More informationAPRA Basel III Pillar III Disclosures
APRA Basel III Pillar III Disclosures Quarter ended 31 August 2017 12 October 2017 This report has been prepared by Bank of Queensland Limited (Bank or BOQ) to meet its disclosure requirements under the
More informationInvestor Presentation OSK-DMG ASEAN Corporate Day 2012 Kuala Lumpur 27 June
OSK-DMG ASEAN Corporate Day 2012 Kuala Lumpur 27 June 2012 www.publicbank.com.my Disclaimer 2 The materials and information in the presentations and other documents are for informational purposes only,
More informationLEGAL & GENERAL GROUP PLC risk management supplement
LEGAL & GENERAL GROUP PLC 2017 risk management supplement Supplement contents Within this supplement we set out descriptions of the risks we face, how our risk management framework operates, as well as
More informationTHE UNIVERSITY OF HONG KONG LIBRARIES. Hong Kong Collection. gift frxm Hcng Kong Monetary Authority
THE UNIVERSITY OF HONG KONG LIBRARIES Hong Kong Collection gift frxm Hcng Kong Monetary Authority Fact Sheet 1 HONG KONG MONETARY AUTHORITY THE HKMA's ROLE AND POLICY OBJECTIVES Functions and Objectives
More informationRetail Banking and Wealth Management Investor Update
March 2014 Retail Banking and Wealth Management Investor Update John Flint Chief Executive, RBWM Forward-looking statements This presentation and subsequent discussion may contain certain forward-looking
More informationTradelink Electronic Commerce Limited
Tradelink Electronic Commerce Limited 貿易通電子貿易有限公司 Stock Code : 0536 2011 Annual Results Announcement 1 Corporate Profile Listing Date 28 October 2005 Share Price (@ 27/3/2012) HK$1.19 Issued Shares (@
More informationPress Release. The Premium Loan Insurance Scheme and the Microfinance Scheme
Press Release The Premium Loan Insurance Scheme and the Microfinance Scheme The Hong Kong Mortgage Corporation Limited (HKMC) today (Tuesday) announced that its Board has approved the launch of the Premium
More informationForward-looking Statements
2016 Annual Results Forward-looking Statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations
More informationCONTENTS. Interim Report 2017 BOC Hong Kong (Holdings) Limited
2017 CONTENTS PAGE Financial Highlights 2 Management s Discussion and Analysis 3 Condensed Consolidated Income Statement 35 Condensed Consolidated Statement of Comprehensive Income 36 Condensed Consolidated
More informationISSUES SURROUNDING MANAGEMENT OF TAKAFUL SURPLUS. Sutan Emir Hidayat Senior Lecturer, Islamic Finance University College of Bahrain
ISSUES SURROUNDING MANAGEMENT OF TAKAFUL SURPLUS Sutan Emir Hidayat Senior Lecturer, Islamic Finance University College of Bahrain 1 OBJECTIVES OF THE PRESENTATION To explain the differences in the treatment
More informationHONG LEONG BANK BERHAD (97141-X) (Incorporated in Malaysia)
Condensed Financial Statements Unaudited Statements of Financial Position As At 30 June 2017 ASSETS As at As at As at As at Note Cash and short-term funds 10,823,310 7,473,964 10,199,194 5,657,847 Deposits
More informationAPRA BASEL III PILLAR 3 DISCLOSURES
APRA BASEL III PILLAR 3 DISCLOSURES QUARTER ENDED 31 MAY 2017 1 26 July 2017 This report has been prepared by Bank of Queensland Limited (Bank or BOQ) to meet its disclosure requirements under the Australian
More informationHONG LEONG BANK BERHAD (97141-X) (Incorporated in Malaysia)
Condensed Financial Statements Unaudited Statements of Financial Position As At 30 September 2016 ASSETS As at As at As at As at 30/09/2016 30/06/2016 30/09/2016 30/06/2016 Note Cash and short-term funds
More informationCIMB BANK BERHAD (13491-P) CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2017
CIMB BANK BERHAD (13491-P) CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2017 31 Mar 2017 31 Dec 2016 31 Mar 2017 31 Dec 2016 Note Assets Cash and short
More informationCentre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade Mumbai Phone: /2427 Fax:
Centre One Building, Floor 21, World Trade Centre Complex, Cuffe Parade Mumbai 400 005 Phone: 91-22 22172413/2427 Fax: 91 22 22188076 Website: www.eximbankindia.in Exim Bank : An Introduction Present At
More informationALLIANCE FINANCIAL GROUP BERHAD (Company Number : 6627-X) (Incorporated in Malaysia)
ALLIANCE FINANCIAL GROUP BERHAD (Company Number : 6627-X) (Incorporated in Malaysia) QUARTERLY REPORT ON CONSOLIDATED RESULTS FOR THE (The figures have not been audited) CONDENSED CONSOLIDATED STATEMENTS
More informationPUBLIC BANK (HONG KONG) LIMITED. Interim Financial Statements for the six months ended 30 June 2017
PUBLIC BANK (HONG KONG) LIMITED Interim Financial Statements for the six months ended 30 June 2017 Contents Condensed Consolidated Income Statement 2 Condensed Consolidated Statement of Comprehensive Income
More informationANNOUNCEMENT OF 2011 FINAL RESULTS
(Incorporated in Hong Kong with limited liability under the Companies Ordinance) (Stock Code: 2356) ANNOUNCEMENT OF 2011 FINAL RESULTS The Directors of Dah Sing Banking Group Limited ( DSBG or the Company
More informationPublic Bank Group. Unaudited Q1 Group Results 31 March 2010
Public Bank Group Unaudited Q1 Group Results 31 March 2010 Release Date: 15 April 2010 Quarter 1 2010 Results EXECUTIVE SUMMARY FINANCIAL PERFORMANCE GROWTH PERFORMANCE BUSINESS PERFORMANCE OTHER HIGHLIGHTS
More informationNet assets per share (net of treasury shares) attributable to ordinary equity holders of the parent (RM)
CONDENSED FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2017 THE GROUP Assets Cash and short term funds 9,067,090 9,429,592 Deposits and placements with banks and other
More informationDBS BANK LTD, HONG KONG BRANCH. (Incorporated in Singapore with limited liability)
(Incorporated in Singapore with limited liability) INTERIM FINANCIAL DISCLOSURE STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 TABLE OF CONTENTS Page Income statement (unaudited) 1 Statement of financial
More informationTHE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2014 CONSOLIDATED RESULTS HIGHLIGHTS
23 February 2015 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED CONSOLIDATED RESULTS HIGHLIGHTS Pre-tax profit HK$111,189m (HK$144,756m in ) tributable profit HK$86,428m (HK$119,009m in ) Return
More informationCONTINUING CONNECTED TRANSACTIONS
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness,
More informationLending for Growth Investment Opportunity. Waterfront Studios Ltd.
Lending for Growth Investment Opportunity Waterfront Studios Ltd. Risk Statement Your capital is at risk if you lend to businesses. Peer-to-peer ( P2P ) lending is not covered by the Financial Services
More informationPART A - EXPLANATORY NOTES
PART A - EXPLANATORY NOTES A1. BASIS OF PREPARATION OF THE FINANCIAL STATEMENTS The unaudited interim financial statements for the first quarter ended 31 March 2009 have been prepared under the historical
More informationPublic Bank Group Unaudited Q3 Group Results
Public Bank Group Unaudited Q3 Group Results 30 September 2010 Release Date: 18 October 2010 Quarter 3 2010 Results EXECUTIVE SUMMARY FINANCIAL PERFORMANCE GROWTH PERFORMANCE BUSINESS PERFORMANCE OTHER
More informationBasel II Pillar 3 Disclosure
Basel II Pillar 3 Disclosure 230 Overview 231 1.0 Scope of Application 231 2.0 Capital 2.1 Capital Adequacy Ratios 2.2 Capital Structure 2.3 Risk-Weighted Assets and Capital Requirements 238 3.0 Credit
More informationMortgage Lending Landscape
Mortgage Lending Landscape Be in the know Patrick Gibbon National Manager, Business Relationships PMA Economic Summit September 27, 2012 Mortgage Lending Landscape Be in the Know Agenda 1. What are the
More information31 Mar 31 Dec 31 Mar 31 Dec ASSETS Note RM 000 RM 000 RM 000 RM 000
CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2010 ASSETS Note Cash and short-term funds 9,049,203 11,211,535 8,217,405 9,945,874 Deposits and placements
More information2016 IMN Survey of National Progress in the Implementation of G20/FSB Recommendations
Jurisdiction: Hong Kong SAR 2016 IMN Survey of National Progress in the Implementation of G20/FSB Recommendations I. Hedge funds II. Securitisation III. Enhancing supervision IV. Building and implementing
More informationDBS BANK LTD, HONG KONG BRANCH. (Incorporated in Singapore with limited liability)
(Incorporated in Singapore with limited liability) INTERIM FINANCIAL DISCLOSURE STATEMENTS FOR THE SIX MONTHS ENDED 30 JUNE 2018 TABLE OF CONTENTS Page Income statement (unaudited) 1 Statement of financial
More informationCommercial Banking Services
Commercial Banking Services Fees and s (Effective from 1 January 2013) A. Deposit Services B. Remittances and Foreign Exchange Services C. Trade Services D. Autopay Services E. Securities and Investment
More informationBOC Hong Kong (Holdings) Limited 2012 Interim Results Financial Highlights
23 Aug 2012 BOC Hong Kong (Holdings) s profit attributable to the equity holders reached HK$11.2 billion New interim highs for income and core profit on strong financial positions BOC Hong Kong (Holdings)
More informationBasel II Pillar 3 Market Disclosure 30 June 2017
Company No. 295400-W OCBC Bank (Malaysia) Berhad Basel II Pillar 3 Market Disclosure 30 June 2017 The disclosure in this section refers to OCBC Bank (M) Berhad Group position. OCBC Bank (M) Berhad Group
More informationBNP Paribas Hong Kong Branch (Incorporated in France with Limited Liability) INTERIM FINANCIAL DISCLOSURE STATEMENT As at 30 June 2016
SECTION A HONG KONG BRANCH INFORMATION BNP Paribas Hong Kong Branch (Incorporated in France with Limited Liability) INTERIM FINANCIAL DISCLOSURE STATEMENT As at 30 June 2016 I. Income Statement Information
More informationBasel II Pillar 3 Market Disclosure 30 June 2016
Company No. 295400-W OCBC Bank (Malaysia) Berhad Basel II Pillar 3 Market Disclosure 30 June 2016 The disclosure in this section refers to OCBC Bank (M) Berhad Group position. OCBC Bank (M) Berhad Group
More informationMALAYSIA BUILDING SOCIETY BERHAD (Company No K) EXPLANATORY NOTES FOR FINANCIAL QUARTER ENDED 30 JUNE 2013
Page 1 of 15 A1. Basis of Preparation The unaudited interim financial statements for the 2 nd quarter ended 30 June 2013 have been prepared under the historical cost convention except for the following
More informationFund Fact Sheets. Active Bond Fund Active Balanced Fund Dana Imbang Asia Pacific Growth Fund
Fund Fact Sheets Active Bond Fund Active Balanced Fund Dana Imbang Asia Pacific Growth Fund Active Bond Fund To provide a steady stream of income through investment in money market and private debt securities
More informationThe world s first end-to-end Shariah investing platform. Best Practices for Shariah Investing
The world s first end-to-end Shariah investing platform Best Practices for Shariah Investing 1 Contents 1. INTRODUCTION 2. OBJECTIVES 3. SCOPE OF APPLICATION OF BEST PRACTICES FOR SHARIAH INVESTING 4.
More informationGuidance Note Capital Requirements Directive Credit Risk Standardised Approach
Guidance Note Capital Requirements Directive Credit Risk Standardised Approach Issued: 18 December 2007 Revised: 13 March 2013 V5 Please be advised that this Guidance Note is dated and does not take into
More informationPRODUCT HIGHLIGHTS SHEET
This Product Highlights Sheet is an important document. It highlights the key terms and risks of this investment product and complements the Singapore Prospectus 1. It is important to read the before deciding
More information31 Mar 31 Dec 31 Mar 31 Dec Assets Note RM 000 RM 000 RM 000 RM 000
CONDENSED INTERIM FINANCIAL STATEMENTS UNAUDITED STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2011 Assets Note Cash and cash equivalents 7,077,226 11,004,041 7,014,490 10,616,038 Deposits and placements
More information