Profit Before Tax Increases by HK$900m, Non-interest Income Jumps 26%
Dividend Per Share Up Nearly 5%
HONG KONG, Feb. 19, 2025 /PRNewswire/ -- Hang Seng Bank today is pleased to report its strong full-year financial results for 2024, showing sustained growth momentum.
The Bank saw a notable 26% increase in non-interest income, a result of deliberate efforts in diversifying its revenue streams and growing the target customer base.
Despite a year of uncertainties, operating profit increased by 8% year-on-year to HK$21,558m. Profit before tax increased by more than HK$900m year-on-year. Earnings per share improved by 4% while return on shareholders' equity remained steady at 11.3% compared to 2023. Total dividend distribution for 2024 was HK$6.80 per share, an improvement of 4.6% year-on-year.
As a result of accelerating growth in the retail customer base both in Hong Kong and mainland China, the Bank reported a 75% jump in new-to-bank affluent customers and a 15% increase in affluent customer numbers. New account openings for retail mainland China customers surged 81% year-on-year as integrated banking and wealth management services enhanced cross-boundary business.
Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank, said: "2024 was a challenging year with geopolitical and macro uncertainties. But Hang Seng delivered a strong financial performance by focusing on diversifying our revenue and growing our target customer base. We also took a proactive approach to de-risk our portfolio, which enabled us to keep growing, and delivered notable results for our stakeholders. Going forward, we will continue to invest in our capabilities and support our community, which will fuel growth in a sustainable manner and contribute to Hong Kong's position as an international financial centre and global super-connector."
With economic uncertainties set to persist, Hang Seng continues to adopt a prudent and forward-looking risk management approach, which will provide us with a solid foundation for future growth.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Hang Seng Bank Delivers Strong Business Performance with Sustained Growth Momentum
SYDNEY, Jan. 13, 2026 /PRNewswire/ -- DoxAI, the rapidly growing AI automation and document-intelligence company within the Lakeba Group, today announced the appointment of Roberto Purcaro as a Non-Executive Director.
Strengthening Strategic Oversight for International Growth
Roberto brings more than 20 years of international investment banking experience, most recently as Global Head of Complex Opportunities and Head of Italy at Macquarie Capital. He has structured major high profile transactions worldwide in infrastructure, energy transition and digitalisation working with multinational corporations, sovereign institutions, and leading global investors allowing Macquarie to expand the business to new geographies and products.
His appointment significantly enhances the Board's strategic expertise, particularly as DoxAI accelerates its international expansion. Roberto's proven track record and extensive global network will provide invaluable strategic guidance to management.
Leadership Commentary
Giuseppe Porcelli, Chairman of DoxAI and Group CEO of Lakeba, said:
"Roberto's appointment marks a major milestone in DoxAI's global expansion. His experience leading complex, high-value transactions with strategic relationships will accelerate our growth into key international markets. Roberto strengthens our board at a pivotal moment as we scale DoxAI into one of the world's most advanced AI automation platforms."Kevin Wo, Independent Non-Executive Director of DoxAI and Chief Partner Officer, Microsoft ASEAN, added:
"Roberto brings world-class strategic and financial insight to our Board. His addition enhances the Board's ability to guide DoxAI's global journey, and I look forward to working closely with him as we deepen our international presence and expand our portfolio of enterprise-grade AI solutions."
Roberto Purcaro, incoming Non-Executive Director of DoxAI, said:
"I am thrilled to join DoxAI at such an exciting stage. The company has developed an impressive foundation of technology, customers and global partnerships, and I see enormous potential to scale its impact globally. I look forward to working with my fellow directors and the management team to provide strategic guidance on international growth opportunities that will help realise DoxAI's significant global potential."
About Roberto Purcaro
Roberto Purcaro is a highly regarded international investment banker with a track record of leading transformative transactions in infrastructure, technology and energy transition.Former Global Head of Complex Opportunities and Head of Italy at Macquarie Ccapital, he is recognised for structuring innovative deals and scaling businesses across borders.
About DoxAI
DoxAI is a leading AI automation and document-intelligence platform created by Lakeba Group. DoxAI provides enterprise-grade solutions for classification, extraction, validation, fraud detection, summarisation, e-signing and document workflow automation. The platform powers operations across financial services, telecommunications, professional services, government and supply-chain industries — enabling organisations to reduce cost, increase efficiency and modernise compliance through AI-driven decisioning.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
DoxAI Appoints Former Macquarie Capital Executive Roberto Purcaro to its Board of Directors to Accelerate Global Expansion
