Hang Seng Bank launches HK$3b share buy-back programme
Merill Lynch International is appointed as the broker.
Hang Seng Bank is kicking off a HK$3b share buy-back programme.
The Hong Kong-headquartered bank has entered into an agreement with Merrill Lynch International, to operate its 2025 share buy-back programme.
Duration of the buy-back programme will be from 1 August 2025 to 30 January 2026.
Hang Seng Bank recently reported a 30% decline in its profit attributable to shareholders in the first six months of 2025. Notably, profit before tax fell as a result of raising its provisions and expected credit losses.