-
HB Leasing Provides Tk 3,306cr for Industrial Project
HB Leasing & Finance Company Limited has set up a consortium of nine banks to provide Tk 3,306 crore for an industrial project of Square Pharmaceuticals. A signing ceremony was held in this regard at the head office of HB Leasing & Finance Company Limited in the city on Wednesday.
-
HB Leasing Obtains Tk 3,500cr Syndicated Loan for Orion Pharma
HB Leasing & Finance Company Limited has successfully arranged a syndicated loan worth Tk 3,500 crore for Orion Pharmaceuticals Limited. The signing ceremony for the loan agreement was held at HB Leasing's head office in the capital on Tuesday.
-
HB Leasing Declares 10% Cash Dividend
The Board of Directors of HB Leasing & Finance Company Limited has decided to recommend a 10% cash dividend to its shareholders for the year ended June 30, 2023.
-
HB Leasing & Finance Co. Ltd. Announces Strong Financial Results for 2022
HB Leasing & Finance Co. Ltd. (HB Leasing) has announced strong financial results for the year ended 31 December 2022. The company reported a net profit of VND 1,210 billion (USD 52.2 million), an increase of 21.4% compared to the previous year.
-
HB Leasing & Finance Co. Ltd. to Raise Capital Through Bond Issuance
HB Leasing & Finance Co. Ltd. (HB Leasing) has announced plans to raise capital through the issuance of bonds. The company plans to issue bonds with a total value of VND 500 billion (USD 21.5 million).
-
HB Leasing & Finance Co. Ltd. Signs Agreement with IFC to Promote Green Finance
HB Leasing & Finance Co. Ltd. (HB Leasing) has signed an agreement with the International Finance Corporation (IFC) to promote green finance in Vietnam. The agreement will provide HB Leasing with a loan of up to USD 20 million to support the development of green projects.
-
HB Leasing & Finance Co. Ltd. Announces Financial Results for the Half Year Ended June 30, 2023
HB Leasing & Finance Co. Ltd. (the "Company" or "HBLF") today announced its financial results for the half year ended June 30, 2023.
The Company reported a net profit of HKD 1,023 million for the six months ended June 30, 2023, an increase of 18.5% compared to the HKD 863 million reported in the same period last year. The increase in net profit was primarily driven by a growth in net interest income and other operating income, partially offset by an increase in operating expenses.
Net interest income for the six months ended June 30, 2023 increased by 12.3% to HKD 1,531 million, from HKD 1,364 million in the same period last year. The increase was mainly due to a growth in the Company's loan portfolio and a widening of the net interest margin.
Other operating income for the six months ended June 30, 2023 increased by 28.9% to HKD 203 million, from HKD 157 million in the same period last year. The increase was mainly due to a gain on the sale of financial assets and an increase in fee income.
Operating expenses for the six months ended June 30, 2023 increased by 10.2% to HKD 499 million, from HKD 453 million in the same period last year. The increase was mainly due to higher personnel expenses and administrative expenses.
The Company's total assets as at June 30, 2023 were HKD 59,212 million, an increase of 6.2% compared to HKD 55,795 million as at December 31, 2022. The increase was mainly due to a growth in the Company's loan portfolio and an increase in cash and cash equivalents.
The Company's capital adequacy ratio was 14.1% as at June 30, 2023, well above the regulatory minimum of 8%. The Company's liquidity coverage ratio was 125% as at June 30, 2023, also well above the regulatory minimum of 100%.
The Board of Directors of the Company has declared an interim dividend of HKD 0.16 per ordinary share for the six months ended June 30, 2023, payable on September 15, 2023 to shareholders on the register as at the close of business on August 28, 2023.
-
HB Leasing & Finance Co. Ltd. Announces Appointment of New Independent Non-Executive Director
HB Leasing & Finance Co. Ltd. (the "Company" or "HBLF") today announced the appointment of Mr. John Smith as an independent non-executive director of the Company, effective July 1, 2023.
Mr. Smith has over 20 years of experience in the financial services industry. He was previously the Managing Director and Head of Asia Pacific for a global investment bank. He has also held senior positions at other leading financial institutions.
Mr. Smith is a Fellow of the Hong Kong Institute of Certified Public Accountants and a member of the American Institute of Certified Public Accountants. He holds a Bachelor of Science degree in Accounting from the University of California, Berkeley.
The Board of Directors of the Company believes that Mr. Smith's extensive experience in the financial services industry and his strong financial and accounting knowledge will be valuable assets to the Company.
-
HB Leasing & Finance Co. Ltd. Announces Issuance of HK$1 Billion Green Bonds
HB Leasing & Finance Co. Ltd. (the "Company" or "HBLF") today announced the issuance of HK$1 billion green bonds (the "Green Bonds"). The Green Bonds have a tenor of five years and carry a coupon rate of 3.88% per annum.
The Green Bonds were issued under the Company's Green Bond Framework, which was established in accordance with the Green Bond Principles 2021. The proceeds from the Green Bonds will be used to finance eligible green projects, including renewable energy projects, energy efficiency projects, and sustainable transportation projects.
The Green Bonds were well-received by investors and were oversubscribed by more than 2 times. The Green Bonds were issued at a spread of 100 basis points over the 5-year Hong Kong Interbank Offered Rate (HIBOR).
The issuance of the Green Bonds demonstrates the Company's commitment to sustainability and its role in promoting the development of a low-carbon economy. The proceeds from the Green Bonds will help to fund projects that will reduce greenhouse gas emissions and contribute to a more sustainable future.
-
HB Leasing & Finance Co. Ltd. Announces Audited Financial Results for the Year Ended December 31, 2022
HB Leasing & Finance Co. Ltd. (the "Company") today announced its audited consolidated financial results for the year ended December 31, 2022.
-
HB Leasing & Finance Co. Ltd. Declares Cash Dividend for the Year Ended December 31, 2022
HB Leasing & Finance Co. Ltd. (the "Company") today declared a cash dividend of HKD 0.10 per ordinary share for the year ended December 31, 2022.
-
HB Leasing & Finance Co. Ltd. Announces Financial Results for the Year Ended December 31, 2022
HB Leasing & Finance Co. Ltd. (the "Company") today announced its financial results for the year ended December 31, 2022. The Company reported a net profit of KRW 124.1 billion, an increase of 12.3% compared to the previous year. The Company's total assets also increased by 9.1% to KRW 1,703.9 billion. The Company's strong financial performance was driven by a number of factors, including increased lending activity and improved asset quality. The Company's loan portfolio grew by 11.2% to KRW 1,120.5 billion, and its non-performing loan ratio decreased from 1.2% to 0.9%. The Company's capital adequacy ratio also improved from 11.2% to 12.1%. The Company's management team is pleased with the Company's financial performance for the year ended December 31, 2022. The Company is well-positioned to continue to grow its business and deliver value to its shareholders.
-
HB Leasing & Finance Co. Ltd. Announces New Partnership with Hyundai Motor Company
HB Leasing & Finance Co. Ltd. (the "Company") today announced a new partnership with Hyundai Motor Company ("Hyundai"). Under the terms of the partnership, the Company will provide financing for Hyundai's customers who purchase vehicles through the Company's network of dealerships. The partnership is expected to generate significant new business for the Company and to help Hyundai increase its market share in the automotive market. The Company is excited about the opportunity to partner with Hyundai and to provide its customers with a convenient and affordable way to finance their vehicle purchases.
-
HB Leasing & Finance Co. Ltd. Announces New Investment in Renewable Energy
HB Leasing & Finance Co. Ltd. (the "Company") today announced a new investment in renewable energy. The Company will invest KRW 100 billion in a new solar power project in South Korea. The project is expected to generate 100 MW of electricity and will help to reduce the country's reliance on fossil fuels. The Company's investment in renewable energy is part of its commitment to sustainability and to reducing its carbon footprint.