Hang Seng’s strong capital position prompts HSBC to woo investors to take part in the former’s growth potential.
HSBC Bank Malaysia Berhad has introduced the 4-Year MYR Equity Linked (Hang Seng Bank Ltd) Structured Investment which provides customers the opportunity to invest in the potential growth of Hang Seng Bank Ltd, according to a report in the Bernama.
Hang Seng Bank's capital position remains strong with a Tier 1 ratio of 13.1 per cent (relative to the industry ratio of 8 per cent) and capital adequacy ratio of 16.6 per cent.
As of June 2009, its mainland business contributed 11.7 per cent to Hang Seng Bank's pre-tax profit, a 2.3 per cent increase from first-half of 2008.
HSBC said the investment is available from Oct 1 to Oct 15, 2009 and a minimum investment amount of RM250,000 is required to be placed as principal for a four-year tenure.
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