September 17, 2014 6:29 AM ET

Thrifts and Mortgage Finance

Company Overview of The Hong Kong Mortgage Corporation Limited

Company Overview

The Hong Kong Mortgage Corporation Limited is engaged in the mortgage business in Hong Kong, Korea, Malaysia, and the People's Republic of China. The company offers debt issuance, retail bond issuance, and medium term note programmes; and purchases various mortgage products consisting of prime-based mortgages, Hong Kong inter-bank offered rate-based mortgages, composite interest rate mortgages, and fixed adjustable rate mortgages. It also provides mortgage-backed securitization, mortgage insurance, and reverse mortgage products, as well as offers microfinance products, including micro business start-up, self-employment, and self-enhancement loans. In addition, the company provides premium lo...

Cosco Tower (High Block)

34th Floor

Grand Millennium Plaza

183 Queen's Road

Central,  

Hong Kong

Founded in 1997

Phone:

852 2536 0000

Fax:

852 2536 0999

Key Executives for The Hong Kong Mortgage Corporation Limited

Chief Executive Officer
Chairman and Financial Secretary
Senior Vice President of Finance
Senior Vice President of Operations
Deputy Chairman
Age: 60
Compensation as of Fiscal Year 2014.

The Hong Kong Mortgage Corporation Limited Key Developments

The Hong Kong Mortgage Corporation Limited Announces Consolidated Earnings Results for the Year Ended December 31, 2013

The Hong Kong Mortgage Corporation Limited announced consolidated earnings results for the year ended December 31, 2013. For the year, the company reported interest income of HKD 902,246,000, net interest income of HKD 651,993,000, operating income of HKD 1,426,419,000, operating profit of HKD 1,067,798,000, profit before taxation of HKD 1,067,798,000, profit attributable to equity holders of the company of HKD 982,404,000, return on shareholders' equity of 10.40%, return on assets of 1.90% compared to the interest income of HKD 1,135,362,000, net interest income of HKD 812,099,000, operating income of HKD 1,578,106,000, operating profit of HKD 1,208,620,000, profit before taxation of HKD 1,211,070,000, profit attributable to equity holders of the company of HKD 1,125,393,000, return on shareholders' equity of 12.40%, return on assets of 1.90% for the previous year.

The Hong Kong Mortgage Corporation Limited Announces Unaudited Consolidated Earnings Results for the First Six Months of 2013

The Hong Kong Mortgage Corporation Limited announced unaudited consolidated earnings results for the first six months of 2013. For the period, the company's profit after tax was HKD 508 million compared with HKD 521 million a year ago. Annualized return on shareholders' equity was 10.7% compared with 11.8% a year ago.

The Hong Kong Mortgage Corporation Limited Announces Audited Consolidated Financial Results for 2012; Announces Board Changes

The Hong Kong Mortgage Corporation Limited announced audited consolidated financial results for 2012. For the period, profit after tax was HKD 1,126 million against HKD 1,256 million for the same period in the last year. Return on shareholders' equity was 12.4% against 15.5% for the same period in the last year. The company appointed Mr. Jammy Chen and Professor Wong Yuk-shan as new directors. Ms. Diana Cesar has retired as director and has not offered herself for re-appointment.

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To contact The Hong Kong Mortgage Corporation Limited, please visit www.hkmc.com.hk. Company data is provided by Capital IQ. Please use this form to report any data issues.

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