Aeon Credit Service Asia

Aeon Credit Service Asia's net profit rose 17.8% to HKD 437 mil in 2018

By Helgi Analytics - September 26, 2019

Aeon Credit Service Asia made a net profit of HKD 437 mil under revenues of HKD 1,245 mil in 2018, up 17.8% and 4.40% respectively co...

Aeon Credit Service Asia's npls (as % of loans) rose 3.00% to 4.38% in 2018

By Helgi Analytics - September 26, 2019

Aeon Credit Service Asia's non-performing loans reached 4.38% of total loans at the end of 2018, up from 4.26% compared to the pr...

Aeon Credit Service Asia's net interest margin rose 1.55% to 17.1% in 2018

By Helgi Analytics - September 26, 2019

Aeon Credit Service Asia's net interest margin amounted to 17.1% in 2018, up from 16.8% compared to the previous year. His...

Profit Statement 2016 2017 2018
Net Interest Income HKD mil 985 1,032 1,056
Fee Income (As % Of Revenues) % 6.34 6.85 16.5
Other Income HKD mil 108 78.9 -15.7
Total Revenues HKD mil 1,168 1,193 1,245
Staff Cost HKD mil 158 162 156
Operating Profit HKD mil 627 628 678
Provisions HKD mil 233 193 156
Net Profit HKD mil 299 371 437
Balance Sheet 2016 2017 2018
Interbank Loans HKD mil 166 104 153
Customer Loans HKD mil 4,980 5,095 4,796
Debt Securities HKD mil 21.2 15.9 0
Total Assets HKD mil 6,092 6,193 6,181
Shareholders' Equity HKD mil 2,742 3,005 3,191
Interbank Borrowing HKD mil 240 345 1,027
Customer Deposits HKD mil 0 0 0
Issued Debt Securities HKD mil 2,731 2,480 1,605
Ratios 2016 2017 2018
ROE % 11.3 12.9 14.1
ROA % 4.97 6.04 7.07
Costs (As % Of Assets) % 8.98 9.20 9.17
Costs (As % Of Income) % 46.3 47.4 45.6
Capital Adequacy Ratio % 45.0 48.5 51.6
Net Interest Margin % 16.4 16.8 17.1
NPLs (As % Of Loans) % 4.21 4.26 4.38
Provisions (As % Of NPLs) % 47.2 40.3 110
Growth Rates 2016 2017 2018
Total Revenue Growth % -0.641 2.15 4.40
Operating Cost Growth % -12.0 4.51 0.468
Operating Profit Growth % 11.8 0.116 7.94
Net Profit Growth % 19.5 24.2 17.8
Customer Loan Growth % -3.10 2.32 -5.87
Total Asset Growth % 2.53 1.66 -0.198
Shareholders' Equity Growth % 7.80 9.59 6.18
Employees 585 575 455

Get all company financials in excel:

Download Sample   $19.99

summary Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Net Interest Income HKD mil       898 938 1,057 1,014 985    
Total Revenues HKD mil       1,039 1,075 1,206 1,175 1,168    
Operating Profit HKD mil       595 545 649 561 627    
Net Profit HKD mil       295 222 282 250 299    
balance sheet                    
Interbank Loans HKD mil       372 362 114 98.1 166    
Customer Loans HKD mil       4,697 5,152 5,180 5,139 4,980    
Debt Securities HKD mil       44.3 26.1 24.5 22.1 21.2    
Total Assets HKD mil       5,769 6,098 5,951 5,942 6,092    
Shareholders' Equity HKD mil       2,229 2,346 2,447 2,544 2,742    
Interbank Borrowing HKD mil       714 803 1,047 1,111 240    
Customer Deposits HKD mil       0 0 0 0 0    
Issued Debt Securities HKD mil       2,426 2,587 2,032 1,845 2,731    
ratios                    
ROE %       13.8 9.70 11.8 10.0 11.3    
ROA %       5.25 3.74 4.69 4.20 4.97    
Costs (As % Of Assets) %       7.88 8.93 9.24 10.3 8.98    
Costs (As % Of Income) %       42.7 49.3 46.2 52.3 46.3    
Capital Adequacy Ratio %       38.6 38.5 41.1 42.8 45.0    
Net Interest Margin %       16.0 15.8 17.5 17.0 16.4    
Interest Income (As % Of Revenues) %       86.4 87.3 87.6 86.3 84.4    
Fee Income (As % Of Revenues) %       7.15 7.44 6.78 6.98 6.34    
Staff Cost (As % Of Total Cost) %       28.1 26.3 29.0 28.7 29.2    
Equity (As % Of Assets) %       38.6 38.5 41.1 42.8 45.0    
Loans (As % Assets) %       81.4 84.5 87.0 86.5 81.7    
NPLs (As % Of Loans) %       5.41 5.71 4.91 4.78 4.21    
Provisions (As % Of NPLs) %       48.6 48.7 56.7 54.0 47.2    
valuation                    
Number Of Shares (Average) mil ...     419 419 419 419 419    
Earnings Per Share (EPS) HKD ...     705 530 674 597 714    
Book Value Per Share HKD ...     5,323 5,601 5,844 6,074 6,548    
Dividend Per Share ...     350 350 360 360 360    
Earnings Per Share Growth % ... ...   -2.01 -24.8 27.2 -11.5 19.5    
Book Value Per Share Growth % ... ...   8.76 5.22 4.34 3.93 7.80    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Interest Income HKD mil       1,000 1,034 1,155 1,108 1,076    
Interest Cost HKD mil       102 95.7 98.1 94.7 90.7    
Net Interest Income HKD mil       898 938 1,057 1,014 985    
Net Fee Income HKD mil       74.3 80.0 81.8 82.0 74.0    
Other Income HKD mil       66.7 56.4 67.5 79.5 108    
Total Revenues HKD mil       1,039 1,075 1,206 1,175 1,168    
Staff Cost HKD mil       125 139 162 176 158    
Depreciation HKD mil       36.3 40.7 42.5 46.9 45.2    
Other Cost HKD mil       282 350 353 391 338    
Operating Cost HKD mil       443 530 557 614 541    
Operating Profit HKD mil       595 545 649 561 627    
Provisions HKD mil       234 267 294 248 233    
Extra and Other Cost HKD mil       5.49 2.51 8.43 4.58 17.2    
Pre-Tax Profit HKD mil       355 275 347 308 377    
Tax HKD mil       60.1 52.5 64.3 57.4 68.4    
Minorities HKD mil       0 0 0 0 0    
Net Profit HKD mil       295 222 282 250 299    
Dividends HKD mil       147 147 151 151 151    
growth rates                    
Net Interest Income Growth % ...     0.332 4.53 12.6 -4.09 -2.82    
Net Fee Income Growth % ...     29.6 7.71 2.17 0.305 -9.70    
Total Revenue Growth % ...     -0.086 3.48 12.2 -2.57 -0.641    
Operating Cost Growth % ...     9.97 19.5 5.04 10.3 -12.0    
Operating Profit Growth % ...     -6.46 -8.49 19.2 -13.6 11.8    
Pre-Tax Profit Growth % ...     -0.224 -22.6 26.0 -11.1 22.2    
Net Profit Growth % ...     -2.01 -24.8 27.2 -11.5 19.5    
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                    
Cash HKD mil       160 161 233 307 470    
Interbank Loans HKD mil       372 362 114 98.1 166    
Customer Loans HKD mil       4,697 5,152 5,180 5,139 4,980    
Retail Loans HKD mil       4,697 5,152 5,180 5,139 4,980    
Mortgage Loans HKD mil       0 0 0 0 0    
Consumer Loans HKD mil       4,697 5,152 5,180 5,139 4,980    
Corporate Loans HKD mil       0 0 0 0 0    
Debt Securities HKD mil       44.3 26.1 24.5 22.1 21.2    
Fixed Assets HKD mil       96.6 111 115 123 100    
Total Assets HKD mil       5,769 6,098 5,951 5,942 6,092    
Shareholders' Equity HKD mil       2,229 2,346 2,447 2,544 2,742    
Of Which Minority Interest HKD mil       0 0 0 0 0    
Liabilities HKD mil       3,540 3,752 3,504 3,398 3,350    
Interbank Borrowing HKD mil       714 803 1,047 1,111 240    
Customer Deposits HKD mil       0 0 0 0 0    
Issued Debt Securities HKD mil       2,426 2,587 2,032 1,845 2,731    
Other Liabilities HKD mil       400 363 425 442 378    
asset quality                    
Non-Performing Loans HKD mil       261 303 261 252 214    
Gross Loans HKD mil       4,824 5,299 5,329 5,275 5,081    
Total Provisions HKD mil       127 147 148 136 101    
growth rates                    
Customer Loan Growth % ...     1.11 9.68 0.557 -0.799 -3.10    
Retail Loan Growth % ...     1.11 9.68 0.557 -0.799 -3.10    
Consumer Loan Growth % ...     1.11 9.68 0.557 -0.799 -3.10    
Total Asset Growth % ...     5.21 5.70 -2.40 -0.165 2.53    
Shareholders' Equity Growth % ...     8.76 5.22 4.34 3.93 7.80    
ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                    
ROE %       13.8 9.70 11.8 10.0 11.3    
ROA %       5.25 3.74 4.69 4.20 4.97    
Costs (As % Of Assets) %       7.88 8.93 9.24 10.3 8.98    
Costs (As % Of Income) %       42.7 49.3 46.2 52.3 46.3    
Capital Adequacy Ratio %       38.6 38.5 41.1 42.8 45.0    
Net Interest Margin %       16.0 15.8 17.5 17.0 16.4    
Interest Spread % ...     14.8 14.8 16.5 15.9 15.2    
Asset Yield %       17.8 17.4 19.2 18.6 17.9    
Cost Of Liabilities % ...     2.92 2.62 2.70 2.74 2.69    
Payout Ratio %       49.6 66.0 53.4 60.3 50.5    
Interest Income (As % Of Revenues) %       86.4 87.3 87.6 86.3 84.4    
Fee Income (As % Of Revenues) %       7.15 7.44 6.78 6.98 6.34    
Other Income (As % Of Revenues) %       6.42 5.25 5.60 6.77 9.29    
Cost Per Employee USD per month       2,798 2,345 2,299 3,050 2,900    
Cost Per Employee (Local Currency) HKD per month       21,712 18,177 17,827 23,647 22,485    
Staff Cost (As % Of Total Cost) %       28.1 26.3 29.0 28.7 29.2    
Equity (As % Of Assets) %       38.6 38.5 41.1 42.8 45.0    
Loans (As % Assets) %       81.4 84.5 87.0 86.5 81.7    
NPLs (As % Of Loans) %       5.41 5.71 4.91 4.78 4.21    
Provisions (As % Of NPLs) %       48.6 48.7 56.7 54.0 47.2    
Provisions (As % Of Loans) %       2.70 2.86 2.86 2.65 2.03    
Cost of Provisions (As % Of Loans) %       5.02 5.42 5.69 4.81 4.61    
other data Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                    
Employees       479 639 756 622 585    

Get all company financials in excel:

Download Sample   $19.99

Aeon Credit Service Asia's net interest income rose 2.29% to HKD 1,056 mil in 2018

By Helgi Analytics - September 26, 2019

Aeon Credit Service Asia generated total banking revenues of HKD 1,245 mil in 2018, up 4.4% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of HKD 1,245 mil in 2...

More News

Aeon Credit Service Asia Logo

Finance

Aeon Credit Service Asia has been growing its revenues and asset by 1.95% and 1.32% a year on average in the last 3 years. Its loans and deposits have grown by -2.28% and 0% a year during that time and loans to deposits ratio reached at the end of 2018. The company achieved an average return on equity of 12.8% in the last three years with net profit growing 20.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 45.6% in 2018, compared to 46.4% average in the last three years.

Equity represented 51.6% of total assets or 66.5% of loans at the end of 2018. Aeon Credit Service Asia's non-performing loans were 4.38% of total loans while provisions covered some 110% of NPLs at the end of 2018.