Dah Sing Financial Holdings Limited · HKEX:440
Dah Sing Financial — H1 2026 Earnings Presentation
21 slides from Dah Sing Financial's earnings presentation, Aug 28, 2026
Slide 1: Dah Sing Financial Group 2026 Interim Results
Dah Sing Financial Group 2026 Interim Results 28 August 2026
Slide 2: Performance Highlights
Performance Highlights • Increase in net interest income, driven by expansion in net interest margin • Substantial growth in fee and commission income, driven by robust wealth management business • Mild decline in credit impairment charges • Solid growth in profit attributable to shareholders • DSBG
Slide 3: Dah Sing Banking Group (2356)
Dah Sing Banking Group (2356) HK$’ million 1H 2026 1H 2025 Change Net interest income 2,970 2,776 +7% Net fee and commission income 939 727 +29% Net trading income and other income 214 293 -27% Total operating income 4,123 3,796 +9% Operating expenses (1,753) (1,707) +3% Credit impairment losses (72
Slide 4: Dah Sing Financial Holdings (0440)
Dah Sing Financial Holdings (0440) HK$’ million 1H 2026 1H 2025 Change Net interest income 2,998 2,815 +6% Net fee and commission income 932 720 +29% Net trading income, insurance service result after net insurance 389 577 -33% finance expense and other operating income Total operating income 4,318
Slide 5: Dah Sing Banking Group
Dah Sing Banking Group ED inven ee Ca} DAHSING FINANCIAL GROUP
Slide 6: Personal Banking
Personal Banking • Net interest income grew 4%, driven by loan volume expansion and disciplined funding cost control • Non-interest income rose 26%, primarily led by stronger wealth management revenue • 23% growth in operating profit before credit impairment, supported by robust top-line performance
Slide 7: Corporate Banking
Corporate Banking • Net interest income grew 6%, mainly driven by lower funding cost and higher average loan balance • Non-interest income declined 6%, primarily attributable to lower fee and commission and trading income • 11% growth in operating profit before credit impairment, supported by revenu
Slide 8: Treasury and Global Markets
Treasury and Global Markets • Operating income rose 0.3%, primarily driven by 8% higher net interest income partially offset by 57% lower non-interest income • Decline in trading income, due to higher net cost of funding swap activities • 1% growth in operating profit, with higher operating income a
Slide 9: Chinese Mainland and Macau
Chinese Mainland and Macau Chinese Mainland: • Increase in net interest income, driven by mild loan growth and improvement in net interest margin • Substantial increase in non-interest income, primarily due to strong growth in treasury and cross-border related business • 16% growth in profit share f
Slide 10: Dah Sing Financial Holdings
Dah Sing Financial Holdings 10
Slide 11: Insurance and Investment Operations
Insurance and Investment Operations • Insurance and investment operations delivered robust growth in both insurance service result and investment returns, driven by disciplined underwriting and strong investment performance • Growth in insurance revenue with 11% higher Gross Premiums Written • Favou
Slide 12: Insurance and Investment Operations
Insurance and Investment Operations • Solid solvency and capital position, providing ample capacity to support business expansion • Strong investment returns generated from our insurance and group investment businesses were reflected through both the Income Statement and Other Comprehensive Income (
Slide 13: Financial Overview
Financial Overview ED inven ee Ca} DAHSING FINANCIAL GROUP 13
Slide 14: DSBG's Operating Income and Net Interest Margin
DSBG’s Operating Income and Net Interest Margin Income from core businesses Net interest margin 4,500 2.6% 4,119 4,123 2.49% 4,000 3,796 92 214 2.44% 2.41% 293 2.4% 3,500 975 939 2.32% 3,000 727 2.2% 2,500 HK$ million 2,000 3,052 2.0% 2,776 2,970 1,500 1,000 1.8% 73% 74% 72% 500 0 1.6% 1H25 2H25 1H2
Slide 15: DSBG's Operating Expenses and Credit Impairment Losses
DSBG’s Operating Expenses and Credit Impairment Losses Operating expenses Credit impairment losses 1,760 1,200 1,753 1,055 1,750 1,000 1,739 1,740 800 728 724 1,730 HK$ million HK$ million 1,720 600 1,710 1,707 400 1,700 200 1,690 1,680 0 1H25 2H25 1H26 1H25 2H25 1H26 15
Slide 16: Gross Advances to Customers and Trade Bills, and Asset Quality
Gross Advances to Customers and Trade Bills, and Asset Quality Gross advances to customers and trade bills 2,500 Stage 3 ECL allowances 2,398 Change relative to 2025 year-end: +1.9% 2,230 160,000 Stage 1 & 2 1,919 150,000 141.5 bn 142.5 bn 145.2bn 2,000 41.9% 140,000 1,533 39.1% HK$ million 1,500 13
Slide 17: Hong Kong Commercial Real Estate
Hong Kong Commercial Real Estate Total loan exposure to HKCRE Impaired HKCRE loans 24,600 2,500 24,469 2,177 24,400 2,021 2,000 24,200 1,697 24,000 1,500 HK$ million HK$ million 23,800 23,682 23,600 23,475 1,000 23,400 23,200 500 23,000 22,800 0 30 Jun 25 31 Dec 25 30 Jun 26 30 Jun 25 31 Dec 25 30 J
Slide 18: Key Return Indicators
Key Return Indicators Return on average total assets and Basic EPS of DSBG and DSFH shareholders’ funds of DSBG 6.45 6.50 12% 6.00 10.0% 5.50 5.25 10% 9.2% 5.00 4.57 4.41 4.50 8% 4.00 3.50 HK$ 6% 3.00 2.50 4% 2.00 1.76 1.47 1.50 1.27 1.12 2% 1.2% 1.4% 1.00 0.50 0% 0.00 1H 2025 1H2026 2024 2025 1H 20
Slide 19: Capital Adequacy and Liquidity
Capital Adequacy and Liquidity Capital adequacy ratio Liquidity maintenance ratio 25% 23.1% 23.4% 70% 22.5% 3.6% 3.6% 60% 20% 3.6% 0.7% 0.7% 50% 0.7% 15% 40% 60.7% 60.8% 59.0% 30% 10% 18.2% 18.8% 19.1% 20% 5% 10% 0% 0% 30 Jun 25 31 Dec 25 30 Jun 26 30 Jun 25 31 Dec 25 30 Jun 26 CET1 Additional T1 T2
Slide 20: Conclusions
Conclusions ED inven ee Ca} DAHSING FINANCIAL GROUP 20
Slide 21: Conclusions
Conclusions • Strong revenue generated from both net interest income and non- interest income businesses, benefiting from improved margin and sustained wealth management demand • Higher net interest margin, attributable to improved CASA ratio, and well-controlled funding costs • Prudent credit risk
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