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The Hong Kong Mortgage Corporation Limited

Key Financial Information

Financial Highlights

   

 2019

 HK$’000

2018

HK$’000

2017

 HK$’000

FOR THE YEAR

     

 Net interest income

523,991

536,209

507,578

 Profit attributable to  shareholder

317,4614

126,5584

806,395

 Loan purchases

1,876,551

287,705

315,793

 Debts issuance1

17,724,508

12,424,465

17,856,470

 Net premiums  written

 

 

 

 – General insurance  businesses

466,215

565,739

417,076

 – Annuity business

1,630,827

2,780,240

n.a.

AT YEAR END

 

 

 

 Loan portfolio, net

6,928,045

6,442,064

7,829,441

 Debt securities  issued

39,710,963

37,292,877

34,840,706

 Risk-in-force

 

 

 

 – Mortgage insurance2

23,075,987

19,723,956

17,588,701

 – Reverse mortgage  insurance3

11,239,454

9,644,152

6,875,721

OTHER STATISTICS

 

 

 

 Net interest margin

1.0%

1.1%

1.1%

 Capital adequacy ratio

30.2%

26.8%

21.0%

 Cost-to-income  ratio

58.7%4

86.0%4

26.8%

 Return on  shareholder's equity

2.1%4

0.9%4

8.6%

Notes:

1. For debts with tenor of one year or above.

2. The risk-in-force excludes exposure that has been covered by quota-share reinsurance arrangement.

3. The risk-in-force includes the outstanding balance and undrawn commitment of a reverse mortgage loan, excluding exposure that has been covered by quota-share reinsurance arrangement. Undrawn commitment refers to the amount of expected future payout to the borrower based on the payment term.

4. For comparison purposes, after excluding an accounting loss for maintaining prudent statutory reserves based on actuarial assumptions for annuity business made by the HKMC Annuity Limited, a wholly-owned subsidiary of the HKMC, the adjusted attributable profit to shareholder, return on shareholder's equity and cost-to-income ratio for 2019 would be HK$443 million, 4.2% and 41.8% respectively (2018: HK$515 million, 5.1% and 36.7% respectively).

Financial Reports
 Interim ReportAnnual Report
2019Interim Report Annual Report
2018Interim ReportAnnual Report
2017Interim ReportAnnual Report