Tag: HKMC’s

HKMC’s financial results highlights for first half of 2021 ********************************************************** The following is issued on behalf of the Hong Kong Monetary Authority:       The Hong Kong Mortgage Corporation Limited (HKMC) today (October 7) announced the highlights of its unaudited consolidated financial results for the first six months of 2021 (1H 2021) as follows:   2021 Half-year unaudited financial results highlights        The unaudited loss after tax of the HKMC for 1H 2021 was HK$24 million (1H 2020: HK$197 million), which was primarily due to: (a) the booking of commission expenses upfront for new mortgage insurance policies underwritten while the corresponding premium ... Read more

HKMC’s Financial Results Highlights for 2020 ************************************************* The following is issued on behalf of the Hong Kong Monetary Authority:      The Hong Kong Mortgage Corporation Limited (HKMC) today (May 12) announced the highlights of its audited consolidated financial results for 2020 as follows:   2020 Financial Results Highlights        The audited loss after tax of the HKMC was HK$362 million (profit after tax for 2019: HK$317 million). The decrease in profitability was primarily attributable to: (1) the booking of increasing upfront commission expenses arising from the significant surge in the volume of new mortgage insurance policies underwritten ... Read more