Hang Seng Bank Ltd HSNGY posted a 12% rise in its net profit in 2011.
Hang Seng Bank's net profit for the period climbed to HK$16.68 billion, from HK$14.92 billion in 2010. However, analysts were expecting a net profit of HK$16.13 billion.
Net interest income at Hang Seng Bank's core lending business surged 10% to HK$15.74 billion from HK$14.30 billion.
The bank declared a Q4 dividend of HK$1.90 per share.
Hang Seng Bank appointed Rose Lee to succeed Margaret Leung as CEO and vice chairman.
Hang Seng Bank shares closed at $13.26 on Friday.
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