Bank of East Asia Ltd (0023.HK)
Latest Key Developments (Source: Significant Developments)
Feb 27 (Reuters) - Bank of East Asia Ltd <0023.HK>::FY PROFIT FROM CONTINUING OPERATIONS HK$ 6,554 MILLION VERSUS HK$ 6,370 MILLION.FY NET INTEREST INCOME HK$12,959 MILLION VERSUS HK$11,832 MILLION.FY NET INTEREST MARGIN INCREASED FROM 1.65% TO 1.73%.FY IMPAIRMENT LOSSES ON FINANCIAL INSTRUMENTS HK$ 1,188 MILLION VERSUS LOSS OF HK$1,744 MILLION.FY COMMON EQUITY TIER 1 CAPITAL RATIO 15.7 PERCENT VERSUS 13.2 PERCENT.DECLARED A SECOND INTERIM DIVIDEND FOR YEAR ENDED 31 DECEMBER, 2018 OF HK$0.32 PER SHARE.DECLARED SPECIAL DIVIDEND OF HK$0.35 PER SHARE. Full Article
Feb 22 (Reuters) - Bank Of East Asia Ltd <0023.HK>::FY PROFIT FROM CONTINUING OPERATIONS HK$ 6,370 MILLION VERSUS HK$3,525 MILLION.FY NET INTEREST INCOME HK$ 11,832 MILLION VERSUS HK$11,098 MILLION.FY IMPAIRMENT LOSSES ON LOANS AND RECEIVABLES HK$1,742 MILLION VERSUS LOSS OF HK$3,462 MILLION. DURING 2017 NET INTEREST MARGIN INCREASED FROM 1.60% TO 1.65%.DECLARED A SECOND INTERIM DIVIDEND FOR YEAR ENDED 31 DEC OF HK$0.60 PER SHARE.FY COMMON EQUITY TIER 1 CAPITAL RATIO 13.2 PERCENT VERSUS 12.1 PERCENT A YEAR AGO. Full Article
Nov 29 (Reuters) - Bank Of East Asia Ltd <0023.HK>::UNITS ENTER EQUITY TRANSFER AGREEMENT WITH CHINA FINANCIAL SERVICES AND QL FINANCE CO FOR SALE OF INTERESTS FOR HK$664.8 MILLION.UNITS ENTER ASSETS PURCHASE AGREEMENT FOR SALE OF CERTAIN LOAN PORTFOLIO FOR HK$414.2 MILLION. Full Article
Aug 25 (Reuters) - Bank Of East Asia Ltd <0023.HK>:HY net interest income HK$5.74 billion versus HK$5.48 billion.Interim dividend declared hk$0.68 per share.HY profit attributable HK$3.17 billion versus HK$2 bln. Full Article
June 30 (Reuters) - Bank Of East Asia Ltd <0023.HK>:Says East Asia Qianhai Securities Company Limited has received approval for establishment by China securities regulator.Says it is single largest shareholder with 49 percent interest.Says establishes the joint venture securities company with Shenzhen Qianhai Financial Holdings Co., Ltd. and two local corporate shareholders. Full Article
HONG KONG, Feb 27 Hong Kong-based Bank of East Asia Ltd (BEA) reported on Wednesday a 30 percent drop in its 2018 profit with the previous year's earnings inflated by divestment of some non-core assets, and as operating costs rose.