News Column

BEA 2013 Profits Up 9.2%

February 19, 2014



HONGKONG, February 19, SinoCast -- The Bank of East Asia Limited (BEA, SEHK: 0023) recorded profits of HKD 6.613 billion in 2013, growing 9.2% over HKD 6.056 billion a year earlier.

Basic earnings per share were HKD 2.78 and average return on equity was 11.0%.

Tier 1 capital ratio grew to 12.1% from 10.7% in 2012 and total capital ratio grew to 15.9% from 14.3%.

Net profits in Mainland China grew 15.6% to HKD 1.8879 billion. Total loans rose 12.7% year on year to HKD 144.2 billion. Total deposits increased 10.3% to HKD 211.8 billion. Service fee income from retail operations increased 53%. Retail loans accounted for 22.6% of total loans by the end of 2013, compared with 20.6% in 2012.


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Source: Sinocast Banking & Credit Beat (China)


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