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  • November 27, 2014
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  1. Business - Banking & Finance - SHARES

    Bank of East Asia share sell to Sumitomo Mitsui eases unrest

    Posted Dec 06th 2012, 12:00am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com BEA shares jump on takeover speculation Bank of East Asia (BEA) shares rose yesterday as a share sale to Japan's Sumitomo Mitsui Banking cleared uncertainty over a capital shortage and fuelled speculation about a takeover. The stock jumped as much as 5.39 per cent before closing 2.19 per cent higher at HK$30.35 yesterday, just ...

  2. Company profile- Bank of East Asia

    Posted Jun 11th 2007, 12:00am by Staff Reporter

    ... Bank of East Asia's principal activities are personal banking, corporate banking, investment banking and other financial services. Under personal banking services, it provides personal internet banking, consumer finance, property loans and credit card business. Through corporate banking services, it provides commercial lending, community lending, securities lending, ...

  3. Few signs of relief ahead for Li's Bank of East Asia

    Posted Feb 18th 2009, 12:00am by Tom Holland

    ... with Tom Holland For Bank of East Asia chairman David Li Kwok-po, 2008 was what the Queen of England would describe as an annus horribilis: a horrible year. It began on a bad enough note. In February, Mr Li paid HK$63 million to the US Securities and Exchange Commission to settle a charge of insider trading. In the outcry that followed, he was obliged to resign his seat in Hong ...

  4. No laughing matter for East Asia

    Posted Oct 03rd 2005, 12:00am by Philip Bowring

    ... of the relationship between the world's largest debtor, the United States, and its creditors, who are mostly in East Asia. In itself, that debt may seem to be no problem. As the world's largest ...

  5. Banks warming slowly to yuan trading with low-key approach

    Posted Feb 23rd 2004, 12:00am by Staff Reporter

    ... in the future,' Bank of East Asia (BEA) executive director and deputy chief executive Chan Kay-cheung said. On Wednesday, three types of yuan service- deposit taking, currency exchange and remittance- ...

  6. Result lacks decent loan growth

    Posted Feb 11th 2004, 12:00am by Jane Moir

    ... Jane Moir If Bank of East Asia is a barometer for this year's banking season, two themes are likely to emerge: improved asset quality and the return of consumption credit. Given the recent economic pick-up and rising property prices, a decline in provisions for bad loans and doubtful credit is not out in left field. What would be more singular this season is for a bank ...

  7. BEA may issue shares to lift capital

    Posted Apr 25th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Bank of East Asia, the city's thirdlargest lender, yesterday said it may resort to a rights issue to fix any capital shortage. Responding to shareholder ... division at investment banking firm Keefe, Bruyette & Woods Asia. BEA's shares have been struggling since January, having fallen more than 10 per cent from a high of HK$32.35. $4.36b ...

  8. Cash boost

    Posted Dec 12th 2008, 12:00am by Staff Reporter

    ... The Bank of East Asia has set up a fund for loans to small and medium-sized businesses. Given that these firms are particularly vulnerable in a recession, should more banks follow suit? Write to us. ...

  9. BEA hits target as net rises 20.6pc

    Posted Feb 16th 2008, 12:00am by Staff Reporter

    ... Maria Chan Strong loan growth counters HK$1.35b subprime provisions Bank of East Asia began the reporting season yesterday by posting 20.6 per cent growth in net profit for last year. The result was close to the high end of market expectations even though the bank made a combined provision of HK$1.35 billion on certain securities affected by the subprime mortgage crisis ...

  10. BEA aims at bigger return on equity

    Posted Sep 15th 2005, 12:00am by Staff Reporter

    ... Maria Chan Chairman says the bank is considering equity investment or strategic alliances with key lenders in the mainland Bank of East Asia chairman and chief executive David Li Kwok-po is aiming for a return-on-equity ratio for the bank of 14 per cent to 15 per cent, without specifying a time frame. The bank's return on equity stood at about 11 per cent in the first half ...




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