• Fri
  • Aug 22, 2014
  • Updated: 3:44pm


Hang Seng to expand branch network in Hong Kong

Hang Seng Bank plans to further expand its branch network in Hong Kong this year in an effort to gain more customers.

Tuesday, 25 February, 2014, 3:11pm

One-off items take Bank of East Asia to record profit

The surge came mainly from a one-off fair-value gain from financial instruments and trading profit, accounting for a combined HK$1.6 billion. Excluding those items, pre-tax profit increased 3.5 per cent to HK$5.95 billion.

27 Feb 2013 - 1:15am

Expectations high as results season begins for banks

Bank of East Asia (BEA), the largest independent local bank in Hong Kong, is scheduled to announce its full-year results today, kicking off the reporting season for listed banks.

26 Feb 2013 - 5:13am

ICBC beats earnings estimates thanks to lower provisions in second quarter

Industrial and Commercial Bank of China beat analysts' first-half earnings estimates, mainly on the back of lower provisions for bad debt in the second quarter.

The world's biggest bank by market value said yesterday that its net profit rose 12.5 per cent to 123.24 billion yuan (HK$150.76 billion). The bank was the last of the big mainland lenders to report its earnings.

31 Aug 2012 - 3:18am

Downfall sends a message to the banks

The downfall of a former executive director at Agricultural Bank of China sends a warning signal to all bankers that they need to impose stronger self-regulation, the lender's president said yesterday at a media briefing on the bank's latest results.

30 Aug 2012 - 3:17am

K Wah surges on stellar results

Shares in K Wah International surged almost 10 per cent yesterday after the property developer stunned the market with a seven-fold increase in interim net profit, from 411 million yuan (HK$502.86 million) to 2.89 billion yuan.

29 Aug 2012 - 4:54am