BOC Hong Kong (Holdings) is delaying paying year-end bonuses until it has a chance to review its audited books, unlike previous years when it handed out bonuses at Lunar New Year, a company official said.
The bank, which has about 13,000 employees in Hong Kong, had not yet decided whether to pay bonuses, said Carina Man, a spokeswoman for the listed unit of China's biggest bank.
'After auditing last year's results, we will submit a bonus proposal to the board and let the board decide,' Ms Man said.
The bank is expected to announce its results on March 20 and will make the bonus decision in the early part of the second quarter.
As with most banks in Hong Kong, BoC HK is facing weak loan growth as unemployment remains near record levels.
The bank has been taking steps to cut costs to spur growth, including closing branches and cutting staff.
