Banking on growth

Bank of Communications' Hong Kong branch expects to see full-year earnings grow 10 per cent after reaching its profitability target in the first half, assistant general manager Li Siu-kei (above) said yesterday at a ceremony marking the change of its corporate logo. Loan growth this year is seen at 5 per cent to 10 per cent. First-half profit came mainly from write-backs and non-interest income. Trade finance, syndicate and mortgage loans drove loan expansion in the first six months.