Customers at a Bank of East Asia branch in Mong Kok, Hong Kong. Photo: Nora Tam Customers at a Bank of East Asia branch in Mong Kok, Hong Kong. Photo: Nora Tam
Customers at a Bank of East Asia branch in Mong Kok, Hong Kong. Photo: Nora Tam

Bank of East Asia reports lowest profit since 2009, to revamp mainland China business amid surging bad loans

  • Profit fell by half to HK$3.26 billion last year, the lowest level since the depth of global financial crisis in 2009
  • Mainland China business incurred a HK$3.55 billion loss after provisions for bad loans surged

Topic |   Banking & Finance
Customers at a Bank of East Asia branch in Mong Kok, Hong Kong. Photo: Nora Tam Customers at a Bank of East Asia branch in Mong Kok, Hong Kong. Photo: Nora Tam
Customers at a Bank of East Asia branch in Mong Kok, Hong Kong. Photo: Nora Tam
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