The Bank of East Asia logo outside the bank building in Central, Hong Kong. Photo: Felix Wong
Bank of East Asia interim profit jumps on efforts to contain bad loans from ill-fated strategy in mainland China business
- Net charge for impairment losses almost halved to HK$2.9 billion from a year earlier as lender reined in non-performing loans
- Family-run Hong Kong lender announced plans to reorganise its mainland business in February after completing worst year in a decade in 2019
The Bank of East Asia logo outside the bank building in Central, Hong Kong. Photo: Felix Wong