The Bank of East Asia logo outside the bank building in Central, Hong Kong. Photo: Felix Wong The Bank of East Asia logo outside the bank building in Central, Hong Kong. Photo: Felix Wong
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

Topic |   Banking & Finance
The Bank of East Asia logo outside the bank building in Central, Hong Kong. Photo: Felix Wong The Bank of East Asia logo outside the bank building in Central, Hong Kong. Photo: Felix Wong
The Bank of East Asia logo outside the bank building in Central, Hong Kong. Photo: Felix Wong
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