Bank of East Asia posted a 53 per cent increase in first half net profit despite a weak economic environment. Photo: Bloomberg Bank of East Asia posted a 53 per cent increase in first half net profit despite a weak economic environment. Photo: Bloomberg
Bank of East Asia posted a 53 per cent increase in first half net profit despite a weak economic environment. Photo: Bloomberg

Bank of East Asia to sell life insurance business following strategic review

  • Sale will allow the 101-year-old lender to focus on its core banking business in Hong Kong and mainland China, BEA says
  • Long-running legal battle with Elliott Management put on hold after review announced in March

Topic |   Bank of East Asia
Bank of East Asia posted a 53 per cent increase in first half net profit despite a weak economic environment. Photo: Bloomberg Bank of East Asia posted a 53 per cent increase in first half net profit despite a weak economic environment. Photo: Bloomberg
Bank of East Asia posted a 53 per cent increase in first half net profit despite a weak economic environment. Photo: Bloomberg
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