Bank of East Asia

Bank of East Asia is a Hong Kong-headquartered financial services company. It is the largest independent bank in the city and one of the two remaining family-run banks in Hong Kong. The other is Dah Sing Bank.

The bank is currently run by brothers Adrian and Brian Li as co-CEOs, taking over after their father David Li stepped down from the role in 2019 after 38 years.

Bank of East Asia extends Saturday hours of three select branches

The branches can provide personal account opening and general enquiry services.

Hong Kong economy may expand by 3.5% in 2023: BEA

The economy is expected to contract by around 3% in 2022. 

Bank of East Asia raises savings rate to 0.125% per annum

It is also raising its HK dollar prime rate to 5.375% pa.

Bank of East Asia joins the Partnership for Carbon Accounting Financials

BEA is required to disclose data publicly on financed emissions within the next three years.

Bank of East Asia reduce emissions by 15%, increase green loans five-fold in 2021

The bank also donated millions to support flood relief efforts.

AIA acquires Blue Cross for $1.53b

This is set to expand the scope of the Bank of East Asia’s existing partnership with AIA. 

Banks welcome launch of Wealth Management Connect in Guangdong-Hong Kong-GBA 

BEA highlights hiring plans, whilst Citi says it will offer 100 types of wealth products under WM Connect.

Bank of East Asia warns of fake website

Customers who used the site are advised to report their cases to the police.

Bank of East Asia profit rebounds nearly 75% to $2.67b in H1

This increased from $1.53m in the same period last year.

Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns

The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.

Bank of East Asia Foundation ups COVID relief to $3m

Partner NGOs will distribute sanitary packs and necessities in Hong Kong.

Bank of East Asia to review its portfolio

This follows after its profits were nearly halved in Q4 2019 due to losses.

Bank of East Asia's profit plunges 49.9% to $3.2b in 2019

The decline was attributed to an increase in impairment losses in Mainland China.