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.
Hong Kong banks ‘resilient’ despite falling CRE property values
Hong Kong banks ‘resilient’ despite falling CRE property values
Many banks have solid earnings and excess capital to absorb potential losses.
2 days ago
BEA’s profit down 24% to $447.87m in 2025 as China losses mount
Commercial real estate (CRE) accounted for 77% of BEA’s loan loss provisions.
Bank of East Asia extends Tai Po branch’s business hours
It will be open until 6PM on November 27-28, 2025.
Hong Kong’s BEA unveils multi-currency debit card
It supports withdrawal at over 2.5 million access points worldwide.
BEA marks 40 years in Shenzhen with new Futian flagship
The new branch offers banking and wealth management services.
Commercial real estate woes persist for Bank of East Asia
NIM will weigh on profitability but its non-interest income will cushion impact.
BEA property risks persist but capitalisation, funding offer buffers
Its impaired loan ratio is expected to remain high in 2025.
Hong Kong banks report better H2 margins despite CRE risks
Margins and income improved in H2 2024 compared to H1..
BEA’s profits up 11.9% to $591.9m in 2024
Operating profit before impairment losses is up 3%.
BEA teams up with GRCB to expand WMC southbound business
GRCB is BEA’s first WMC partner bank outside the BEA group.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
Bank of East Asia taps Bi Ming-qiang as deputy chief executive
He brings 27 years of experience in the banking sector.
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
BEA lowers HK dollar savings rate, prime rate
The new rates come into effect on 20 September 2024.
Bank of East Asia seen to cut commercial real estate over the next two years
The bank has shifted its focus from real estate to manufacturing, retail trade, and technology.
Trade, tourism buoy Hong Kong’s economy to 3.3% growth in 2024
Resilient labour market conditions will also help drive the economy up.
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