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BEA’s profits up 11.9% to $591.9m in 2024
Operating profit before impairment losses is up 3%.
The Bank of East Asia (BEA) has logged a profit attributable to owners of the parent of HK$4.6b (approximately US$591.9m) in 2024, 11.9% higher compared to 2023, the bank’s latest financial highlights showed.
Basic earnings per share is HK$1.02; whilst the second interim dividend per share with scrip option is HK$0.38.
Operating profit before impairment losses rose 0.3% year-on-year (YoY) to HK$11.34b (US$1.46b).
BEA’s net interest margin (NIM) is 2.09% for 2024.
Tier 1 capital ratio is 18.7%; common equity tier 1 (CET1) capital ratio is 17.7%; and total capital ratio is 22.3%.
(US$1 = HK$7.77; as of 21 February 2025, Google)
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