Hong Kong-based lender Bank of East Asia (BEA) reported a strong 75% jump in net profits for the first half ended June 30 to HKD 2.67bn ($343mn). The region’s largest independent and family-run bank attributed the strong earnings to declining impairment costs...
Hong Kong-based banking major Bank of East Asia (BEA) announced the sale of its life insurance unit to insurance giant AIA for HKD 5.07bn ($653mn). As per SCMP, the transaction is the result of a strategic review called for by activist shareholder Elliott Management,...
