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 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.

Bank of East Asia closes 20 branches due to coronavirus

ATMs located within closed branches will also be unavailable.

Bank of East Asia forges digital banking partnership with five firms

Customers can apply for loans and purchase products online in these platforms.

Bank of East Asia's half-year profit surges 25.9% to $3.99b

Earnings were boosted by net fee and commission income growth.

Bank of East Asia unveils centralised e-payment platform for merchants

BEA’s ‘i-Payment hub’ can process different payment types in a single device.

Bank of East Asia to provide free public Wi-Fi

Visitors can enjoy 30 minutes of free Wi-Fi.

Bank of East Asia's SMBC stake increase could trigger short-term re-rating

But BEA has to prove that it has better risk management than its Chinese peers.