Bank of East Asia at 3-1/2 years peak on higher H1 profit, dividend

The Bank of East Asia

21/08/2025 06:33

** Bank of East Asia 0023.HK jumps 6.1% to HK$13.43, highest since February 2022; set for third consecutive session of gains

** Stock set for biggest one-day pct rise since June 2023

** Bank's H1 net profit rises 14% y/y; declares interim dividend of HK$0.39 vs year-ago HK$0.31

** Hong Kong-based bank's impairment losses narrows to HK$2.54 bln ($325.3 mln) from to HK$2.98 bln a year ago

** YTD, stock up 35.8%

($1 = HK$7.8091)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))