Bank of East Asia hits near 5-1/2 year high after H1 interest income rise, dividend hike
20/08/2026 06:50
BUZZ-Bank of East Asia hits near 5-1/2 year high after H1 interest income rise, dividend hike ** Shares of Bank of East Asia 0023.HK jump 7.1% to HK$17.43, their highest point since March 2021
** Stock on course for the biggest one-day pct gains since February, 16
** The banking group reports H1 profit attributable of HK$2.41 billion ($308.08 million), up 0.4% y/y, while net interest income rises 4.8% y/y to HK$7.69 billion. Net interest margin narrows to 1.85% from 1.88% a year ago
** The bank declares an interim dividend of HK$0.46 per share, up from HK$0.39 each a year ago
** YTD, stock up 30%, benchmark Hang Seng Index .HSI up 0.8%
($1 = 7.8421 Hong Kong dollars)
(Reporting by Donny Kwok)
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