Brief: Bank Of East Asia Posts FY Profit Attributable Of HK$3,614 Million

The Bank of East Asia

24/02/2021 04:21

Feb 24 (Reuters) - Bank of East Asia Ltd  0023.HK :
    * FY PROFIT ATTRIBUTABLE HK$ 3,614 MILLION VERSUS HK$3,260
MILLION
    * GLOBAL RECOVERY FROM PANDEMIC IS LIKELY TO BE UNEVEN
    * CONFIDENT CHINA WILL LEAD GLOBAL ECONOMIC REBOUND IN 2021
    * AS AT DEC 31, CET 1 RATIO 16.5%
    * -FY NET INTEREST INCOME HK$11,550 MILLION VERSUS HK$14,566
MILLION
    * STREAMLINING WORK PRACTICES AND SEEKING COST-SAVINGS
WHEREVER
POSSIBLE
    * PLAN MORE FUNDAMENTAL CHANGES IN NEXT 3 YRS, WITH
INVESTMENTS IN
NEW TECHNOLOGY TO STREAMLINE, AUTOMATE BUSINESS
    * DECLARED A SECOND INTERIM DIVIDEND OF HK$0.24 PER SHARE
    * AS PART OF BEA LIFE SALE, BANK WILL SEEK TO ENTER
LONG-TERM
EXCLUSIVE DISTRIBUTION DEAL TO PROVIDE SOURCE OF RECURRENT
REVENUE

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2wKCmH
Further company coverage:  0023.HK 

 (Reuters.Briefs@thomsonreuters.com)