The Bank of East Asia, Limited Provides Group Earnings Guidance for the Six Months Ending June 30, 2019
June 13, 2019 at 10:34 am
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The Bank of East Asia, Limited provided group earnings guidance for the six months ending June 30, 2019. The group expects to report a material decrease in profit for the six months ending June 30, 2019 as compared with the reported attributable profit of HKD 3.992 billion for the six months ended June 30, 2018.
Bank of East Asia Ltd is a company mainly engaged in the banking business. The Company operates its business through nine segments. The Mainland China Operations segment mainly include the back office unit for Mainland China operations in Hong Kong, all subsidiaries and associates operating in Mainland China, except those subsidiaries carrying out data processing and other back office operations for Hong Kong operations in Mainland China. The Corporate Banking segment provides corporate lending and loan syndication, asset-based lending, commercial lending, securities lending and trade financing activities with correspondent banks and corporates. The Personal Banking segment is engaged in the branch operations, personal internet banking, consumer finance, property loans and credit card business to individual customers. The Overseas Operations segment provides back office unit for overseas banking operations in Hong Kong, Macau Branch, Taiwan Branch and all branches, subsidiaries and ass