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.
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
BEA lowers HK dollar savings rate, prime rate
The new rates come into effect on 20 September 2024.
Bank of East Asia seen to cut commercial real estate over the next two years
The bank has shifted its focus from real estate to manufacturing, retail trade, and technology.
Bank of East Asia logs HK$2.1b profit for H1
Ongoing commercial real estate (CRE) concerns led to the 19.9% decline.
BEA offers up to HK$100,000 benefits to new CIES clients
BEA Private Banking will waive selected fees for clients who invest at least HK$30m.
BEA’s Mongkok Branch open 7 days a week until 30 June
It will be open from 1PM to 5PM on weekends during the period.
BEA unveils new credit evaluation process for SMEs in trade sector
It has teamed up with PAOCCRA and will use the Commercial Data Interchange of HKMA.
Hong Kong’s BEA launches WMC 2.0 Southbound services
BEA offers 250 eligible fund products under the expanded WMC scheme.
Hong Kong’s BEA expected to withstand asset quality strain in 2024: analyst
BEA’s reduced exposure to China’s commercial real estate sector is a positive.
Bank of East Asia unveils mobile app with personalised interface
Users can create shortcuts for frequently performed tasks and can avail of rewards.
Hong Kong’s BEA reports 5.5% lower profit in 2023
Basic earnings per share is HK$1.32, unchanged from a year ago.
BEA rebrands, upgrades digital services and bank branches
The bank has introduced artificial intelligence and fintech solutions to digitalise and automate operations.
Bank of East Asia redesigns Mongkok branch
The bank has created a digital zone at the ground floor.
BEA warns against 16 fraudulent websites
It has reported these sites to the local police and the HKMA.
Bank of East Asia extends hours of Shenzhen Futian Port sub-branch
It is now open on Saturdays from 10 AM to 5PM.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
Bank of East Asia extends weekend business hours in three branches
They will be open from 1PM to 5PM until 9 July 2023.
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