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BEA posts 10.21% growth in H1 profit

Aug. 2, 2012 (China Knowledge) - Bank of East Asia<0023>, Hong Kong's fifth-largest lender, announced today that its net profit rose 10.21% YoY to HK$2.99 billion in the first half of this year.

Earnings per share were HK$1.35 during the period, up 8.87% YoY. The bank proposed an interim dividend of HK$0.43 a share, the same as last year.

Net interest income climbed 5.02% YoY to HK$4.62 billion in the first six months, and net fee and commission income increased 9.6% to HK$1.66 billion.

Earnings before tax were HK$3.82 billion in the period, up 6.77% from HK$3.58 billion in the same period of 2011.

BEA owns more than 220 branches globally, including over 100 in China.

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