Operating profit before impairment losses is up 3%.

The Bank of East Asia (BEA) has logged a profit attributable to owners of the parent of HK$4.6b (approximately US$591.9m) in 2024, 11.9% higher compared to 2023, the bank’s latest financial highlights showed.

Basic earnings per share is HK$1.02; whilst the second interim dividend per share with scrip option is HK$0.38.

Operating profit before impairment losses rose 0.3% year-on-year (YoY) to HK$11.34b (US$1.46b).

BEA’s net interest margin (NIM) is 2.09% for 2024.

Tier 1 capital ratio is 18.7%; common equity tier 1 (CET1) capital ratio is 17.7%; and total capital ratio is 22.3%.