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Story summary
- Bank of China (Hong Kong) posted a 7.1% year-on-year rise in first-half net profit.
- Profit attributable to shareholders reached HK$23.74 billion, or HK$2.2453 per share, for the six months to June 30.
- The result beat analysts’ average estimate of HK$22.94 billion.
- Net interest margin, including FX swap income, rose to 1.57% from 1.54% a year earlier.
- Vice-chairman and chief executive Sun Yu said BOCHK will optimise Southeast Asian management and build a regional headquarters.
