Your Name:Bank of East Asia (0023) said first-half net profit grew by 53.2 percent to HK$1.53 billion, due to a significant drop in impairment losses in mainland China. Pre-provision operating profit dropped by 21.9 percent to HK$4.12 billion. Net interest income fell by 17.6 percent to HK$6.11 billion. Net interest margin dropped by 31 basis points to 1.59 percent. Non-interest income fell by 15.1 percent to HK$2.36 billion.

Source: The Standard August 20, 2020 06:11 UTC