Summary by Moomoo AI
In the interim performance announcement for the financial year 2024, Bank of E Asia Limited declared that for the six months ended 30th June 2024, the unaudited performance of the Group showed attributable profit to equity holders of the Group of HK$2.111 billion, a decrease of 19.9% from HK$2.636 billion for the same period in 2023. Basic earnings per share were HK$0.69. Net interest income increased to HK$8.228 billion, with a net interest margin expanding to 2.10%. Non-interest income increased to HK$2.256 billion, bringing total operating income to HK$10.484 billion. Operating expenses increased to HK$4.813 billion, and the impairment loss on financial instruments was HK$2.881 billion. As of 30th June 2024, the comprehensive assets of the Group amounted to HK$875.217 billion. Customer deposits increased to HK$630.109 billion, with a loan-to-deposit ratio of 82.0%. The Group repurchased a total of 16,042,600 shares on the Stock Exchange of Hong Kong in the first half of 2024, at a total cost of approximately HK$159.28 million. The Board of Directors announced the distribution of an interim dividend of HK$0.31 per share.
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