Company Profile

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Company Profile

Incorporated in Hong Kong in 1918, The Bank of East Asia ("BEA") is dedicated to providing comprehensive retail and commercial banking services to its customers in Hong Kong and other major markets around the world.

BEA is the largest independent local bank in Hong Kong, with total consolidated assets of HK$411.9 billion (US$53.14 billion) as at 30^th June, 2009. The Bank is listed on the Stock Exchange of Hong Kong and is one of the constituent stocks of the Hang Seng Index. BEA operates one of the largest banking networks in Hong Kong, with over 140 branches and SupremeGold Centres around town.

BEA also operates more than 70 outlets in Mainland China, one of the largest networks of any foreign bank. The Bank is widely regarded as a pioneer in the mainland market over the years:

	one of the first foreign banks to receive approval from the China Banking Regulatory Commission to establish a locally incorporated bank in China in 2007. This wholly-owned subsidiary, namely The Bank of East Asia (China) Limited offers a full range of Renminbi services to all customers including local residents on the Mainland;
	the first foreign bank to launch Renminbi debit cards and credit cards in China in 2008; and
	the first foreign bank to issue Renminbi retail bonds in Hong Kong in 2009.

BEA also operates outlets in the United States, Canada, the United Kingdom, the British Virgin Islands, and Southeast Asia. Worldwide, including Hong Kong and the rest of Greater China, BEA has an international network of more than 250 outlets and employs over 10,000 people. In addition to its own branches in Los Angeles, San Francisco, and New York, the Bank serves its North American customers through its New York City-based subsidiary, The Bank of East Asia (U.S.A.) N.A., and The Bank of East Asia (Canada).

For more details on BEA's International network, please click here.

Products and Services

BEA has long been known for the comprehensive range of retail and commercial banking services that it provides to a wide array of customers. Retail and wholesale banking services are delivered through the Bank's Personal Banking, Corporate Banking, Wealth Management, Investment Banking, China, and International divisions.

Products and services include deposit-taking, foreign currency savings, retail investment and wealth management services, mortgage loans, consumer loans, credit cards, Cyberbanking, bancassurance, Mandatory Provident Fund services, trade finance, syndication loans, remittances, and foreign exchange margin trading.

In addition to the Bank's core offering, other members of the BEA Group broaden the range of products and services available to individual and corporate customers. BEA's wholly-owned subsidiaries BEA Life Limited and Blue Cross (Asia-Pacific) Insurance Limited serve as underwriters of life insurance and general insurance products respectively while global professional services provider, Tricor Group, offers integrated Business, Corporate and Investor Services.

BEA will keep abreast of the latest market trends and strive to leverage developments in the marketplace to offer new or enhanced products and services that suit customers' needs. For more details on our BEA's products and services, please browse our other pages of this website.