Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1

Interim dividend for the period is HK$0.57 per share.

Bank of China (Hong Kong) (BOCHK) reported higher profits for the first six months of 2024 on the back of higher deposits and wealth-related income.

Profit attributable to equity holders in H1 was HK$20.04b, 17.9% year-on-year higher than in 2023, BOCHK’s 2024 interim results showed.

Return on average shareholders’ equity was 12.39%, 1.58 percentage points (ppt) higher than in H1 2023.

Interim dividend for the period is HK$0.57, higher by 8.2% YoY.

Total deposits from customers amounted to almost HK$2.65t, 5.8% YoY higher than in end-December 2023. Total advances to customers are HK$1.7t, which BOCHK said is “broadly stable.”

Net interest margin (NIM) expanded by 5 basis points to 1.61%, whilst net interest income (NII) rose 15.3% to HK$27.8t in H1 compared to a year earlier.

BOCHK said that it “captured wealth management business opportunities”, which resulted in commission income from funds distribution and insurance to rise by 27.2% YoY and 10.1%, respectively.

Common Equity Tier 1 (CET1) capital ratio and total capital ratio were 20.5% and 22.17%, respectively.

Follow the link for more news on

Bank of China

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit