Hong Kong · Delayed Price · Currency is HKD BOC Hong Kong (Holdings) Earnings Call Transcripts
Fiscal Year 2025
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Profit rose 4.9% to HKD 40.1B with strong deposit and fee income growth, improved cost efficiency, and robust capital ratios. Asset quality remains solid despite higher provisions for property sector risks, and the outlook targets further growth via cross-border finance and digital innovation.
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Profit rose 10.5% to HKD 22.2B with strong fee and wealth management income growth, while NIM narrowed and CRE sector pressures led to higher provisions. Southeast Asia and RMB businesses outperformed, and digital, ESG, and capital initiatives advanced.
Fiscal Year 2024
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Profit attributable to equity holders rose 16.8% to HKD 38.2 billion, with ROE at 11.6% and strong growth in deposits, loans, and fee income. Dividend payout increased to 55%, and quarterly dividends will begin in 2025. Robust risk management and Southeast Asia expansion remain priorities.
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First-half profit rose 17.9% year on year, with strong growth in Southeast Asia and robust asset quality. Interim dividend increased 8.2%, and the group remains focused on risk management, digital innovation, and expanding diversified income sources.