Hong Kong · Delayed Price · Currency is HKD BOC Hong Kong (Holdings) Earnings Call Transcripts
Fiscal Year 2025
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Profit after tax rose 5.3% to HKD 41.2 billion, with strong deposit and loan growth, improved cost efficiency, and robust capital ratios. Wealth management, cross-border, and digital initiatives drove segment gains, while prudent risk management contained asset quality pressures.
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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 deposit and loan growth in Southeast Asia. Dividend payout increased to 55%, and quarterly dividends will begin in 2025. Asset quality remains stable amid market uncertainties.
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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.