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| Additional information |
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| The Bank of East Asia Ltd (BEA) |
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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, Greater China, and overseas.
BEA is the largest independent local bank in Hong Kong, with total consolidated assets of HK$415.3 billion (US$53.58 billion) as at 31st December, 2008. 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 130 branches and SupremeGold Centres around town.
BEA also operates over 60 outlets in Mainland China, one of the largest networks of any foreign bank. Widely regarded as a longstanding market leader on the mainland, the Bank was one of the first foreign banks to:
* attain Qualified Domestic Institutional Investor status from the China Banking Regulatory Commission ("CBRC"); and
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receive approval from the CBRC to establish a locally incorporated bank in China. This wholly-owned subsidiary, named The Bank of East Asia (China) Limited, offers a full range of Rmb services to all customers including local residents.
BEA also operates outlets in the United States, Canada, the United Kingdom, the British Virgin Islands, and Southeast Asia. Worldwide, including Hong Kong and China, BEA has an international network of more than 240 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).
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. |
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