Company Profile For BOC Hong Kong (Holdings) Limited

BOC Hong Kong (Holdings) Limited (2388.HK) (Hong Kong Stock)

sector: Financials · industry: Banks ·

As of 1:22pm IST

18.82HKD

Price Change

-0.08

Percent Change

-0.42%

Analyst Recommendations

Overview

BOC Hong Kong (Holdings) Limited was established to hold the entire equity interest in Bank of China (Hong Kong) Limited (BOCHK), its principal operating subsidiary. The Company operates in four segments: Personal Banking, Corporate Banking, Treasury and Insurance. Both Personal Banking and Corporate Banking segments provide general banking services. Personal Banking serves individual customers while Corporate Banking deals with non individual customers. The Treasury segment is responsible for managing the capital, liquidity and the interest rate and foreign exchange positions of the Company in addition to trades. Insurance segment shows business relates to its long-term life insurance products, including traditional and linked individual life insurance and group life insurance products.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, BOC Hong Kong(Holdings) Ltd's interest income decreased 34% to HK$11.99B. Net interest income after LLP increased less than 1% to HK$7.81B. Net income decreased 6% to HK$6.69B. Net interest income reflects lower interest income offset by a decrease in interest expenses. Net income suffered from an increase in operating expenses and a decline in other operating income.