BOC Hong Kong's Nine-Month Net Operating Income Jumps 11%

MT Newswires Live
2024-10-30

BOC Hong Kong's (HKG:2388) net operating income before impairment allowances jumped 11% year over year to HK$53.8 billion in the nine months ended September from HK$48.6 billion.

The lender recorded a 13% increase in pre-impairment operating profit to HK$41.4 billion from HK$36.5 billion a year prior, a Wednesday bourse filing said.

In the third quarter of 2024, the bank's net operating income grew 5.3% quarter-on-quarter to HK$18.5 billion, while operating profit climbed 6.1% to HK$14.2 billion.

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