BEA

Bank of East Asia, frequently referred to as BEA, is a banking and financial services provider with its main office in Central, Hong Kong. The other family-run Hong Kong bank is Dah Sing Bank, and it is today the largest independent local bank in Hong Kong. The third and fourth generations of the Li family are still in charge.

A group of local Hong Kong Chinese businesspeople who "not only understood modern banking but the necessities of modern Chinese industry" founded it on November 14, 1918, and it was formally opened for operation on January 4, 1919. In essence, it sought to help the locals of Hong Kong who were currently underserved by the big British banks and the small, unorganized, and frequently unincorporated local moneylenders in Hong Kong. BEA was regarded as the city's most important local Hong Kong bank by the 1930s.

Bank of East Asia's market capitalization as of March 2023 is $3.37 billion. By market capitalization, Bank of East Asia is now the 2945th most valuable company in the world. The most recent financial reports for Bank of East Asia show that the company's current revenue (TTM) is $2.04 billion. The company's revenue in 2021 was $2.04 billion, down from $2.21 billion in 2020.

Founded:

• Incorporated on 14 November 1918; 104 years ago
  
• Officially opened on 4 January 1919; 104 years ago

Headquarters: 10 Des Voeux Road Central, Central, Hong Kong
Website: hkbea.com