BOCHK posts higher profit as lower credit costs offset margin pressure
Bank of China (Hong Kong), one of the city’s three note-issuing banks, reported a 7.1 per cent year-on-year increase in first-half net profit, as lower impairment charges and a wider net interest margin helped offset continued pressure on lending margins from falling Hong Kong interbank rates. Profit attributable to shareholders came to HK$23.74 billion (US$3 billion) for the six months to June…
Bank of China (Hong Kong), one of the city's major banking institutions, announced a 7.1% increase in first-half net profit for the period ending June 30, 2026, navigating reduced impairment charges and higher net interest margins amid pressures on lending margins due to declining Hong Kong interbank rates. The company's shares rose 2.27% to HK$50.97 in response to the earnings.
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