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Hong Kong's largest family-controlled bank, offering retail and commercial banking in HK and mainland China.
Hong Kong's largest family-controlled bank, offering retail and commercial banking in HK and mainland China.
Earns mostly from the spread between interest on loans and the cost of deposits, plus fees from wealth products, trade finance and cards. Hong Kong is the core, with mainland China as a second leg through a locally incorporated subsidiary. The founding Li family keeps control.
In one line: A family-run Hong Kong bank akin to a smaller HSBC/Hang Seng.
Moat: narrow (brand, regulatory licence, distribution). Century-old HK banking licence and branch franchise, family-controlled independence.
Headquarters: Hong Kong · Founded: 1918 · Employees: 7,669
Size Bank of East Asia (0023.HK) is a Hong Kong Financials company (Major Banks) with a market value of $6.03B, the 235th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$17.80 on 6 Nov 2026.
Performance Over six months the shares gained 27.1%, against +5.4% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue fell 8.5% over the last twelve months (peer median +9.1%); the operating margin is 26.7% (peer median 37.5%).
Valuation It trades at 0.44× book value against a peer median of 1.12× (cheapest of 21).
Price implies The share price implies a return on equity of about 5.2%; Bank of East Asia delivers 3.2%, so the price asks more than the business earns today.
Credit Bank of East Asia has 4 bonds outstanding ($2.20B), rated BBB- by the agencies.
Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$38.7B | HK$39.5B | HK$45.0B | HK$44.2B | HK$29.7B |
| Revenue growth | — | -12% | +2% | +49% | — |
| Net income | HK$3.36B | HK$3.21B | HK$4.01B | HK$3.52B | HK$3.65B |
| Free cash flow | HK$2.01B | HK$5.82B | HK$9.80B | HK$10.4B | HK$9.86B |
| Capital expenditure | HK$608M | HK$407M | HK$537M | HK$680M | HK$555M |
| Total debt | n/a | HK$30.1B | HK$53.4B | HK$53.4B | HK$51.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bank of East Asia 0023.HK | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% |
| Hsbc 0005.HK | $307B | -3% | -4% | 14% | 1.53× | 9.6% |
| China Minsheng Banking 1988.HK | $21.9B | -13% | -5% | 4% | 0.20× | 3.8% |
| Standard Chartered STAN.L | $60.9B | +14% | -10% | 13% | 1.37× | 16.9% |
| Boc Hong Kong 2388.HK | $67.4B | +13% | -8% | 12% | 1.47× | 8.1% |
| Dah Sing Banking 2356.HK | $2.45B | +5% | -8% | 8% | 0.53× | 5.5% |
| Bank of Communications 3328.HK | $107B | +19% | +3% | 8% | 0.55× | 4.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0023.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.7% | +1.5% | 7th lowest of 21 |
| 6-month return | +27.1% | +5.4% | highest of 21 |
| Return on equity | 3.2% | 10.0% | lowest of 21 |
| Price / book | 0.44× | 1.12× | cheapest of 21 |
| Trailing P/E | 14.1× | 11.1× | 4th most expensive of 21 |
| ROE the price implies | 5.2% | 10.6% | 2nd least demanding of 20 |
| ROE delivered | 3.2% | 10.0% | lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of East Asia 0023.HK | Hong Kong | $6.03B | +27% | -9% | 3% | 0.44× | 5.2% | 3.2% |
| RBL Bank RBLBANK.NS | India | $6.21B | +10% | +9% | 4% | 1.35× | 23.1% | 4.0% |
| Indian Overseas Bank IOB.NS | India | $6.23B | -13% | +14% | 18% | 1.46× | 17.2% | 17.9% |
| F.N.B FNB | United States | $6.28B | 0% | +2% | 9% | 0.92× | 8.9% | 9.0% |
| Yes Bank YESBANK.NS | India | $5.72B | -24% | +5% | 8% | 1.01× | 15.3% | 8.2% |
| Associated Banc-Corp ASB | United States | $5.64B | +6% | +23% | 10% | 1.07× | 9.3% | 10.2% |
| Bank of India BANKINDIA.NS | India | $6.68B | -1% | +9% | 14% | 0.67× | 12.5% | 14.1% |
| Grupo Aval Acciones y Valores SA Sponsored ADR Pfd AVAL | United States | $5.29B | -5% | +15% | 11% | 0.95× | 7.8% | 10.8% |
| Axos Financial AX | United States | $5.26B | +7% | +18% | 17% | 1.60× | 16.5% | 16.7% |
| St.Galler Kantonalbank SGKN.SW | Switzerland | $5.22B | +19% | -13% | 8% | 1.37× | n/a | 7.6% |
| Bank of Maharashtra MAHABANK.NS | India | $7.08B | +2% | +17% | 23% | 1.79× | 26.2% | 23.3% |
| Bank of Chongqing 601963.SS | China | $5.13B | +7% | +5% | 10% | 0.65× | 3.0% | 9.8% |
| Lion Finance BGEO.L | United Kingdom | $7.39B | +20% | +19% | 27% | 1.89× | 21.1% | 27.3% |
| Credito Emiliano CE.MI | Italy | $7.48B | +26% | -2% | 12% | 1.41× | 13.1% | 12.3% |
| IndusInd Bank INDUSINDBK.NS | India | $7.48B | -4% | -2% | 5% | 1.04× | 17.8% | 4.5% |
| Mebuki Financial 7167.T | Japan | $7.57B | +6% | +25% | 9% | 1.16× | 6.2% | 9.2% |
| Valley National Bancorp VLY | United States | $7.75B | +5% | +3% | 9% | 1.03× | 10.6% | 9.4% |
| Fukuoka Financial 8354.T | Japan | $7.75B | 0% | +22% | 9% | 1.08× | 7.0% | 8.7% |
| 77 Bank 8341.T | Japan | $4.66B | +7% | +21% | 9% | 0.95× | 5.9% | 9.4% |
| BOK Financial BOKF | United States | $7.87B | -2% | +3% | 11% | 1.33× | 10.6% | 11.2% |
| Fulton Financial FULT | United States | $4.54B | +11% | +3% | 12% | 1.29× | 10.5% | 11.6% |
Bank of East Asia has 4 bonds outstanding with $2.20B face value. The agencies rate it BBB-.