[ET Net News Agency, 27 April 2018] BOC Hong Kong (02388) said the Group's net
operating income before impairment allowances grew by 18.3% year-on-year and 5.8%
quarter-on-quarter for the first quarter of 2018 to HK$13,814 million.
Advances to customers increased and market interest rates rose, which led to the
increase in net interest income and the rise in net interest margin (including the funding
income or cost of foreign currency swap contracts) on both a year-on-year and
quarter-on-quarter basis.
Commission income from securities brokerage, insurance and funds distribution rose both
year-on-year and quarter-on-quarter as a result of the opportunities from satisfactory
investor sentiment in the market and the Group's commitment in enriching diversified
investment services. (HL)
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02388 BOC HONG KONG
Nominal 
23.750 +0.350 (+1.496%) Others
27/04/2018 16:40
BOCHK 1Q net operating income before impairment up 18.3% yoy
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