[ET Net News Agency, 29 April 2020] BOC Hong Kong (Holdings) Limited (02388) said in
the first quarter of 2020, the group's net operating income before impairment allowances
increased by 2.7% year-on-year to HK$14,887 million. If the funding income or cost of
foreign currency swap contracts were included, net interest income would have amounted to
HK$10,518 million, representing a year-on-year increase of 2.7%, which was mainly
attributable to growth in average interest-earning assets driven by advances to customers.
Operating expenses increased by 2.7% year-on-year. Staff costs rose, mainly due to
annual salary increment, increased headcount and higher staff allowance and
welfare-related expenses. (RC)
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02388 BOC HONG KONG
Nominal 
22.500 -0.150 (-0.662%) Result Announcements
29/04/2020 17:19
BOC HK (02388) 1Q net operating income up 2.7%
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