06 Oct 2014

Bank of China (Hong Kong) ("BOCHK") is named the Strongest Bank 2014 in Asia Pacific and Hong Kong by Asian Banker in recognition of its solid financial position and competence to drive long-term profitability.

Asian Banker commended, "Based on the performance in fiscal year 2013, BOCHK had the strongest bank balance sheet, on the back of its stronger asset and profit growth, even as it maintained a high level of capital adequacy, asset quality and liquidity. The Bank managed to keep cost-to-income ratio low at 30% and achieved a 17% growth in operating profit to US$3.5 billion."

BOCHK has been pursuing a proactive yet prudent approach in managing its balance sheet, delivering consistently solid financial results. Both deposits and loans achieved healthy growth, while stringent risk management safeguarded asset quality. It maintains a sound capital and liquidity position to support its sustainable development.

The Asian Banker 500 Strongest Bank ranking is a comprehensive annual evaluation on the financial performance of banks in Asia Pacific based on six performance indicators, including their scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. It honours the top performing banks which demonstrate long-term profitability from their core businesses.

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About Bank of China (Hong Kong) Limited

Bank of China (Hong Kong) Limited ("BOCHK"), established on 1 October 2001, is a leading listed commercial banking group in Hong Kong. With over 260 branches, more than 600 ATMs and other distribution channels in Hong Kong, BOCHK and its subsidiaries offer a comprehensive range of financial products and services to personal and corporate customers. BOCHK is one of the three note issuing banks in Hong Kong. In addition, the BOCHK Group (comprising BOCHK, Nanyang Commercial Bank and Chiyu Banking Corporation) and its subsidiaries have 43 branches and sub-branches in the Mainland of China to provide cross-border banking services to customers in Hong Kong and the Mainland. BOCHK is appointed by the People's Bank of China as the Clearing Bank for Renminbi business in Hong Kong, and is authorised as the Clearing Bank of RMB banknotes business for the Taiwan region.

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, began trading on the main board of the Stock Exchange of Hong Kong on 25 July 2002, with stock code "2388", ADR OTC Symbol "BHKLY".



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