Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research The Bank of East Asia Limited

Summary: The Bank of East Asia Limited

Published Sep 28, 2016

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About This Report

Abstract:

Established franchise in Hong Kong. Adequate capitalization. Moderately high likelihood of government support due to moderate systemic importance in Hong Kong. Exposure to economic risk in China. Loan concentration to the property sector. Weakening profitability due to narrowing interest margins and rising credit costs. The negative outlook on The Bank of East Asia Limited (BEA) mainly reflects a one-in-three chance that we could downgrade the banks due to a lower likelihood of Hong Kong government support in the coming two years. The outlook also reflects the banks' weakening asset quality. We could lower our ratings on BEA by one notch if we believe the likelihood of extraordinary support from the Hong Kong government has reduced. This could happen upon the

Report Type:

Summary

Ticker

23@HK

Issuer

The Bank of East Asia Limited

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Hong Kong

Region

Emerging Markets

Format:

PDF

Bulletin: Sharp Loan Quality Deterioration Could Put Pressure On Ratings On Bank Of East Asia And Its China Subsidiary – 2017/02/21 – Free

Research Update: Bank of East Asia Placed On CreditWatch Negative Pending Implementation Of Hong Kong's Resolution Regime – 2017/04/25 – US$ 225.00

BEA And Some Hong Kong Banks' Subordinated Debt Put On CreditWatch Negative Pending Implementation Of Resolution Regime – 2017/04/25 – US$ 150.00

Bank Of East Asia Ltd.'s Proposed Additional Tier-1 Undated Non-Cumulative Subordinated Capital Securities Rated 'BB' – 2017/05/08 – US$ 150.00

Research Update: The Bank of East Asia Downgraded To 'A-/A-2' On Hong Kong's Implementation Of Resolution Regime; Outlook Stable – 2017/07/10 – US$ 225.00

The Bank of East Asia Limited – 2016/09/28 – US$ 500.00

The Bank of East Asia And Its China Subsidiary 'A/A-1' Ratings Affirmed; Outlook Remains Negative – 2016/09/22 – US$ 150.00

Research Update: The Bank of East Asia And Its China Subsidiary 'A/A-1' Ratings Affirmed; Outlook Remains Negative – 2016/09/22 – US$ 225.00

The Bank of East Asia And Its China Subsidiary 'A/A-1' Ratings Affirmed; Outlook Negative – 2016/08/02 – US$ 150.00

Research Update: The Bank of East Asia And Its China Subsidiary 'A/A-1' Ratings Affirmed; Outlook Negative – 2016/08/02 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Summary: The Bank of East Asia Limited" Sep 28, 2016. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Bank-of-East-Asia-Limited-1725695>

APA:	S&P Global Ratings’ Credit Research. (). Summary: The Bank of East Asia Limited Sep 28, 2016. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-The-Bank-of-East-Asia-Limited-1725695>

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