Unscathed Bank of East Asia set to kick off reporting season

Bank of East Asia (BEA) launches the reporting season for banks in Hong Kong on Tuesday, and the city’s biggest locally-owned bank has arguably had a better year than some of its bigger peers.

Analysts say the bank is likely to report a solid profit rise of about 20 per cent, which compares favourably to the results of some big US and European names, who are still paying the price for missteps during the subprime and euro zone crises.

via Business feed http://www.scmp.com/business/banking-finance/article/1156450/unscathed-bank-east-asia-set-kick-reporting-season