BEA boosts credit provisions to average 40%

News

Bank of East Asia (BEA) will hold its 14 synthetic collateralised debt obligations (CDOs) to maturity, but is unlikely to make any additional investments in synthetic structured investments in the near term, said Samson Li, the Hong Kong-based bank's chief investment officer.

In its mid-year earnings statement issued at the start of August, BEA said it had further written down the value of its CDOs by HK$1.31 billion ($167.7 million) in the first half of the year. The writedown reduced operating

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: