BEA boosts credit provisions to average 40%


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

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