The Bank of East Asia Limited Revenue and Competitors

BEA is the largest independent local bank in Hong Kong, with total consolidated assets of HKD238.8 billion (USD30.79 billion) as of 31st December, 2005. BEA is listed on the Stock Exchange of Hong Kong and is one of the constituent stocks of the Hang Seng Index. In Hong Kong, the Bank now operates over 110 branches and SupremeGold Centres and employs more than 3,400 staff members. The Group employs over 6,400 personnel worldwide. In China, nine BEA branches are authorised to offer Renminbi services to foreign individuals and all local and foreign-invested enterprises operating on the Mainland. In addition to Cyberbanking services, which were introduced for personal banking customers in China in 2002, BEA launched Corporate Cyberbanking for its corporate clients in China in early 2004. On the international front, BEA expanded its West Coast presence with the acquisition of Grand National Bank in the United States in 2001. The banking subsidiary was then renamed The Bank of East Asia (U.S.A.) N.A. ("BEA-USA") in 2002. In 2003, BEA-USA moved its headquarters from California to New York, with the opening of the banking subsidiary's first branch in New York City. In addition to the branches operated by BEA-USA, BEA serves its North American customers through the Bank's other branches in Los Angeles and New York, plus the branches in Canada operated by The Bank of East Asia (Canada). Further branches in the United Kingdom, the British Virgin Islands, and Southeast Asia enable BEA to support its customers around the world.