BOC Hong Kong (Holdings) (HK:2388) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BOC Hong Kong (Holdings) Limited reported a strong financial performance in the third quarter of 2024, with a 10.7% increase in net operating income year-on-year. The company capitalized on renewed economic activities and improved market sentiment to boost its net interest income and fee income, despite challenges from dampened credit demand. Customer deposits rose by 8.6%, while the bank maintained a low impaired loan ratio and solid liquidity and capital ratios.
For further insights into HK:2388 stock, check out TipRanks’ Stock Analysis page.
