About The Bank of East Asia
The Bank of East Asia is a company based in Hong Kong (China) founded in 1918 was acquired by AIA Group in September 2021.. The company has 7,880 employees as of December 31, 2024. The Bank of East Asia has completed 1 acquisition, including PRASAC. The Bank of East Asia operates in a competitive market with competitors including Investec, UniCredit, SVB, Scotiabank and Bank of America, among others.
- Headquarter Hong Kong, China
- Employees 7880 as on 31 Dec, 2024
- Stage Public
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Bank Of East Asia Ltd.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
IPO & Listings of The Bank of East Asia
The Bank of East Asia is a publicly listed company on the HKEX with ticker symbol 23 in Hong Kong, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of The Bank of East Asia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in The Bank of East Asia
The Bank of East Asia has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include AIA Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Life insurance and related services are offered across Asia-Pacific markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by The Bank of East Asia
The Bank of East Asia has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include PRASAC. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Microfinance services are extended to clients across Cambodia.
|
1995 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - The Bank of East Asia
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
The Bank Of East Asia Comparisons
Competitors of The Bank of East Asia
The Bank of East Asia operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Investec, UniCredit, SVB, Scotiabank and Bank of America, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Commercial bank
|
|
| domain | founded_year | HQ Location |
Banking services are provided to innovative companies, investors, and individuals.
|
|
| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
|
|
| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
|
|
| domain | founded_year | HQ Location |
Diversified banking and wealth management services are provided in China.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on The Bank Of East Asia
Frequently Asked Questions about The Bank of East Asia
When was The Bank of East Asia founded?
The Bank of East Asia was founded in 1918.
Where is The Bank of East Asia located?
The Bank of East Asia is headquartered in Hong Kong, China.
Who is the current CEO of The Bank of East Asia?
David Li is the current CEO of The Bank of East Asia.
How many employees does The Bank of East Asia have?
As of Dec 31, 2024, the latest employee count at The Bank of East Asia is 7,880.
What is the annual revenue of The Bank of East Asia?
Annual revenue of The Bank of East Asia is $5.8B as on Dec 31, 2024.
What does The Bank of East Asia do?
The Bank of East Asia was founded in 1918 in Hong Kong, China, and operates as a commercial bank in the financial sector. Corporate banking, personal banking, wealth management, and investment services are provided to individual and business clients. In 2022, annual revenues of 3.79 billion were recorded, along with a net profit of 0.47 billion. Operations are centered in Hong Kong with a focus on regional financial needs.
Who are the top competitors of The Bank of East Asia?
The Bank of East Asia's top competitors include Investec, SVB and Scotiabank.
Is The Bank of East Asia publicly traded?
Yes, The Bank of East Asia is publicly traded on HKEX under the ticker symbol 23.
How many acquisitions has The Bank of East Asia made?
The Bank of East Asia has made 1 acquisition, including PRASAC.
Who are The Bank of East Asia's investors?
The Bank of East Asia has 1 investor. Key investors include AIA Group.
What is The Bank of East Asia's ticker symbol?
The ticker symbol of The Bank of East Asia is 23 on HKEX.