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Bank of East Asia profits up 60% on strength of Mainland business

The Bank of East Asia (BEA) has announced a record-high profit after tax of HK$4.3bn (US$552.4mn) in 2010, a growth of 60% higher from the previous year. Much of this growth comes from the bank’s franchise network in Mainland China as well as its strong client base in Hong Kong. The chairman and chief executive of the bank, David Li…

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