The Bank of East Asia Limited (traditional Chinese: 東亞銀行有限公司) (SEHK: 0023,OTCBB: BKEAY) often abbreviated to BEA, is the largest independent local bank and the third largest bank in Hong Kong. Its chairman and chief executive is Sir David Li.
It was founded in Hong Kong in 1918 and has since grown to a HK$19.4 billion (US$2.5 billion) market capitalization, with consolidated assets of US$50.85 billion (as at 30 June 2008). It is listed on the Hong Kong Stock Exchange as BEA. The Bank of East Asia has 91 retail branches in Hong Kong, as well as 60 in mainland China and around 30 in the United States, Canada and Britain. Worldwide, the bank employs more than 10,800 people.
In 1995, BEA acquired United Chinese Bank, which was fully merged with the bank in 2001. In 2000 it acquired First Pacific Bank.
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