Chong Hing Bank reports 51% profit defying mainland bad loan tide

Chong Hing Bank - FY15 pre-tax profit of HKD 1.2bn ($154m), up 51%, YoY, due to an aggressive expansion, significant increase in cross-border lending, strong fee income from securities trading and an industry-low level of NPLs at just 0.04%, thereby defying the mainland bad loan tide.

Chong Hing Bank vice-chairman Margaret Leung and chairman Zhang Zhaoxing at its results announcement on Wednesday. Photo: David Wong