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BOC HONG KONG (02388.HK)  +0.450 (+1.670%)    Short selling $19.97M; Ratio 8.966%   announced the annual results for the year ended 2014. Total operating income inched up 7.79% year-on-year to $53.45 billion. Net profit recorded an annualized 10.45% growth to $24.58 billion, with EPS amounting to $2.3246. Final dividend rose 11 cents over the previous year to 57.5 cents.

During the period, net interest income mounted 14.34% from a year earlier to $31.92 billion, while net interest margin widened to 1.72%, up 4 ppts as compared with the corresponding period of last year. Net fee and commission income grew by 12.91% to $10.12 billion. Net insurance premium income receded 16.5% yearly to $7.66 billion.

During the period, capital adequacy position was further strengthened. The total capital ratio was 17.51% while the Tier 1 capital ratio was 12.38%. Average liquidity ratio equaled 42.17%, up 4.24 pts.

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