By Chester Yung
HONG KONG--BOC Hong Kong (Holdings) Ltd. (>> BOC Hong Kong (Holdings) Ltd) Wednesday reported its first-half net profit fell to 17.22 billion Hong Kong dollars (US$2.2 billion) from HK$42.84 billion a year earlier, as earnings in the previous year were buoyed by a one-off disposal gain.
The Hong Kong-listed bank, a unit of Bank of China Ltd. (>> Bank of China Ltd) said the net profit for the six months ended June from its continuing operations rose 25% on year to HK$14.63 billion, while its first-half net interest income rose 41% to HK$16.88 billion due to wider net interest margin.
The bank declared an interim dividend of HK$0.545 per share and a special dividend of HK$0.095 per share.
Separately, BOC Hong Kong said it appointed Chen Siqing as the bank's chairman with immediate effect.
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