Bank of East Asia

The Bank of East Asia Limited (Traditional Chinese: 東亞銀行有限公司) often abbreviated to BEA, is the largest independent local bank and the third largest bank in Hong Kong. The bank's coverage specialists and product professionals work together to leverage Bank of East Asia's global strength to meet clients' comprehensive needs including working capital needs, treasury management, trade finance & solutions, capital raising, risk management, forex and fixed income. With a global network of intermediaries and counterparties, Bank of East Asia offer access to a wide range of investment products and solutions backed by reliable, unbiased and consistent advice.

The Singapore branch provides full commercial banking services in this prime investment location. Singapore operations make up as one of the largest part of Bank of East Asia's business overseas, with commercial and retail banking dominating.

As a Full Banks in Singapore, Bank of East Asia may provide the whole range of commercial banking business approved under the Banking Act.  Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, the banks may also carry on any other business which is regulated or authorized by MAS, including financial advisory services, insurance broking and capital market services.

Commercial banks in Singapore are licensed under and governed by the Banking Act. They may undertake universal banking. Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, the banks may also carry on any other business which is regulated or authorised by MAS, including financial advisory services, insurance broking and capital market services. (Section 30 of the Banking Act defines the permissible activities). Commercial banks and their representatives do not have to be separately licensed to carry out such activities, but must comply with the business conduct requirements prescribed in the Financial Advisers Act (FAA), Insurance Act (IA) and Securities and Futures Act (SFA) accordingly.