Net operating income before impairment allowances increased by 9.8 per cent year-on-year to HK$44.282 billion ($5.70 billion), driven by growth in net interest income and net fee and commission income.

Operating profit before impairment allowances rose by 10.9 per cent to HK$31,310 million. Profit attributable to the equity holders increased by 10.4 per cent year-on-year to HK$24.577 billion - earnings per share of HK$2.3246.

The bank recommended the declaration of a proposed final dividend of HK$0.575 per share for 2014. This, together with the interim dividend of HK$0.545 per share, results in a total dividend of HK$1.120 per share. The dividend payout ratio is 48.2 per cent for the year. The dividend declaration is subject to the approval of shareholders at the forthcoming annual general meeting to be held on 16 June 2015.

BOC Hong Kong, which is listed in Hong Kong, is 66.06 per cent owned by .