BRIEF-Boc Hong Kong Holdings says FY net profit HK$55.50 billion vs HK$26.98 billion

March 31 (Reuters) - Boc Hong Kong Holdings Ltd

* Fy net operating income before impairment allowances hk$

41,754 million versus hk$40,181 million a year ago

* Fy net profit hk$55,503 million versus hk$ 26,982 million

a year ago

* Board has recommended a final dividend of hk$0.625 per

share

* Heading into 2017, the overall operating environment for

banks in Hong Kong will remain challenging

* In Hong Kong, the subdued global environment will probably

maintain growth at a low level

* "Growth trends are expected to be divergent in asean

member countries"

* "Heading into 2017, overall operating environment for

banks in Hong Kong will remain challenging"

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