BOC profitable
Source: Xinhua |
March 25, 2011, Friday
|
Print Edition
Print Edition
THE Bank of China yesterday said its net profit totaled 104.4 billion yuan (US$15.9 billion) last year, an increase of 29.2 percent from a year earlier.
The growth in profit was mainly due to increased net interest income, the bank said in a statement to the Hong Kong stock exchange.
Its net interest income rose 22.08 percent year on year to 193.96 billion yuan last year.
The lender's mainland branches extended 617.17 billion yuan of new yuan-denominated loans last year, up 17.58 percent year on year.
The growth in profit was mainly due to increased net interest income, the bank said in a statement to the Hong Kong stock exchange.
Its net interest income rose 22.08 percent year on year to 193.96 billion yuan last year.
The lender's mainland branches extended 617.17 billion yuan of new yuan-denominated loans last year, up 17.58 percent year on year.
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