BOC鈥檚 net earnings jump 13.9% in Q1
Print Edition
THE Bank of China, the fourth-biggest lender in the country, posted a 13.9 percent annual growth in net profit in the first quarter as net interest margin improved.
The growth marks a significant jump from the 8.2 percent rise in the same period of last year, and 9.9 percent in 2012.
Net profit rose to 45.4 billion yuan (US$7.3 billion) in the first three months from 39.8 billion yuan a year ago, BOC said in its quarterly earnings report yesterday. Net interest income added 14 percent to 76.5 billion yuan, while net interest margin, a measure of loan profitability, widened by 0.07 percentage points to 2.29 percent at the end of March.
BOC saw its non-performing loans rise to 80.3 billion yuan at the end of March from 73.2 billion yuan at the end of last year, while its bad loan ratio edged up 0.02 percentage points during the period to 0.98 percent.
Non-interest income jumped 12.8 percent from a year earlier to 43.4 billion yuan, accounting for 36 percent of its operating income, a drop of 0.28 percentage points.
BOC is the first among China’s top-five lenders to release earnings for the first quarter.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
