Home / Business / Companies

BOC Q1 net profit up 8.2%

Xinhua | Updated: 2013-04-26 11:15

BEIJING - Bank of China, the nation's third-largest lender by asset value, said Thursday its net profit rose 8.2 percent year-on-year to 39.82 billion yuan ($6.39 billion) in the first quarter of 2013.

The growth was slower than the annual net profit increase of 12.2 percent recorded in 2012.

Net interest income climbed 10.5 percent year-on-year to reach 66.96 billion yuan in the first quarter, the BOC said in a statement.

Non-interest income gained 12.12 percent to 38.49 billion yuan, with income from commissions and service fees surging 16.92 percent, according to the statement.

The bank's non-performing loan ratio declined by 0.04 percentage point from three months earlier to 0.91 percent at the end of March.

As of the end of March, the BOC's assets totaled 13.24 trillion yuan, up 4.43 percent from the end of 2012, while its liabilities climbed 4.41 percent to 12.34 trillion yuan.

BOC downgrades Suntech’s loan to NPL status

BOC 2012 net profits up 12.2%

BOC launches branch in Chicago

BOC's Taipei branch to conduct yuan business

BOC opens first subsidiary in Middle East

BOC sees 7.8% growth for China in 2012


Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349