Latest News:  

English>>Business

BOC Q1 net profit up 8.2 pct

(Xinhua)

08:41, April 26, 2013

BEIJING, April 25 (Xinhua) -- Bank of China (BOC), 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 U.S. dollars) 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.

We Recommend:

Living in mini homes in China

Stunning models at Bangkok Int'l Auto Show

Shanghai Tower, tallest skyscraper in China

Bird flu fears hit poultry industry

Bird flu takes toll on poultry industry

Int'l footwear exhibition kicks off in Shanghai

Email|Print|Comments(Editor:ChenLidan、Ye Xin)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Military high-techs used in quake rescue

  2. Qingdao destroyer open to visitors

  3. 22nd ASEAN Summit kicks off in Brunei

  4. Cool shades as summer is coming

  5. A migrant worker’s life after work in photos

  6. Preventing disease after the quake

  7. 'Qing Dynasty Queen' hosts sacrificial rites

  8. WAGs of snooker players

  9. Entrepreneurs see potential in market

  10. No new stimulus needed as economy remains stable

Most Popular

Opinions

  1. Urbanization to fuel China's economic growth
  2. Supervise, don't smear Red Cross
  3. Offering security protection for co-development
  4. Insisting on wrong road, Japan has no future
  5. US 'turns blind eye to human rights'
  6. Are cities expanding too fast and too soon?
  7. Homework, games limit kids' reading
  8. Commentary: Quake-hit China grows in pain
  9. Loan guidance is good for banks, report says
  10. IMF should act responsibly

What’s happening in China

Giant pandas safe in quake-hit zone

  1. Man used fake bomb in attempt to rob bank
  2. Bodies of 2 infants found along river
  3. Bird-watchers undaunted by H7N9 virus
  4. China destroys nearly 30 mln pirated publications
  5. Beijing officials to sweep streets