vested
Bank of China Limited interim profit rises to 109b yuan
Bank of China Limited (3988) reported today half-year net profit increased by 5.21 percent year-on-year to 109.088 billion yaun.
The return on average total assets was at 1.16%, and return on average equity was 15.29 percent for the six months ended June 30.
Group’s assets amounted to 20.29 trillion yuan, while liabilities stood at 18.68 trillion, this represened growth of 4.25 percent and 4.44 percent, respectively.
Group profit grew by 4.55 percent to 115.57 billion yuan, the bank reported.
Non-performing loans stood at 163.304 billion yuan and the NPL ratio "remained at the reasonable level of 1.43 percent,'' the bank said. The allowance for loan impairment losses to non-performing loans was 164.79 percent.
Net interest income increased by 7.06 percent, or 11.65 billion yuan, in the first half to 176.701 billion yuan.
Net interest margin was 1.88 percent, up by 4 basis points compared with the same period of the prior year.
Non interest income fell by 10.25 percent on year, or by 8.54 billion yuan to 74.78 billion yaun, the bank reported. Non interest income represented 29.74 percent of operating income.
Net fee and commission income also fell by 2.03 percent, 999 million yuan to 48.18 billion yuan.
Net fee and commission income represented 19.16 percent of operating income.
Source: The Standard
http://www.thestandard.com.hk/breaking- ... r=20180828