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Bank of China's Jan-Sept profit up 9.09 pct

2014-10-31 08:03 Xinhua Web Editor: Qin Dexing
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Bank of China, the country's fourth largest commercial bank by market value, saw its net profits up 9.09 percent year on year to 131 billion yuan (21.3 billion U.S. dollars) in the first three quarters, new data showed Thursday.

Basic earnings per share rose to 0.47 yuan from 0.43 yuan for the same period last year, according to the quarterly report the bank filed with the Shanghai Stock Exchange.

Business revenue rose 13.3 percent to 346 billion yuan in the first nine months, while its total assets increased 11.2 percent to 15.4 trillion yuan by the end of September.

Non-performing loans ratio stood at 1.07 percent, slightly up by 0.11 percentage points in the end of last year.

The bank is listed in both Shanghai and Hong Kong. Its shares on Thursday edged up 0.74 percent in Shanghai but went down 0.81 percent in Hong Kong.

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