Thursday, July 31, 2014   

Bank of China posts 156b yuan earnings
(03-26 17:17)

Beijing-based Bank of China (3988), which listed in Hong Kong in 2006, said today earnings for the year ended December 31, 2013, grew by 12.3 percent to 156.9 billion yuan for 2013, compared with 139.4 billion yuan a year earlier.
Earnings per share were 0.56 fen, up by 0.06 fen.
Return on average total assets increased to 1.23 percent, up by 0.04 percentage point compared with the previous year, Chairman Tian Guoli said.
Net interest margin increased by 9 basis points year-on-year to 2.24 percent.
Net interest income was 283.585 billion, up by 10.36 percent on year, the bank said.
Non-interest income grew by 13.47 percent, accounting for 30.41 percent of the group’s total operating income, up 0.58 percentage point year-on-year.
Cost of risk was effectively controlled, the bank said. Credit cost was 0.32 percent, and "remained at a fairly low level.'' –The Standard

   
Other Business breaking news:
European stocks down before US data (07-30 19:00)
Singapore Airlines profit slumps in first quarter (07-30 18:45)
Eurozone banks ease loan conditions for businesses: ECB (07-30 18:29)
Spain speeding away from crisis (07-30 18:03)
Sony to delist shares from LSE (07-30 17:06)
Trade slumps between HK, China (07-30 16:59)
NEC cuts net loss (07-30 16:57)
Nintendo logs quarterly net loss on Wii U costs (07-30 16:47)
Hang Seng extends win streak to seven days (07-30 16:12)
Barclays says first-half net profit soars (07-30 15:17)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.