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Bank of China H1 Net Profit Surges 12.9%

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Bank of China (OTC: BACHF) reported a 12.9% rise in its first-half net profit.

The bank's net profit for the period surged to 80.72 billion yuan ($13.23 billion), from CNY71.6 billion, in the year-ago period. However, analysts were expecting a profit of CNY77.8 billion.

Its net interest income increased 10.7% to CNY137.29 billion.

Bank of China shares closed at $0.43 yesterday.

 

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