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Bank of China 2013 Net Profit Gains 12%

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Bank of China Net Profit Surges

Bank of China (OTC: BACHY) reported a 12% gain in its 2013 net profit.

Bank of China's net profit for the year surged to 156.91 billion yuan ($25.7 billion), versus a year-ago profit of 139.43 billion yuan. However, analysts were expecting a profit of 151.26 billion yuan.

The bank's net interest income increased 10.4% to 283.59 billion yuan.

Bank of China shares closed at $10.48 yesterday.

Posted-In: profitEarnings News


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