Bank of China 2013 Net Profit Gains 12%

Bank of China

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.