Market Overview

Bank of China Net Profit Surges


Bank of China Ltd. (OTC: BACHY) reported an 8% gain in its 2014 net profit.

The banks' net profit for the year rose to 169.6 billion yuan ($27.35 billion), compared to a year-earlier profit of 156.91 billion yuan.

Bank of China's net interest income climbed 13% to 321.1 billion yuan, while fee and commission income gained 9% to 135.23 billion yuan.

Its profit for the fourth quarter climbed to 38.5 billion yuan ($6.20 billion), versus 36.7 billion yuan in the year-ago period. Analysts were expecting a profit of 37.7 billion yuan.

Bank of China shares fell 0.92% to close at $14.25 yesterday.

Posted-In: profitEarnings News


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