Bank of China H1 Net Profit Surges 12.9%

Bank of China (OTC:

) 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.