Bank of China net profit up 5.22% in first 3 quarters
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E-mail Xinhua, October 31, 2019
The Bank of China, one of the country's four biggest lenders, reported a 5.22-percent surge in net profit in the first three quarters.
The company raked in 171.25 billion yuan (about 24.22 billion U.S. dollars) in net profit, while shareholders' after-tax profit was 159.58 billion yuan, up 4.11 percent year on year in the first three quarters, according to the company's report filed with the Shanghai Stock Exchange Wednesday.
The total assets of the group stood at 22.61 trillion yuan at the end of September, up 6.3 percent from the end of last year.
Its total liabilities hit 20.62 trillion yuan, up 5.52 percent over the end of last year.
At the end of September, the non-performing loan ratio was 1.37 percent, down 0.05 percentage points from the end of last year.
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