Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Bank of Communications' net profit hits RMB 50.74 bln in 2011

Mar. 29, 2012 (China Knowledge) - Bank of Communications<601328><3328>, the mainland's fifth-largest lender by market value, said yesterday that its net profit grew 29.95% year on year to RMB 50.74 billion last year, driven by higher net interest margin and an increase in non-interest income.

The bank's operating revenue jumped 21.8% year on year to RMB 126.96 billion in 2011. Net interest income rose 20.71% year on year to RMB 102.60 billion as net interest margin climbed 13 basis points to 2.59% in the year.

Net fee and commission increased 35.02% year on year to RMB 19.55 billion last year, accounting for 15.4% of the lender's total revenue.

At the end of 2011, the bank's capital adequacy ratio had risen 0.08 percentage points from a year earlier to 12.44%, while its core capital adequacy ratio had fallen 0.1 percentage points to 9.27%.

The lender saw its non-performing loan ratio drop 0.26 percentage points to 0.86% in the period and provision coverage ratio increase by 70.53 percentage points to 256.37%.

Bank of Communications had total assets of RMB 4.61 trillion as of the end of 2011, 16.69% more than a year earlier.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved