Financial Markets
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks

Company - Domestic
 Search News  Or
Bank of Communications' Q1 profit up 19.58%

May. 2, 2012 (China Knowledge) – Bank of Communications<601328><3328>, the mainland's fifth-largest lender by market value, said its net profit grew 19.58% year on year to RMB 15.88 billion in the first quarter of this year.

According to a statement filed with Shanghai Stock Exchange, the lender saw its operation revenue increased 20.75% than a year earlier to RMB 36.52 billion in the three-month period.

Basic earnings per share were RMB 0.26, RMB 0.05 more than it realized in the same period of last year.

At the first three month of this year, Bank of Communications realized RMB 28.37 billion in net interest income, up 19.52% year on year, and its revenue from bank charges and brokerage rose 21.89% than a year earlier to RMB 6.04 billion.

As of the end of March, the lender's core capital adequacy ratio increased 0.12 percentage points from the end of last year to 9.39%, however its capital adequacy ratio decreased 0.02 percentage points to 12.42%.

Last year, Bank of Communications booked a net profit of RMB 50.74 billion, reflecting a year-on-year increase of 29.95%, driven by higher net interest margin and an increase in non-interest income, China Knowledge reported earlier.

Add this     
Copyright © "2015"

Send feedback or comments to:

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


 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