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BoCom's H1 profit up 17.8%

Aug. 31, 2012 (China Knowledge) - Bank of Communications<601328><3328>, the mainland's fifth-largest lender by market value, has announced its net profit attributable to shareholders rose 17.78% YoY to RMB 31.09 billion in the first half of this year.

Basic earnings per share for the period were RMB 0.5, up 16.28% from a year earlier.

In a statement filed with Hong Kong Stock Exchange, the lender saw its net interest income for the six months period reach RMB 58.39 billion, reflecting a YoY increase of 17.79%, while its net fee and commission income grew 12.36% YoY to RMB 10.96 billion in H1.

At the end of June 30, 2012, the bank's capital adequacy ratio increased 0.13 percentage points from the end of last year to 12.57%, and its core capital adequacy ratio rose 0.31 percentage points to 9.58%.

Bank of Communications had RMB 5.15 trillion in total assets by the end of Jun, 11.73% more than at the beginning of this year.

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