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BOC's profit up 16.6% in Q3

Oct. 26, 2012 (China Knowledge) - Bank of China<601988><3988>, the nation's largest foreign exchange lender, has announced its net profit attributable to shareholders increase 16.6% YoY to RMB 34.76 billion in the third quarter of this year.

In the first nine month of this year, the Shanghai and Hong Kong listed company saw its net profit amount to RMB 106.36 billion, up 10.37% than in the same period of 2011.

From January to September, Bank of China's net interest income grew 13.23% YoY to RMB 189.44 billion, while its non-interest income for the period rose 2.58% YoY to RMB 79.99 billion.

Meanwhile, the lender saw its brokerage income for the nine-month period hit RMB 49.93 billion, reflecting a YoY decrease of 1.76%.

As of Sep 30, 2012, BOC's capital adequacy ratio reached 13.16%, 0.18 percentage points higher than at the end of last year, while its core capital adequacy ratio was 10.38% at the end of last month, 0.3 percentage points higher than at Dec 31, 2011.

By the end of last month, BOC had RMB 12.74 trillion in total assets, up 7.73% than at the end of 2011.

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