Reuters logo
Bank of China Q1 profit flat, bad loans rise
April 28, 2017 / 9:13 AM / 7 months ago

Bank of China Q1 profit flat, bad loans rise

BEIJING, April 28 (Reuters) - Bank of China Ltd (BoC) , the country’s fourth-biggest lender by assets, posted flat first-quarter net profit growth on Friday, missing estimates as bad loans weighed on its balance sheet.

Profit was 46.6 billion yuan ($6.76 billion) in the three months ended March 31, flat from 46.6 billion yuan a year earlier.

The result compared with an average estimate of 47.7 billion yuan from three analysts polled by Reuters.

BoC said its non-performing loan ratio was 1.45 percent at end-March, against 1.46 percent at end-December. Its NPLs topped 150.3 billion yuan at end-March compared to 146 billion yuan at end-December. ($1 = 6.8971 Chinese yuan renminbi) (Reporting by Shu Zhang and Matthew Miller; Editing by Stephen Coates and Muralikumar Anantharaman)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below