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BRIEF-Bank of Communications posts HY net profit attributable of RMB38.98 bln
August 24, 2017 / 8:59 AM / 3 months ago

BRIEF-Bank of Communications posts HY net profit attributable of RMB38.98 bln

Aug 24 (Reuters) - Bank Of Communications Co Ltd

* HY net profit attributable RMB38,975 million versus RMB37,661 million

* HY net interest income RMB‍62,708​ million versus RMB68,148 million

* As at June 30, capital adequacy ratio was 13.86 percent

* As at June 30, impaired loans ratio was 1.51 percent

* In second half of 2017, macroeconomic and financial environment appear to remain to be complex and uncertain

* Will not distribute an interim dividend or convert any capital reserve into share capital for six months ended 30 June 2017​

* In second half, interest rate spread will tend to become narrow and credit costs are expected to increase continuously Source text (bit.ly/2wqE61g) Further company coverage:

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