SHANGHAI, Oct 27 (Reuters) - Bank of Communications Co Ltd , China’s fifth-largest listed bank by assets, reported a 3.5 percent rise in third-quarter net profit and no change to its bad loan ratio.
BoCom on Friday posted a net profit of 15.44 billion yuan ($2.32 billion) for the July-September period, up slightly from 14.92 billion yuan a year earlier.
That is slightly below the 4 percent average rise in third quarter net profit estimated by four analysts surveyed by Reuters.
BoCom’s net interest margin was 1.57 percent at end-September, up 1 basis point compared with that in the second quarter.
The bank’s non-performing loan ratio was 1.51 percent at end-September, unchanged from end-June.
$1 = 6.6512 Chinese yuan Reporting by Engen Tham in SHANGHAI and Shu Zhang in BEIJING; Editing by Jacqueline Wong