Bank of China’s Profit Rises 3.4% in Quarter From Year EarlierBloomberg News
Bank of China Ltd., the nation’s fourth-largest lender, reported a 3.4 percent increase in second-quarter profit even after setting aside extra provisions to boost its bad-loan buffer.
Net income rose to 46.4 billion yuan ($6.9 billion) in the three months ended June 30, from 44.9 billion yuan a year earlier, according to figures derived from first-half numbers released by the Beijing-based bank on Tuesday. That compared with the median 45.1 billion-yuan estimate of six analysts in a Bloomberg survey.
— With assistance by Jun Luo