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Sunday, 01 May 2022 09:59

Bank of China posts rise of 7% in Q1 profit

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FILE PHOTO: People use ATM's inside the Bank of China head office building in Beijing, China March 30, 2016. REUTERS/Damir Sagolj/File Photo - 

 

Bank of China Ltd (BoC), the country's fourth largest bank by assets, posted on Saturday a rise of 7 per cent in first-quarter net profit as the economy recovers from the coronavirus pandemic.

BoC, which has the largest global network among Chinese lenders, said net profit for the first three months of 2021 grew to 57.8 billion yuan ($8.75 billion) from 54 billion a year earlier//CNA

 

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