Bank of China Q3 Net Profit Rises 6.36 Percent
Bank of China announced its third quarter net profit increased 6.36 percent from a year earlier to 63.88 billion yuan. The growth reflects steady performance during the period ending in September.
Insights:
Bank of China posted a 6.36% increase in third-quarter net profit, reaching 63.888 billion yuan ($9.60 billion) in the period ended September 30. The state-backed lender improved upon the 60.069 billion yuan recorded in the corresponding period of the previous year. The earnings expansion highlights steady performance within China's major financial institutions amid ongoing economic adjustments.
