Bank of China sees increase in income, plunge in profit
Date
11/22/2020 9:15:17 AM
(MENAFN) The bank of China (BOC), one of the country's four big state-possessed lenders, witnessed its income enlarge vaguely in the first three quarters of 2020, while its net profit dropped.
The bank's income increased 3.23 percent year on year to 430.302 billion yuan (about USD64.9 billion) in the first nine months, the bank stated in a report filed with the Hong Kong Exchanges and Clearing Limited.
Reported post-tax income for the January-September period came in at 155.986 billion yuan, dropped 8.91 percent year on year.
By the end of September, the outstanding credits for poverty lessening had surged to 142.017 billion yuan, increased 21.09 percent compared with the start of 2020 statistics from the bank's official website revealed.
MENAFN22112020000045011134ID1101166557
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.