Advanced Theory & Practice of Bonds

Recognized under IBF-FTS | 7-8 June 2022 | 12 CPD Hours

Comprehensive 2-day course on bonds designed for private bankers, wealth managers and advisors.

Bank of China reported a 12.3% YoY increase in its 2021 net profits to RMB 216.6bn ($34.1bn). The number also beat analysts’ estimates of RMB 209.8bn ($33.1bn) and was its biggest net profit increase since 2013. The bank’s net interest income grew to RMB 425bn ($66.9bn) from RMB 415.9bn ($65.5bn) in 2020, helped by higher interest income on loans and investments. Due to the pandemic, inflation and monetary-policy adjustments by developed markets, Bank of China said that the industry now faces a “complicated operating environment”. It expects loans in mainland China to grow by about 10% in 2022. The lender’s non-performing loans (NPL) ratio fell 13bp to 1.33%. Other banks like BOCOM, ICBC, AgBank of China, CCB and Postal Savings Bank of China also reported results. Overall, Chinese banks recorded a combined 12.6% growth in profits last year.

Bank of China’s dollar bonds were unchanged with its 5.9% Perp at 103.63, yielding 3.31%.

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