by Amruth Sundarkumar | Mar 31, 2022 | Banks, China
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...
by bondevalue | Apr 30, 2021 | China, Financial Institutions
China’s large state-owned banks reported earnings in-line with estimates: China Construction Bank (CCB) led profit growth, up 2.8% YoY, reporting a net income of CNY 83.1bn ($12.9bn). Impairment losses rose to CNY 52.3bn ($8.1bn). The lender reported an NPL ratio of...
