Banking News
- BoCom first-half profit jumps 42 percent
Date: 17-Aug-2007 Sources: (Shenzhen Daily)
BANK of Communications (BoCom), the country's fifth-largest lender, posted a 42 percent rise in first-half earnings Thursday, in line with analysts expectations and driven by a surge in lending and fee-based income.
Bank of Communications, which is 18.6 percent owned by HSBC Holding, earned 8.56 billion yuan (US$1.13 billion) in the first half, compared with 6.03 billion yuan in the same period last year. The bank earned 4.79 billion yuan in the second quarter ended June, versus 3.13 billion yuan a year ago.
Sponsor Results:
