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Bank of China posts 6.3% rise in H1 profit

Bank of China posts 6.3% rise in H1 profit

FILE PHOTO: A security guard wearing a mask following the coronavirus disease (COVID-19) outbreak is seen near the Bank of China in Beijing, China, October 19, 2020. REUTERS/Tingshu Wang

BEIJING : Bank of China Ltd (BoC), the country's fourth largest bank by assets, posted on Tuesday a rise of 6.3 per cent in first-half net profit.

BoC, which has the largest global network among Chinese lenders, said net profit for the first six months of 2022 grew to 119.9 billion yuan ($17.38 billion) from 112.81 billion a year earlier.

Source: Reuters

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