Bank of China sees net profit down 11.51 pct in H1


Source: bignewsnetwork.com bignewsnetwork.com

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BEIJING, Aug. 30 (Xinhua) -- The Bank of China, one of the country's big four state-owned lenders, said its net profits plunged 11.51 percent year on year in the first half of 2020 (H1). The bank registered 100.92 billion yuan (about 14.65 billion U.S. dollars) in its net profit attributable to equity holders in the first six months of this year, according to its H1 report. During the period, the bank's operating income rose 3.24 percent year on year to 285.71 billion yuan, according to the report. As of the end of the second quarter, the total assets stood at...