BOC reports better H1 results

After tax profit was US$13.3b.

Bank of China’s interim financial results for the first half of 2013 showed an after tax profit of US$13.3 billion, an increase of 12.4% year-on-year.

Profit attributable to equity holders came to US$13.1 billion, up 12.9% compared to the same period in 2012. Customer deposits at the end of June amounted to US$1.6 trillion, up by more than US$114 billion.

Biannual non-interest income rose by over 24% to US$11.3 billion with net fee and commission income up 32.8% to US$7.4 billion.

Return on average total assets was 1.3% with return on average equity at 18.9%.

Chairman Tian Guoli said that despite a complex and challenging situation both at home and abroad, the bank would firmly seize its opportunities and work to satisfy expectations through sustainable development.