皇冠体育app

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BOC enjoys leap in first-quarter profit

By LUO JUN | 皇冠体育app Daily | Updated: 2010-04-28 07:56

SHANGHAI - Bank of 皇冠体育app Ltd, the nation's third-largest lender by market value, said first-quarter profit rose 41 percent, aided by rising demand for loans and fee-based services.

Net income climbed to 26.23 billion yuan ($3.8 billion), or 0.10 yuan a share, from 18.57 billion yuan, or 0.07 yuan a year earlier, Beijing-based Bank of 皇冠体育app said in a statement on Tuesday.

Profit beat the 25 billion yuan average estimate of six analysts surveyed by Bloomberg.

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