Bank of Communications profits up 5.7% in 2014
Updated: 2015-03-27 09:59
(Xinhua)
|
|||||||||||
|
A branch of the Bank of Communications Ltd in Qiqihar, Heilongjiang province. Bank of Communications, China's fifth largest lender, said on March 30 that its net profits reached 62.3 billion yuan ($10.13 billion) in 2013, up 6.73 percent year on year. [Photo/China Daily] |
BEIJING -- The Bank of Communications, a major domestic commercial bank, said on Thursday that its net profit increased 5.71 percent year on year to 65.85 billion yuan ($10.76 billion) in 2014.
The bank said that profits were mainly from net-interest income, service charges and commission, according to its annual business report filed with the Shanghai Stock Exchange.
The Shanghai-headquartered bank said its customers' deposit balance stood at 4.03 trillion yuan as of the end of 2014, down 3.08 percent; its outstanding loans stood at 3.43 trillion yuan, up 5.06 percent, compared to the beginning of 2014.
As of the end of 2014, the bank's total assets reached 6.27 trillion yuan, up 5.16 percent from year-beginning, while its non-performing loans hit 43 billion yuan, up 8.7 billion yuan compared to the start of 2014, the report showed.
Related Stories
Bank of Communications handles renminbi clearing businesses in Seoul 2014-11-27 15:38
Bank of Communications profits up 5.6% 2014-08-22 09:13
Bank of Communications designated as clearing bank for won-yuan trading in S.Korea 2014-07-04 17:04
Bank of Communications executives snap up shares 2014-05-16 07:14
Profits at Bank of Communications up 9% 2013-10-31 10:07
Today's Top News
Voice recordings show one pilot locked out cockpit
Geely to invest $372m on new London Taxi facility
Netherlands' PM to meet with Xi
Italian vineyards see a glass that's half full in China
Moscow says US security strategy 'anti-Russia'
Cockpit voice recorder of crashed airliner found, probe under way
Queen approves new coin for birth of second baby of Prince William
House passes resolution urging Obama to send arms to Ukraine
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Annual legislative and political advisory sessions |
Festival Special: Apps that make holiday shopping easier |
Listed firms caught in anti-corruption net |
Conca set to return to China |
CES: Spotlight on Chinese gadgets |
Yearender: What happened around the globe in 2014 |