Bank of China net profit up 26 pct to 81 bln yuan for 2009

08:20, March 24, 2010      

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The Bank of China, the country's third largest bank by market value, reported a 25.96 percent year on year growth in net profit last year, according to its annual business report released Tuesday.

Its net profit reached 81.1 billion yuan (11.9 billion U.S. dollars) in 2009 while earnings per share was 0.32 yuan, according to the report.

Assets totalled 8.75 trillion yuan by the end of 2009, up 25.84 percent, as its gross liabilities increased 27 percent to 8.21 trillion yuan.

The bank's overseas outlets raked in a total of 50 billion yuan in business revenues last year, up 16.85 percent, the report showed.

The Bank of China lent a total of 250 billion yuan to residents last year for house purchases; another 14 billion yuan of lending went for car purchases.

Source: Xinhua
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