Bank of China net profit up 5.02 per cent

F.P. Report

BEIJING: Bank of China (BOC), one of the country’s four big state-owned lenders, saw its net profit increase by 5.02 percent year on year in 2022.

Last year, BOC raked in a total of 227.44 billion yuan (about 33.1 billion US dollars) in net profit attributable to shareholders of its parent company, according to the bank’s report filed with the Shanghai Stock Exchange.

Its revenue rose by 2.06 percent from a year ago, the report noted.

Meanwhile, BOC’s assets increased 8.2 percent from the beginning of 2022 to 28.91 trillion yuan as of year-end. (APP)