Bank of China (3988) net interest margin increased by 4 pips, non-performing loan rate down 2 pips – Economic Link ET Net



28/08/2018 17:05

Bank of China (3988) net interest margin increased by 4 pips, non-performing loan rate fell by 2 pips

"28th Special News Economic News Agency" Bank of China (03988) announced interim results in 2018, net interest during the period
Sales were 176.701 billion yuan (RMB .The same below), an increase of 7.1% on an annual basis, non-interest income was 74.78 billion yuan
Yuan, a decrease of 10.3%.
The net interest margin was 1.88%, 4 points higher on an annual basis, mainly due to the continuous optimization of the asset and liability structure and the reduction of the deposit reserve by the central bank.
The gold price is affected. Net fee and commission income amounted to 48.188 billion yuan, a decrease of 2.03%, which explains the share of operating income.
19.16%, mainly due to the active implementation of the new Regulations on business regulation, consulting, off-balance sheet financing and
Agency insurance related fee and commission income declined.
The core Tier 1 capital ratio was 10.99%, a decrease of 0.16 percentage points compared to the end of last year.
As of the end of June, the balance of BOC's non-performing loans amounted to 163.304 billion yuan, an increase of 4.835 billion yuan compared to the end of the previous year.
The credit rate was 1.43%, decreased by 2 pips and remained at a reasonable level. Non-performing loan provision coverage rate of 164.79%, meeting support
Requirements.
The Group's impairment loss was 28.27 billion yuan, an increase of 4.86% on an annual basis. Among other things, the impairment loss of the group loan 31
857 million yuan, an increase of 5.268 billion yuan, an increase of 19.81%.
At the end of June, the balance of the provision for impairments on loans from the Group amounted to 269.11 billion yuan, an increase of 16.887 billion yuan at the end of the previous year. (C
h)


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Bank of China (3988) net interest margin increased by 4 pips, non-performing loan rate down 2 pips – Economic Link ET Net



28/08/2018 17:05

Bank of China (3988) net interest margin increased by 4 pips, non-performing loan rate fell by 2 pips

"28th Special News Economic News Agency" Bank of China (03988) announced interim results in 2018, net interest during the period
Sales were 176.701 billion yuan (RMB .The same below), an increase of 7.1% on an annual basis, non-interest income was 74.78 billion yuan
Yuan, a decrease of 10.3%.
The net interest margin was 1.88%, 4 points higher on an annual basis, mainly due to the continuous optimization of the asset and liability structure and the reduction of the deposit reserve by the central bank.
The gold price is affected. Net fee and commission income amounted to 48.188 billion yuan, a decrease of 2.03%, which explains the share of operating income.
19.16%, mainly due to the active implementation of the new Regulations on business regulation, consulting, off-balance sheet financing and
Agency insurance related fee and commission income declined.
The core Tier 1 capital ratio was 10.99%, a decrease of 0.16 percentage points compared to the end of last year.
As of the end of June, the balance of BOC's non-performing loans amounted to 163.304 billion yuan, an increase of 4.835 billion yuan compared to the end of the previous year.
The credit rate was 1.43%, decreased by 2 pips and remained at a reasonable level. Non-performing loan provision coverage rate of 164.79%, meeting support
Requirements.
The Group's impairment loss was 28.27 billion yuan, an increase of 4.86% on an annual basis. Among other things, the impairment loss of the group loan 31
857 million yuan, an increase of 5.268 billion yuan, an increase of 19.81%.
At the end of June, the balance of the provision for impairments on loans from the Group amounted to 269.11 billion yuan, an increase of 16.887 billion yuan at the end of the previous year. (C
h)


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