English > Finance&Economy > Finance-Breakingnews>Bank of China Profits Drop by 14.4%

Bank of China Profits Drop by 14.4%

04-29 13:45 Caijing

Full article in Chinese: http://www.caijing.com.cn/2009-04-29/110155846.html

» The bank earned 14.4 percent less in the first quarter, compared with a year ago.

» Its yuan loans increased and foreign currency denominated securities decreased significantly due to the bank’s restructuring efforts.

» Among China’s state-owned banks, BOC suffered the most during the financial crisis because of its exposure to international business.

 

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