Bank of China net profit up 12.28 pct in 2021
Source: Xinhua | 2022-04-03
The Bank of China (BOC), one of the country's four big state-owned lenders, saw its net profit up 12.28 percent year on year in 2021.
Last year, BOC raked in a total of 216.56 billion yuan (about 34.1 billion U.S. 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 6.71 percent from a year ago, the report noted.
Meanwhile, BOC's assets increased 9.51 percent from the beginning of 2021 to 26.72 trillion yuan as of year-end.
The lender in 2021 continued its efforts in inclusive finance. The bank's outstanding inclusive finance loans climbed by 53.15 percent by the end of 2021 from the previous year to over 881.5 billion yuan.
Busiunion
Busiunion