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  1. Business - Banking & Finance - BANKING

    Higher bad-loan rates tipped for Bank of China and Agricultural Bank

    Posted Oct 30th 2014, 01:00pm by DON WEINLAND

    ... declines in profit growth are expected by analysts as the biggest banks exit an era of double-digit growth. Net income growth at Agricultural Bank in the quarter slowed to 6 per cent from a year ago, its weakest since 2011. BOC's net income rose a slower 4.9 per cent. ...

  2. Business - Banking & Finance - BANKING

    BOC asset arm seeks 1 billion RQFII yuan quota for European investors

    Posted Sep 25th 2014, 06:26am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com BOC seeks yuan quota for European investors Bank of China's asset management arm plans to apply for a one billion yuan (HK$1.26 billion) investment quota to expand its investment capability to prepare for yield-hungry European investors' demand for renminbi assets. The fresh quota will be utilised in fixed income products, said Wayne Shum, head ...

  3. BOCHK's operating income rises to HK$22.6b

    Posted Oct 27th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Bank of China (Hong Kong) said net operating income before impairment rose 15 per cent in the third quarter to HK$22.6 billion, from HK$19.65 billion a year earlier. Analysts said the bank's strong capital base would help it weather an increasingly tough market. BOCHK, whose biggest shareholder is Bank of China, the mainland's fourth-largest ...

  4. China Life looks to fixed income after net jumps 72pc

    Posted Apr 09th 2010, 12:00am by Staff Reporter

    ... Isabella Steger China Life Insurance, the mainland's largest insurer, said it will increase holdings in fixed income this year as uncertainties in the economy create greater ... and increase its holdings in fixed income and bonds this year. 'Inflationary pressures will continue to rise this year, and it is likely interest rates will also rise', helping bond yields, ...

  5. Bankers upbeat on prospects as recovery lifts income and profits

    Posted Aug 31st 2009, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu Hong Kong bankers are generally optimistic about the second half of this year, believing the economic recovery will gain momentum while improving investment markets will add fee income and trading profits. Provisions for the Lehman minibond losses have taken their toll, with some lenders making huge bad-debt provisions for the HK$6.3 billion ...

  6. CCB first-half profit jumps 50pc on rising fee and interest income

    Posted Jul 11th 2008, 12:00am by Staff Reporter

    ... China Construction Bank Corp, the mainland's biggest property lender, said first-half profit jumped more than 50 per cent from a year ago, helped by higher fee and interest income, and a lower tax rate. 'During the first six months of 2008, the development of the bank's various businesses experienced positive trends and the bank's net interest income, fees ...

  7. BOCHK sees surge in interest, fee income

    Posted Oct 31st 2007, 12:00am by Staff Reporter

    ... Maria Chan BOC Hong Kong (Holdings), a subsidiary of Bank of China, posted increased operating profit for the first nine months but withheld net income figures for the period. Fuelled by growth in net interest as well as fee incomes, the bank's operating profit before provisions rose 20.8 per cent to HK$13.25 billion for the first nine months, data provided to the Hong Kong ...

  8. HKEx income up 88pc on jumbo share sales

    Posted Mar 09th 2007, 12:00am by Nevin Nie

    ... dividend payout ratio. Total income rose 54 per cent to HK$4.15 billion from HK$2.69 billion in the previous year, boosted mainly by an 85 per cent jump in average daily turnover to HK$33.9 billion ... securities commission income, up 59 per cent from 2005. A further HK$2.7 billion was earned from proprietary trading, 65 per cent higher than previously, according to the Securities and Futures ...

  9. Higher fee income boosts Agricultural Bank profits

    Posted Feb 01st 2007, 12:00am by Nevin Nie

    ... year on higher fee and commission income. Fees from its bank card business jumped 40 per cent to 7.8 billion yuan, which the lender said was 'keeping with its leading place among financial ... retail banks such as China Merchants Bank, where fee income only accounts for 10 per cent of total income,' UOB Kay Hian analyst Joe Wong said. 'For most banks, the driver is still ...

  10. Agricultural Bank boosts profit as fee income soars

    Posted Jul 19th 2006, 12:00am by Staff Reporter

    ... Amy Gu Agricultural Bank of China, the weakest of the country's four largest state-owned lenders, said its operating profit rose 18 per cent in the first half, helped by increased non-interest income. The lender said yesterday its operating profit increased to 25.7 billion yuan in the first six months, or 54 per cent of its target for the year. Fee income rose 48 per cent to 5.7 ...




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