Bank of China, the nation’s oldest and largest international lender, posted a 2.9 per cent rise in net profit to 192.9 billion yuan. Photo: Reuters Bank of China, the nation’s oldest and largest international lender, posted a 2.9 per cent rise in net profit to 192.9 billion yuan. Photo: Reuters
Bank of China, the nation’s oldest and largest international lender, posted a 2.9 per cent rise in net profit to 192.9 billion yuan. Photo: Reuters

Bank of China, Agricultural Bank of China 2020 profits beat estimates thanks to fourth quarter rebound

  • Bank officials signaled cautious optimism for 2021, thanks to the country’s economic rebound from Covid-19
  • On average the six biggest state-owned banks saw fourth-quarter net profit grow by 60 per cent, according Jefferies

Topic |   Hong Kong company reporting season
Bank of China, the nation’s oldest and largest international lender, posted a 2.9 per cent rise in net profit to 192.9 billion yuan. Photo: Reuters Bank of China, the nation’s oldest and largest international lender, posted a 2.9 per cent rise in net profit to 192.9 billion yuan. Photo: Reuters
Bank of China, the nation’s oldest and largest international lender, posted a 2.9 per cent rise in net profit to 192.9 billion yuan. Photo: Reuters
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