Bank of China (bachf), the country’s fourth-biggest lender by assets, reported a 2.5% increase in net profit in the first half, helped by the disposal of Nanyang Commercial Bank.
BoC said on Tuesday its net profit for the January-June period was 93.0 billion yuan ($13.93 billion), compared to 90.7 billion yuan in the year-ago period.
The first-half figure implies a net profit of 46.4 billion yuan in the second quarter, up from 44.9 billion yuan in the year-ago period, according to Reuters calculations.
See also: ICBC’s Profit Rises 0.8% in First Half
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Three analysts on average had forecast a second-quarter profit of 44.5 billion yuan, according to a Reuters calculation.
BoC’s non-performing loan ratio increased to 1.47% at end-June from 1.43% at end-March.