Bank of China Q3 profit up 17 pct, beats estimates

HONG KONG Thu Oct 25, 2012 4:34am EDT

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HONG KONG Oct 25 (Reuters) - Bank of China Ltd, the country's No.4 lender by market value, posted a third-quarter net profit gain of 16.7 percent, beating estimates, as interest margins widened following increased demand for credit.

Net profit rose to 34.76 billion yuan ($5.57 billion) in July-September from 29.8 billion yuan a year earlier. That compares with the average estimate of 32.7 billion yuan in a Reuters poll of 12 analysts. (Reporting by Kelvin Soh; Editing by Ryan Woo)

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