China's BoCom appoints Peng Chun as president of the bank

HONG KONG Wed Aug 21, 2013 5:48am EDT

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HONG KONG Aug 21 (Reuters) - China's Bank of Communications (BoCom) appointed Peng Chun as its new president following the resignation of Niu Ximing from that role, the country's fifth-largest lender said.

Niu resigned from his role as president due to "other work arrangements," the Shanghai-based bank said in an exchange filing on Wednesday.

BoCom earlier on Wednesday announced a 12 percent rise in net profit for the first half of the year, its weakest growth for that period in four years. (Reporting by Lawrence White; Editing by Ryan Woo)

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