Chinese bank BoCom plans 10.8 pct loan growth this year, same as 2013

HONG KONG/SHANGHAI, March 31 Sun Mar 30, 2014 9:52pm EDT

HONG KONG/SHANGHAI, March 31 (Reuters) - Bank of Communications Co Ltd plans to increase loans by 10.8 percent in 2014, maintaining the same growth rate as in 2013, the bank's president, Peng Chun, said at a press conference on Monday.

The country's fifth largest bank posted a 2 percent drop in on-year net profit growth for the fourth quarter on Sunday, the only one of the country's top five banks to miss market forecasts.

(Reporting by Zhao Hongmei; Writing by Shanghai Newsroom; Editing by Gabriel Wildau)