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Chinese bank BoCom plans 10.8 pct loan growth this year, same as 2013
March 31, 2014 / 1:55 AM / 4 years ago

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

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

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