Bank of China Ltd (3988.HK)
28 Apr 2017
BEIJING/SHANGHAI China's biggest listed banks posted results that showed shrinking interest margins caused first-quarter profits to be near-flat, although there was a glimmer of hope as the pace of mounting bad debts slowed at some of the lenders.
* Bad loan ratios improve (Combines Q1 results of top 5 listed banks)
* Says Q1 net interest margin at 1.80 percent versus 1.83 percent at end-December
(The following statement was released by the rating agency) TAIPEI/HONG KONG, April 19 (Fitch) Fitch Ratings has today assigned Bank of China Ltd.'s (BOC) long-term notes issued under its USD30 billion medium-term note (MTN) programme final long-term ratings of 'A'. The rated notes comprise: Issued by Macau branch - USD750 million 2.875% notes due 2022 - USD300 million 3.5% notes due 2027 Issued by Dubai branch - USD650 million floating rate notes due 2020 Issued by Sydney Branch - AUD800 millio
* Says it plans to pay annual cash dividend as 0.168 yuan(pre-tax)/share as FY 2016 div payment
* NPL ratio falls to 1.46 pct end-Dec from 1.48 pct end-Sept (Adds comments)
BEIJING, March 31 The president of Bank of China Ltd , the country's fourth-largest lender by assets, said on Friday increasing net interest income this year is "impossible."
SHANGHAI/BEIJING, March 31 Bank of China Ltd (BoC) , the country's fourth-largest lender by assets, on Friday said net profit fell about 24 percent in the fourth quarter of 2016, missing analyst estimates.
BEIJING Agricultural Bank of China Ltd (AgBank) , the country's third-biggest listed lender by assets, is in discussions to undertake more than 20 debt-to-equity deals, after signing agreements with eight companies.
BEIJING, March 29 Agricultural Bank of China Ltd (AgBank), the country's third-biggest listed lender by assets, is in discussions to undertake more than 20 debt-to-equity deals, after signing agreements with eight companies.