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Bank of Communications 2013 Net Profit Up 7% to CNY62.3 Billion
Write to Grace Zhu at Access Investor Kit for Bank of Communications Co., Ltd. Visit http://www.companyspotlight.
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Chinese bank BoCom's Q4 profit falls 2 pct, misses estimates
SHANGHAI, March 30 (Reuters) - China's Bank of Communications Co Ltd (BoCom) posted on Sunday a 2 percent drop in its net profit in the final three months of last year, the only one of the country's top five banks to miss market forecasts.
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RPT-Fitch Rates MTN Programme of Azure Orbit II 'A(EXP)'
Azure Orbit II is an offshore special purpose vehicle managed by Bank of Communications Financial Leasing Co., Ltd (BOCOMM Leasing), a wholly owned subsidiary of Bank of Communications Co., Ltd (BOCOM; A/Stable). BOCOMM Leasing is strongly ...
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Fitch Rates Azure Orbit II's MTN Programme Final 'A', USD Notes 'A'
The notes are due in April 2019. KEY RATING DRIVERS - MTN Programme Guaranteed notes issued under the MTN programme will represent direct, general, unconditional and unsecured obligations of Bank of Communications Co., Ltd (BOCOM; A/Stable) ...
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China Shares End Higher on Better-Than-Expected Data
China Construction Bank Co. was up 0.3% to 4.01 yuan ($0.64) and Bank of Communications Co. Ltd. gained 0.3% to 3.80 yuan. Citic Securities Co.
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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.
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Slowdown curbs Q1 lending activity
Zhang Zhiwei, a Hong Kong-based economist with Nomura Securities Co Ltd, wrote in a note on Tuesday that slowing money supply growth last month also reflected a reduction in capital inflows as the yuan weakened 1.2 percent against the US dollar during ...
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Asia markets recap: China liquidity worries
Australia's top investment bank Macquarie Group jumps 1.5%. Mining major Rio Tinto Ltd rises 0.6%, seemingly unaffected by a fall in its iron-ore shipments for the first quarter due to weather conditions.
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Services to give economy long-term boost
However, Lian Ping, chief economist with Bank of Communications Ltd, warned such prospects might be dragged by slower GDP growth.
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Where Are the Big Five Headed?
The Big Five listed state-owned banks�namely the Industrial and Commercial Bank of China (ICBC), China Construction Bank (CBC), Agricultural Bank of China (ABC), Bank of China (BOC) and Bank of Communications (BOCOM)�posted exorbitant profits in 2013 ...