BOC Asset size first broken 10 trillion

The first three quarters net profit of 79.2 billion, up to 27.7% Bank of China (601988. SH,03988.HK, hereinafter called "BOC", announced its operating results in the first three quarters of yesterday evening.　　According to International Financial Reporting standards, the first three quarters of BOC to achieve the bank's shareholder after-tax profit of 79.244 billion yuan, an increase of 27.7%. 1-9-Month Bank of the basic earnings per share of 0.31 yuan, an increase of 0.07 yuan. Average return on shareholder equity (ROE) 19.54%, average total assets return (ROA) 1.17%.　　Among them, in the third quarter, BOC to achieve the bank's shareholder net profit of 27.222 billion yuan, an increase of 29.3%. Asset scale first exceeded 10 trillion yuan quarterly report, as of September 30, BOC total assets amounted to 10.1 trillion yuan, rose 15.43% from last year, the first breakthrough 10 trillion yuan.　　At this point, the four major state-owned banks have announced that assets of more than 10 trillion yuan. The credit-boom Bank of the year slowed the pace of credit expansion sharply this year. In the first three quarters, the bank of China's mainland institutions increased by 543.3 billion yuan, an increase of 15.5%.　　However, the bank's mainland institutions renminbi customer deposits increased by only 641.6 billion yuan from the end of last year, with an incremental loan-to-deposit ratio of 84.7%. At the end of the third quarter, BOC's capital adequacy ratio remained at 11.73%, consistent with the first half, while the core capital adequacy ratio rose slightly, to 9.35%.　　The current BOC 60 billion yuan A+h rights issue plan has passed the SFC audit committee, the expected year will complete the financing. In terms of asset quality, BOC also improved markedly in the first three quarters. Among them, non-performing loans were 1.1%, down 0.42% from the end of last year; Non-performing loans were set to cover 198.93%, up 47.76% from the end of last year.　　Cost revenue fell 0.63% to 31.34% over a year earlier.　　In terms of equity, BOC's 500 million shares were reduced by Li Ka-shing in the three quarter, while the shareholding of the large shareholder Huijin company was unchanged.　　Net interest margin 2.04% in the industry, the third quarterly survey shows that the first three quarters of BOC net income of 140.8 billion yuan, the increase of 21.8%, non-interest income 61.5 billion yuan, the increase of 15.7%, accounting for more than 30%. As at the end of the three quarter, BOC's net interest margin remained at 2.04%, which was flat in the first half of the year and was a low level in the industry.　　Lihui, president of BOC, said at the interim results conference that there would be no significant changes in the level of net interest rates for the year, as the bank's foreign exchange assets were much higher and local clients were mostly credit customers. In a recent report by CIC, the bank has had to reduce its overall spreads by aggressively adjusting its own deposit and loan currency structure in the event that foreign currency spreads have not yet shown a rebound.　　The report also argues that the expectation of a unilateral revaluation of the renminbi would create resistance to the bank's structural adjustment.　　Reviving overseas development It is worth mentioning that BOC has recently referred to "speeding up overseas business development". After the financial crisis, the bank turned-oriented, expanding rapidly on the scale of domestic renminbi deposits and loans, while the bank has been stressing that it has not given up its overseas operations, analysts generally believe the bank is focused at home. In its three quarterly newsletter, BOC issued the first-ever proposal to "speed up overseas business development". In the 17 session of the V Plenary, BOC Chairman Xiao in the seminar also said that to speed up cross-border business development, change the way overseas business development, abandon the "rollout", "small and scattered" traditional mode, adhere to the professional management, intensive management and integration of the development of the road. Yeu Yi, vice president of BOC, said at the ASEAN forum that BOC could extend its services to countries and regions where Chinese banks do not have branches, through such modes as proxy networks.