BOC's after-tax profit increased 26% to 54.4 billion in the first half

Bank of China announced its results for the first half of the 2010 year. In accordance with international Financial reporting standards, the first half of BOC achieved after-tax profit of 54.375 billion yuan, an increase of 25.77%. Lihui, president of BOC, said yesterday that he hoped to complete 60 billion a+h in the fourth quarter.　　According to the CBRC's new regulations, the bank needs to go from the table to the list of credit assets by only 14 billion.　　In addition, in accordance with international Financial Reporting standards, BOC realized the profits of 52.022 billion yuan after the shareholder's after-tax profit, growth of 26.87%, domestic institutions continue to maintain rapid growth, to achieve after-tax profit of 43.049 billion yuan, an increase of 30.57%. The data also showed that in the first half, BoC realized earnings per share of 0.20 yuan, an increase of 0.04 yuan. The non-performing loan rate was 1.2%, down 0.32% from the end of last year, and the provision coverage of non-performing loans was 188.44%, up 37.27% from the end of last year.　　Capital adequacy ratio and core capital adequacy ratio reached 11.73%, 9.33% respectively, and increased by 0.59 and 0.26% respectively at the end of last year. Lihui, president of BOC, said at a meeting yesterday that the bank's real estate loans in the late June accounted for 8.43% of corporate loans, up 0.81% from the start of the year.　　As at the end of June this year, BOC's non-performing rate for real estate loans was 0.72%, below the average bad rate of 1.2%, and the bad rate of personal housing loans was only 0.61%. In response to the market concern of the Banking Regulatory Commission to the silver Letter cooperative financial Services, Lihui said, BOC to date, the balance of the business of financial cooperation is not too much, a total of 68 billion yuan, of which the credit asset class is 41.4 billion yuan, accounting for 61%. According to the CBRC's requirements, by the end of 2011 to be transferred from the table to the table, and the bank to the cut-off point to be transferred from the table to the list of credit assets only 14 billion yuan.　　Therefore, this policy has little effect on BOC. Lihui said at the meeting, BOC will pay special attention to the choice of time window, hope in the fourth quarter to complete the 60 billion A+h allotment--a shares in the former, H shares in the post.　　He also stressed that the Bank of China had no plans to privatize the BOC Hong Kong. At the end of June, Bank of China Local government financing platform loan balance is 419.7 billion yuan, in the company's loans accounted for 12.28%, non-performing loan balance of 301 million yuan, non-performing rate of 0.07%. In addition, the Bank of the first half of the local government financing platform for the withdrawal of 6.02 billion yuan, the equivalent of a clear definition of non-performing loans 20 times times.