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BRIEF-Bank Of China's Q1 Net Profit Up 7.0% Y/Y

reuters.com · 04/29/2022 05:39
BRIEF-Bank Of China's Q1 Net Profit Up 7.0% Y/Y

- Bank Of China Ltd BACHF3988.HK:

  • SAYS Q1 NET PROFIT UP 7.0% Y/Y

  • SAYS CORE TIER-1 CAPITAL ADEQUACY RATIO AT 11.12% AT END-MARCH

  • SAYS IT PLANS TO ISSUE UP TO 80 BILLION YUAN ($12.15 billion) WORTH OF PERPETUAL CAPITAL BONDS

  • SAYS IT PLANS TO ISSUE UP TO 120 BILLION YUAN WORTH OF TIER-2 CAPITAL TOOLS

Source text 1

Source text 2

Further company coverage: BACHF


($1 = 6.5864 Chinese yuan renminbi)


(Reporting by Hong Kong newsroom)

((meg.shen@thomsonreuters.com; 852-39525805;))