Bank Of China Profit Soars

Consumer and Retail

Friday, October 10, 2008 21:00:48

	Bank Of China Profit Soars By STAFF EDITOR Published: March 23, 2007 01:16 AM Bank of China Ltd., the nation's second-largest, reported second-half profit more than doubled, buoyed by a tax credit and China's rising demand for loans, Bloomberg reported. Net income rose to 23.3 billion yuan (US$3 billion) in the six months ended on Dec. 31, from 10.7 billion yuan a year earlier. Bank of China earned 42.8 billion yuan (US$5.487 billion) for the ... You are currently reading 60 words of 183 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: EU , export , credit , investment , currency , Bank of China , tax , EA	More Articles in Consumer and Retail > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Wenzhou's lighter exports rebound Arcelik buys Chinese washing machine maker White goods leasing gains ground in China Garment makers targeting domestic market outperform exporters Shanghai bank, Gome ink US$161m credit deal 24.4m Chinese to travel abroad in 2H: MasterCard Xtep 1H profit up 210% amid vibrant sportswear market

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