Author: 123jump.com Staff
123jump.com
Last Update: 2:34 PM EDT March 25 2008
Bank of China, thir largest bank, reported 2007 profit increased 10.3% to HK$15.44 billion after it reported a rise in customer deposits. Earnings per share increased to HK$1.46 from HK$1.33. Total assets at the bank increased 15% to record HK$1.07 trillion. The bank expects to pay toal dividend of HK$0.91 in 2007. The company lowered its exposure to subprime loans $5 billion from $7.9 billion in the third quarter. The news of the lower exposure lifted the stock in Hong Kong trading.
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