Fenghuang Net Hong Kong Stocks | Bank of China (03988)Announcing performance results as of the end of September, shareholders' net profit for the first three quarters was RMB 145.711 billion, a year-on-year decrease of 8.69%, with a basic EPS of RMB 0.46 per share.

During the period, the operating income was RMB 430.302 billion, an increase of 3.23% compared to the same period last year. Net interest income was RMB 297.505 billion, up 7.09%. Net fee and commission income was RMB 72.074 billion, an increase of 0.64%. Net interest spread was 1.81%.

For the first three quarters, the group's asset impairment losses were RMB 96.903 billion, a year-on-year increase of 59.26%. The total amount of non-performing loans was RMB 211.427 billion, with a non-performing loan ratio of 1.48%, an increase of 0.11 percentage points from the end of last year. The provision coverage ratio for non-performing loans was 177.46%, a decrease of 5.4 percentage points from the end of last year.

For the third quarter alone, the net profit attributable to shareholders was RMB 44.794 billion, a year-on-year decrease of 1.62%. Basic EPS was RMB 0.14 per share.