Major banks show growth, turning "red," with Bank of China reporting a 1.64% year-on-year increase in revenue and a 0.53% year-on-year increase in net profit
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Bank of China reported operating income of CNY 478.348 billion for the first three quarters of 2024, a year-on-year increase of 1.64%; net profit was CNY 187.489 billion, a year-on-year increase of 0.53%. Non-interest income grew by 49.88% year-on-year, accounting for 29.76% of operating income. Net interest income was CNY 335.997 billion, a year-on-year decrease of 4.81%. As of the end of September, total assets approached CNY 34.07 trillion, with liabilities nearing CNY 31.2 trillion
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