Bank of China posts US$6.9 billion profit

Bloomberg

Bank of China Ltd., the nation’s fourth-largest lender, reported a 3.4 percent increase in second-quarter profit even after setting aside extra provisions to boost its bad-loan buffer.
Net income rose to 46.4 billion yuan ($6.9 billion) in the three months ended June 30, from 44.9 billion yuan a year earlier, according to figures derived from first-half numbers released by the Beijing-based bank.
That compared with the median 45.1 billion-yuan estimate
of six analysts in a Bloomberg survey.