SHANGHAI, April 28 (Reuters) - China’s Bank of Communications Co Ltd (BoCom) said on Friday net profit rose 1.35 percent in the first quarter of 2017.
Profit at China’s fifth-biggest bank rose to 19.32 billion yuan ($2.80 billion) in the three months through March from 19.1 billion in the same period a year earlier, the bank said in a statement.
That was slightly below an average estimate of 19.5 billion yuan from 3 analysts polled by Thomson Reuters.
BoCom’s non-performing loan ratio was unchanged at 1.52 percent at end-March versus end-December.
$1 = 6.4790 Chinese yuan Reporting by Engen Tham in Shanghai and Matthew Miller in Beijing; Editing by Stephen Coates and Muralikumar Anantharaman