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Bank of China FY'15 net profit edges up 0.74% YOY

Bank of ChinaLtd. said March 30 that its net profit for 2015 edged up 0.74% yearover year.

The group's 2015 consolidated net profit attributable to equityholders rose to 170.85 billion yuan from 169.60 billion yuan in the year prior.EPS for the year ended Dec. 31, 2015, declined year over year to 56 fen from 58fen.

Net interest income for 2015 climbed to 328.65 billion yuanfrom 321.10 billion yuan in 2014, while net fee and commission income increasedyear over year to 92.41 billion yuan from 91.24 billion yuan.

Operating income totaled 473.91 billion yuan in 2015, upfrom 456.33 billion yuan in 2014, while operating profit declined year overyear to 229.24 billion yuan from 230.16 billion yuan.

Net interest margin for 2015 was 2.12%, down from 2.25% inthe prior year. The group's nonperforming loan ratiowas 1.43% as of Dec. 31, 2015, up from 1.18% as of Dec. 31, 2014.

As of Dec. 31, 2015, the group's capital adequacy ratio was14.06%, up from 13.87% in the prior-year period. Its common equity Tier 1 andTier 1 ratios for the period were 11.10% and 12.07%, respectively, up from10.61% and 11.35%, respectively, in the prior-year period.

The company's board declared a dividend of 17.5 fen pershare for 2015, down from the prior year's final dividend of 19 fen per share.The dividend is subject to the approval of shareholders at the company's annualgeneral meeting on June 7.

As of March 29, US$1was equivalent to 6.51 Chinese yuan.