BANK OF COMMUNICATIONS CO., LTD. Bank of Communications Co.'s third-quarter net profit fell 6.8%, as credit impairment losses rose and gains from trading activities declined.
The Chinese state-owned lender said Friday that net profit fell to 16.21 billion yuan ($2.41 billion) from CNY17.40 billion a year ago.
Net interest income rose nearly 11% to CNY40.165 billion, while credit impairment losses increased 21% to CNY18.58 billion, it said.
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(END) Dow Jones Newswires
10-30-20 0505ET
