- Q3 net profit up 5% on year
- NIM 1.26% end-Sept flat from end-June
- NPL ratio 1.24% end-Sept flat from end-June
BEIJING/SHANGHAI, Oct 28 (Reuters) - Bank of China reported net profit rose 5.09% in the third quarter from a year earlier, a filing showed on Tuesday.
The lender is the first of the country's "big five" listed state-owned banks to report its third-quarter results as China posts a further slowdown in economic growth.
Net profit rose to 60.069 billion yuan ($8.43 billion) in the three months ended September 30, compared with 57.162 billion yuan in the same period last year, BoC said in the filing.
Its net interest margin - a key gauge of profitability - was 1.26% at end-September, flat from the end of June.
The bank's non-performing loan ratio also held steady at 1.24%.
China's economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on unexpectedly resilient exports, stoking concerns about deepening structural imbalances.
($1 = 7.1230 Chinese yuan renminbi)
Reporting by Ziyi Tang and Engen Tham; Editing by Christian Schmollinger and Kim Coghill
Source: Reuters