BEIJING/SHANGHAI, Oct 29 (Reuters) - Bank of China Ltd (BoC) , the country’s fourth-biggest lender by assets, on Thursday reported a 1.5 percent fall in net profit in the third quarter as bad loans grew. Profit for June-September was 40.8 billion yuan ($6.42 billion) from 41.4 billion yuan in the same period a year earlier. The result compared with the 0.975 percent average growth estimate of four analysts polled by Reuters. BoC’s non-performing loan ratio increased to 1.43 percent at September-end from 1.41 percent three months prior. ($1 = 6.3552 Chinese yuan renminbi) (Reporting by Engen Tham in SHANGHAI and Matthew Miller in Beijing; Editing by Christopher Cushing)
Bank of China - 3Q 2015 net profit of RMB 40.8bn ($6.42bn), down 1.5%, due to a faltering Chinese economy and record provisions set aside for bad loans. Its non-performing loan ratio increased to 1.43% from 1.41% three months prior.