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. The bank said it would cut its dividend by the same amount in an effort to boost cash flow as part of efforts to reduce capital outlays.
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.