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COPYRIGHT 2007 Asia Pulse Pty Ltd
BEIJING, April 30 Asia Pulse - Bank of China (SEHK:3988, SSX:601988), the nation's second largest bank, said first-quarter profit rose 18 per cent on higher demand for loans and more fees from selling financial products in the world's fastest-growing major economy.
Net income increased to 11.7 billion yuan (US$1.5 billion), or 0.05 yuan a share, from 10 billion yuan, or 0.05 yuan a share, a year earlier, the Beijing-based state bank said in a statement to the Hong Kong stock exchange.
Profit from fees and commissions rose...
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