Bank of China Posts 19% Rise In 2011 Net Profit

Bank of China Ltd

reported a 19% rise in its net profit last year. Bank of China's net profit for the 12 months ended December 31 climbed to CNY124.18 billion ($19.7 billion), versus CNY104.42 billion, in the year-ago period. However, analysts were expecting a net profit of CNY120.98 billion. The bank's net interest income surged 18% to CNY228.06 billion. Bank of China shares closed at $9.83 yesterday.