BOCHK gains from better asset mix

Bank of China (Hong Kong)'s first-quarter operating profit before impairment allowances grew 3.4 per cent from a year earlier to HK$6.9 billion.

Net interest margin, a measure of lending profitability, rose quarter on quarter and year on year, reflecting an improved loan-deposit spread and asset mix, BOCHK said, without providing figures.

Shares of the 66.06 per cent owned subsidiary of Bank of China dipped 0.38 per cent to close at HK$26 before the interim results were announced.

via Business feed http://www.scmp.com/business/banking-finance/article/1223283/bochk-gains-better-asset-mix