Healthy profits for Bank of China despite of high exposure to sub-prime
The Bank of China has the highest exposure to the US sub-prime mortgage credit crisis among Asian banks but has announced a 31% increase in 2007 net profit. The bank posted a net profit of 56.3 billion yuan (£4 billion), up from 43.8 billion yuan in 2006 and better than expectations. The state-owned bank said it [...]
Healthy profits for Bank of China despite of high exposure to sub-prime
