Bank of China Ltd (BoC) , the country's fourth-largest lender by assets, reported a smaller-than-expected drop in quarterly profit, helped by rising interest income and falling operating expenses. Profit reached 26.9 billion yuan ($4.28 billion) for the quarter ended December, down 10 percent from 29.8 billion yuan a year ago. This was, however, better than an average estimate of 25.51 billion yuan from 18 analysts polled by Thomson Reuters.
For 2017, net profit rose about 5 percent to 172.41 billion yuan from 164.578 billion yuan a year ago. BoC's non-performing loan ratio was 1.45 percent as at end-December, from 1.41 percent at end-September.