BOC profit rises on overseas business

Bank's president looks ahead to the lender's further expansion in the global market

Bank of China Ltd recorded 2.52 percent year-on-year growth in profit attributable to equity holders of 93.04 billion yuan ($14 billion), largely due to the continued development of its overseas business and strategic deployment in key regions.

In the first half of this year, the bank's overseas institutions realized profit before tax of $8.57 billion, up 84 percent from the previous year and representing 43 percent of its total profit before tax, according to its 2016 interim results announcement.