China's Bank of Communications Co. (3328.HK) said Friday its net profit in the first quarter this year rose 1.35% to 19.3 billion yuan ($2.8 billion) from a year earlier, buoyed by fee and commission income.
Net interest income at China's second-largest commercial lender by assets fell by 8.3% to 31.2 billion yuan, while net fee and commission income rose by 4.7% to 11.3 billion yuan in the first quarter, the bank said.
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The bank also reported 65.8 billion yuan of nonperforming loans at the end of the quarter, up from 62.4 billion yuan three months earlier. The bank's bad-loan ratio was unchanged from 1.52% at the end of last year.
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(END) Dow Jones Newswires
April 28, 2017 05:17 ET (09:17 GMT)