BoCom sees 30% rise in full-year net income in 2011

Bank of Communications (3328), which is planning the world's biggest share sale since May, posted a 30 percent increase in full-year net income to 50.7 billion yuan in 2011.

The net interest income at China's fifth largest bank soared 21 percent to 102.6 billion yuan from 2010 with the net interest margin widening to 2.59 percent. The fee income from services such as credit cards, trade finance and custodial services grew 35 percent to 19.5 billion yuan.

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