Bank of China announces first interim dividend even as profits fall

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Bank of China announces first interim dividend even as profits fall - Business Standard

Quick Summary:

The state-owned lender will distribute 1.208 yuan ($0.

The state-owned lender will distribute 1.208 yuan ($0.17) per 10 shares in interim payouts, according to a Thursday exchange filing.

The lender’s net interest margin narrowed to 1.44 per cent at the of June from 1.67 per cent a year earlier, as mortgage rate adjustment and lower loan prime rates weighed on loan yields.