The bank's net profit for the July-September period rose to 15.9 billion yuan (US$2.12 billion; EUR1.47 billion), under international accounting standards, from 13 billion yuan a year earlier, it said in a statement to the Hong Kong stock exchange.
Net interest income for the three months rose to 39.5 billion yuan (US$5.26 billion; EUR3.66 billion) from 32.5 billion yuan, it said in unaudited results, while net fee and commission income more than doubled to 7.2 billion yuan (US$960 million; EUR667 million) from 3.2 billion yuan.
The bank's net profit for the nine months ended Sept. 30 was 45.5 billion yuan (US$6.06 billion; EUR4.21 billion), up from 32.5 billion yuan a year earlier.
Bank of China said it charged an additional impairment allowance of US$322 million (EUR223.75 million) against its exposure to asset-backed securities and collateralized debt obligations supported by subprime mortgages in the U.S. during the third quarter.
The aggregate amount of such allowances was US$473 million (EUR328.68 million) at the end of September, it said.
The lender said the carrying value of its investment in subprime asset-backed securities was about US$7.5 billion (EUR5.21 billion), representing 2.9 percent of its total investment securities. Investment in subprime collateralized debt obligations was about US$496 million (EUR344.66 million), or 0.2 percent of its total investment securities.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
The Buk system that shot down MH17 belonged to the 53rd SAM missile brigade of the Russian Ministry of Defense, investigators say after looking at a few pictures on the net
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War