Bank of China says net interest margin will continue to face pressure-March 2024-www.financetom.com

Bank of China says net interest margin will continue to face pressure

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Bank of China says net interest margin will continue to face pressure

Apr 2, 2024 1:25 AM

BEIJING (Reuters) - Bank of China ( BACHF ) said its net interest margin - a key gauge of profitability - will still face significant pressure this year.

Vice President Zhang Yi made the remarks in an earnings press conference on Tuesday.

Previous page： E-commerce services provider iPower Q1 loss narrows on cost cuts, revenue drops Next page： First United Chairman, Chief Executive Carissa Rodeheaver to Step Down

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

E-commerce services provider iPower Q1 loss narrows on cost cuts, revenue drops

Nov 14, 2025

Overview * iPower fiscal Q1 2026 revenue fell to $12 mln from $19 mln year-over-year * Net loss improved to $0.5 mln from $2.1 mln in fiscal Q1 2025 * Total debt reduced by 48% to $1.9 mln as of September 30, 2025 Outlook * iPower focuses on building a more efficient and profitable organization * iPower enhances supply chain...

First United Chairman, Chief Executive Carissa Rodeheaver to Step Down

Nov 14, 2025

09:00 AM EST, 11/14/2025 (MT Newswires) -- First United (FUNC) said Friday that Carissa Rodeheaver will retire as the chairman of the board, president, and chief executive officer at the conclusion of the 2026 annual meeting of shareholders to be held on May 7. To facilitate the company's change in leadership, First United said that Rodeheaver will serve as executive...

Teamshares To Go Public Via SPAC Merger Deal With Live Oak

Nov 14, 2025

Special Purpose Acquisition Company (SPAC) Live Oak Acquisition Corp. V ( LOKV ) on Friday disclosed a merger agreement with Teamshares Inc. A SPAC is a Special Purpose Acquisition Company, also called a “blank check company,” which is a company without its own business operations that raises money through an initial public offering (IPO) to acquire or merge with an...

Ecolab Launches Cooling as a Service Program for Data Centers

Nov 14, 2025

09:01 AM EST, 11/14/2025 (MT Newswires) -- Ecolab ( ECL ) said Friday that it has launched a new Cooling as a Service program. Ecolab ( ECL ) said its service brings together its suite of cooling management solutions for data centers and computer servers. Ecolab ( ECL ) said its service includes water management technology, coolant distribution units, connected...