Bank of China Q1 profit flat, bad loans rise

BEIJING, April 28 (Reuters) - Bank of China Ltd (BoC)

, the country's fourth-biggest lender by

assets, posted flat first-quarter net profit growth on Friday,

missing estimates as bad loans weighed on its balance sheet.

Profit was 46.6 billion yuan ($6.76 billion) in the three

months ended March 31, flat from 46.6 billion yuan a year


The result compared with an average estimate of 47.7 billion

yuan from three analysts polled by Reuters.

BoC said its non-performing loan ratio was 1.45 percent at

end-March, against 1.46 percent at end-December. Its NPLs topped

150.3 billion yuan at end-March compared to 146 billion yuan at


($1 = 6.8971 Chinese yuan renminbi)

(Reporting by Shu Zhang and Matthew Miller; Editing by Stephen

Coates and Muralikumar Anantharaman)