Bank of Communications Profit Rises 22%

Bloomberg, Luo Jun and Michele Batchelor, 22 August 2006Bank of Communications Ltd., China's fifth-largest lender, said profit rose 22 percent in the second- quarter as the economy's growth spurred demand for consumer loans and asset managementservices.Net income increased to 3.13 billion yuan ($393 million), or 0.07 yuan per share, in the three months to June 30, from 2.57 billion yuan, or 0.06