Standard&Poor's said today that the recent announcement by Bank of China (BB+/Stable/--) concerning operating profits from its domestic and overseas activities will not affect the rating on the bank. Bank of China announced domestic operating profits (before provisions and reversal of interest income) of Chinese renminbi 5.89 billion (US$712 million) and overseas operating profits of US$133 million for the first quarter ended March 31, 2002. The domestic result is largely unchanged from the corresponding period a year earlier.