|
BIZCHINA> Markets
![]() |
|
Pudong bank H1 net profit surges 150%
(Agencies)
Updated: 2008-08-23 10:10
![]() Shanghai Pudong Development Bank, in which Citigroup holds 3.78 percent stake, said its first-half net profit surged nearly 150 percent from a year earlier to 6.37 billion yuan ($931 million) due to higher net interest income as well as increased net fee income. In its interim report filed with the Shanghai stock exchange, the bank said operating revenue in the first half was 16.7 billion yuan, up from 11.6 billion from a year earlier. Net interest income rose 38.9 percent to 15.52 billion yuan, while net fee income totaled 899.3 million yuan, up 99.06 percent. At the end of June, the bank had outstanding loans of 621.67 billion yuan, up 12.83 percent from the end of 2007. Earnings per share stood at 1.126 yuan for the first half, against 0.451 yuan a year earlier. The lender said its non-performing loans (NPL) ratio at the end of June stood at 1.22 percent, down from 1.46 percent at the end of last year. Capital adequacy ratio (CAR) was at 8.66 percent, down from 9.15 percent at the end of 2007, with core CAR at 4.95 percent, down from 5.01 percent. The bank said it aims to achieve net profit of 10 billion yuan for the full year.
(For more biz stories, please visit Industries)
|
观塘区| 唐海县| 陕西省| 大洼县| 大姚县| 竹溪县| 登封市| 天台县| 历史| 洛浦县| 宣恩县| 颍上县| 崇仁县| 台北市| 屏南县| 高雄县| 扎囊县| 屯留县| 吉水县| 梅州市| 和田市| 右玉县| 宁安市| 厦门市| 晋江市| 广丰县| 肥西县| 阜南县| 苗栗市| 榕江县| 监利县| 呼玛县| 革吉县| 通城县| 漯河市| 伊宁市| 开鲁县| 靖西县| 云安县| 桐城市| 华阴市|