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Shenzhen Development Bank forecasts up to 145 pct first half profit rise (2)
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08:26, July 18, 2007

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China Merchants Bank forecast a first-half profits increase of more than 100 percent, followed by 90 percent for the Industrial Bank, 80 percent for China Citic Bank, 60 percent for China Minsheng Banking Corp. and 50 percent for the Industrial and Commercial Bank of China.

Shares in the SDB gained 9.79 percent to 29.15 yuan on Tuesday after the announcement of a rapid increase in net profits in the first six months of the year.

The bank has 249 branches in 18 major cities nationwide and its total assets reached 287.7 billion yuan by the end of March.
(one U.S. dollar equals 7.5651 yuan)

Source: Xinhua
[1] [2]

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