Shenzhen lender net profit up 719%

16:57, March 12, 2010      

Email | Print | Subscribe | Comments | Forum 

Shenzhen Development Bank said its 2009 net profit reached 5.03 billion yuan ($736.9 million), or 1.62 yuan per share, up 719 percent from a year earlier, thanks to lower provisions for bad loans, rapid lending growth and higher fee income, the bank said in its annual report Thursday.

Its non-performing loan ratio and capital adequacy ratio stood at 0.68 percent and 8.88 percent respectively by the end of last year.

The midsize bank posted a net profit of 614 million yuan in 2008.

Its majority shareholder, the Newbridge Asia AIV III, LP, owns 16.76% of the bank.

Source: China Daily/Agencies
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
Major headlines
Editor's Pick
  • Elie Saab Fall/Winter 2010/11 women's ready-to-wear fashion show
  • Snapshots from Int'l Tourism Bourse in Berlin
  • High school students in Taiwan attend coming-of-age rite
  • Envy? Baby otter dossing down on mom's stomach
  • 1000th day of Israeli blockade on Gaza Strip marked
  • 20th anniversary of Lithuania's declaration of independence
Most Popular
Hot Forum Dicussion