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Profits, service fees up for banks in Q1

(Global Times)

08:22, May 14, 2012

According to statistics from Shenzhen Securities Information Co, 16 Chinese banks trading on the A-share market made a net profit of 272.58 billion yuan ($43.19 billion) during the first quarter, up 19.73 percent year-on-year.

The net revenues these banks made from service fees reached 124.35 billion yuan in the same period, up 17.27 percent compared to the same period in 2011. Shenzhen Development Bank, China Minsheng Banking Corp and Industrial Bank Co saw their revenues from service fees grow by 200 percent, 74 percent and 62 percent year-on-year respectively in the first three months of this year.


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