Shanghai Pudong Development Bank Co Ltd saw its annual revenue grow 22.14 percent year-on-year to 82.95 billion yuan ($13.38 billion) in 2012, according to the company's annual report on Wednesday. Shareholders' net profit increased 25.29 percent year-on-year, to 34.19 billion yuan, while the bad-loan ratio rose 0.14 percent, to 0.58 percent. Insiders from the bank said 75 percent of the 3.1 billion yuan in new bad loans was made to enterprises in Wenzhou, Zhejiang province, and 85 percent of the bad loans went to wholesale and manufacturing industries.
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