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State Commercial Bank Reports Good Performance
The Fujian Industrial Bank, one of the China's major state-controlled share-holding commercial banks, had earned 300 million yuan in profits from January to June this year.
Based in Fuzhou, capital of east China's Fujian Province, the bank had had 56.6 billion yuan in total assets by the end of June, seven billion yuan more than the figure at the beginning of the year.
By the end of June, savings in the bank stood at 41.2 billion yuan, a 28-percent rise on the level at the beginning of the year, with outstanding loans it granted growing by 10 billion yuan to more than 22 billion yuan.
Set up in 1988, the bank has opened more than 200 business outlets at home and also established agency relations with more than 200 Chinese and foreign financial institutions.
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