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Pudong Bank reaps net earnings in H1
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Shanghai Pudong Development Bank made a net profit of 6.78 billion yuan (US$992.68 million) for the first half of this year.

The figure was a rise of 406 million yuan, or 6.37 percent, over the same period last year, according to the bank's half-year report submitted to the Shanghai Stock Exchange last Saturday. Earnings per share were 0.86 yuan in the first half, an increase of 6.47 percent over the same period last year. Revenue during the first six months this year was 16.68 billion yuan, down 0.17 percent year on year. Interest income fell 0.56 percent annually to 15.13 billion yuan. The non-performing loan ratio was 0.9 percent in the first six months, down 0.31 percentage point over the same period of last year. Total assets of the lender were 1.62 trillion yuan in the January-June period, up 23.68 percent over the end of last year.

(Shanghai Daily August 31, 2009)

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