China Everbright Bank, China's mid-size lender, reports an increase of 35 percent in H1 net profit.
China Everbright Bank said Sunday that its net profit rose 34.77 percent year-on-year to 9.21 billion yuan ($1.43 billion) in the first half of this year.
Business revenue reached 22.93 billion yuan in the first six months, up 32.44 percent from a year earlier, the bank said in a statement filed to the Shanghai Stock Exchange.
Net interest income and commissions mainly contributed to the rise of business revenue, the statement said. Net interest income grew 32.6 percent year-on-year to 18.88 billion yuan and net fee and commission income jumped 49.45 percent to 3.802 billion yuan in the first half, the statement said.
Earnings per share was 0.23 yuan during the period, compared with 0.20 yuan for the first half of last year, according to the statement.
At the end of June, the bank's non-performing loans totaled 5.713 billion yuan, 118 million yuan less than the end of last year. That made non-performing loans ratio drop 0.08 percentage points from the end of last year to 0.67 percent at the end of June, according to the statement.
The capital adequacy ratio stood at percent 10.82 percent at the end of June, the statement said.