China Everbright Bank profit up 22.2% in H1
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E-mail Xinhua, September 4, 2021
China Everbright Bank, a joint-stock lender, saw its net profit rise 22.2 percent from the same period last year to 22.51 billion yuan (about 3.48 billion U.S. dollars) in the first six months.
The bank's operating revenue reached 77.04 billion yuan, up 6.8 percent year on year.
Its non-performing loan ratio was 1.36 percent at the end of June, 0.02 percentage points lower than at the beginning of the year. The provision coverage rate was 184.06 percent, 1.35 percentage points higher than at the beginning of the year.
The lender has boosted its support to the manufacturing sector and private enterprises to support the real economy.
Its outstanding loans to the manufacturing sector stood at 330.8 billion yuan at the end of June, up 6 percent from the beginning of the year. Its outstanding loans to private enterprises reached 708.5 billion yuan, up 8.2 percent from the beginning of the year.
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