Huaxia Bank reports profit growth
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E-mail Xinhua, May 5, 2020
BEIJING, May 5 (Xinhua) -- Huaxia Bank, a medium-sized Chinese lender, saw stable growth in both profit and revenue in the first quarter.
The lender's profit in the period rose 6.03 percent year on year to stand at 6.44 billion yuan (about 913 million U.S. dollars), according to the bank's report filed with the Shanghai Stock Exchange.
During the period, its net profits attributable to shareholders reached 4.84 billion yuan, edging up 5.13 percent from the previous year, the report said.
Meanwhile, the bank saw a year-on-year increase of 20.94 percent in revenue, totaling 23.59 billion yuan, with interest income taking the lion's share.
Net interest income soared 34.19 percent from last year to 17.57 billion yuan, accounting for 74.46 percent of the total revenue, the company said. Enditem
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