Date
19 August 2018

Net profit up at China Everbright Bank, paper says

China Everbright Bank Co., Ltd. (601818.CN) said Monday that it made 21.7 billion yuan (US$3.566 billion) in net profit in the first nine months, a rise of 13.87 percent year on year, the Economic Information Daily reported Tuesday. Revenue for the period also rose by 9.89 percent to 48.768 billion yuan, while the bank’s total assets came to 2.4743 trillion yuan as of September 30, up 8.56 percent over the end of 2012. Customer deposits totaled 1.6221 trillion yuan, up by 13.68 percent, while 1.1393 trillion yuan in loans was extended, a total that was up 11.36 percent over the end of 2012. As of the end of September, the bank’s non-performing loan ratio was 0.82 percent, while the core capital adequacy ratio was 7.89 percent, up 12 basis points over the end of June, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

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