23 August 2019

China Everbright Bank weighs preferred share issue, paper says

China Everbright Bank Co. Ltd. (601818.CN) will not rule out issuing preferred shares if there is demand and the timing is right, Shanghai Securities News reported Monday, citing president Zhao Huan. The bank will continue to explore such a possibility with regulators, Zhao was quoted as saying. Meanwhile, the lender reported a net profit of 26.75 billion yuan (US$4.31 billion) for 2013, up 13.27 percent year on year. Its non-performing loan ratio was 0.86 percent, up 0.12 percentage point from the end of 2012, 21st Century Business Herald reported Saturday.

– Contact HKEJ at [email protected]



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