Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Current Home > Business > Enterprises & Products
Shenzhen Development Bank posts 129% growth in net profits in Q1
Latest Updated by 2007-05-06 14:37:58
Related News
Business News
China's steel export to slow down in second half
China imports less aluminum amid expanding production capacity
Both import, export value of tungsten down 11% in Q1

Shenzhen Development Bank, one of China's 10 listed commercial banks, reported net profits up 129 percent to 535 million yuan (70 million U.S. dollars) in the first quarter of the year, company sources said on Saturday.

The bank's earnings per share stood at 0.27 yuan, and its return-on-equity at 31.2 percent, 13 percentage points higher than the same period of last year.

The sources said the fast growth was largely due to higher interest income.

Between January and March, the Shenzhen-listed bank garnered 652 million yuan (85 million dollars) in interest earnings, up 44 percent year-on-year.

At the end of March, the midsize bank had 14.8 billion yuan (1.9 billion dollars) of non-performing loans on its books, 224 million yuan (29.1 million dollars) more than the level at the end of last year. However, its NPL ratio went down from 7.99 percent to 7.68 percent.

Editor: Donald

By: Source: China View website
Previous:    Next:China Minsheng's net profits up nearly 50% in first quarter

ASEAN+3 Finance Ministers' Meeting makes tangible progress

20,000 walk Western Corridor

[Guangzhou] Eight New Attractive Places of Liwan District Selected

A park to be constructed in the greenbelt inside Ersha Island

2008 Beijing Olympic Games Torch unveiled
This site contains material from other media for content enrichment purpose only.
The website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact within thirty (30) days. Email:
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips