Aug. 10, 2012 (China Knowledge) - Huaxia Bank Co Ltd<600015>, which is partly owned by Deutsche Bank AG, said its net profit attributable to shareholders surged 42.36% YoY to RMB 6.08 billion in the first half of this year, driven by growing business and improving assets profitability.

Basic earnings per share were RMB 0.89 for the period, 17.11% more than RMB 0.76 it realized in the same period of 2011.

From January to June 2012, Huaxia Bank realized RMB 19.45 billion in operating income, up 22.6% from the previous year.

The bank's outstanding deposits reached RMB 968.85 billion by the end of Jun, 8.13% more than at the beginning of this year, while the total lending rose 9.67% to RMB 670.59 billion.

In the first half of this year, the lender's capital adequacy ratio had fallen to 11.3% from 11.68% in 2011 and its core capital adequacy ratio dropped to 8.42%.