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Pudong Development Bank reports 42.28% surge in 2011 profit

Mar. 16, 2012 (China Knowledge) - Shanghai Pudong Development Bank<600000> announced yesterday that its net profit grew 42.28% year on year to RMB 27.29 billion last year.

The bank saw its net interest income reach RMB 61.44 billion last year, which accounted for 90.46% of its operating revenue. Non-interest income was RMB 6.48 billion in the period, accounting for 9.54% of the total operating revenue.

At the end of last year, the bank's total assets had increased 22.51% year on year to RMB 2.68 trillion.

Non-performing loan ratio was 0.44% at the end of 2011, down 0.07 percentage points from a year earlier, while provision coverage ratio rose to 499.60%, 199.04 percentage points higher than a year earlier.

Shanghai Pudong Development Bank proposed a final dividend of RMB 3 per ten shares or RMB 5.60 billion in total.







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