Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
Industrial Bank reports 37.71% surge in 2011 profit

Mar. 20, 2012 (China Knowledge) - Industrial Bank Co Ltd<601166>, a Fujian Province-based bank partly owned by HSBC Holdings Plc<0005>, said yesterday that its net profit jumped 37.71% year on year to RMB 25.51 billion last year.

Basic earnings per share were RMB 2.36 last year. The bank proposed a final dividend of RMB 3.7 per ten shares.

Operating revenue was RMB 59.87 billion in 2011, up 37.77% year on year. Net interest income accounted for 84.7% of the total revenue.

The bank saw a 68.44% growth in non-interest income last year, which hit RMB 9.14 billion.

At the end of 2011, the lender's capital adequacy ratio had fallen to 11.04% from 11.29% a year earlier and its core capital adequacy ratio had dropped to 8.2% from 8.79% a year ago.

Industrial Bank said earlier this month that it plans to raise up to RMB 26.38 billion via a private placement to replenish its core capital.






Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved