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Chongqing Rural Commercial Bank sees 38.77% rise in 2011 profit

Mar. 21, 2012 (China Knowledge) - Chongqing Rural Commercial Bank Co<3618>, the first Chinese rural commercial bank listed in Hong Kong, said yesterday that its net profit surged 38.77% year on year to RMB 4.25 billion last year.

Basic earnings per share were RMB 0.46 last year. The bank proposed a final dividend of RMB 0.14 per share.

Pretax profit was RMB 5.50 billion last year, up 37.9% year on year, said the bank in its annual report.

Chongqing Rural Commercial Bank, which listed in Hong Kong in December 2010, reaped RMB 10.51 billion in net interest income last year, 40.03% more than in 2010 and accounting for 94.48% of the lender's total operating revenue.

At the end of last year, the bank's total assets had reached RMB 344.8 billion, and its customer deposits had hit RMB 246.1 billion.

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