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China Development Bank earns RMB 45.61 bln in 2011

Apr. 26, 2012 (China Knowledge) - China Development Bank or CDB, one of the three policy banks in the country, announced yesterday that its net profit jumped 22.84% year on year to RMB 45.61 billion last year, driven by an increase in net interest income.

The bank's net interest income reached RMB 116.46 billion in 2011, reflecting an increase of 32.85% from the previous year and accounting for 99.17% of its total operating revenue.

CDB saw its net interest margin rise 0.19 percentage points from 2010 to 2.04% in 2011.

At the end of last year, the lender's total assets had increased 22.30% from a year earlier to RMB 6.25 trillion, and its total liabilities had risen 23.30% year on year to RMB 5.81 trillion, of which RMB 4.48 trillion was in bonds, 20.09% more than a year ago.

CDB, 50.18% held by the Ministry of Finance (MOF), 47.63% by Central Huijin Investment Co and 2.19% by National Social Security Fund, is the county's second-largest bond seller after the MOF.

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