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Bank of Nanjing posts 38.97% surge in net profit for 2011

May. 2, 2012 (China Knowledge) - Bank of Nanjing Co Ltd<601009> has announced that its net profit jumped 38.97% year on year to RMB 3.21 billion last year.

Basic earnings per share were RMB 1.08 in 2011, up 20% year on year. The bank proposed a dividend of RMB 3 per ten shares.

The lender's operating revenue surged 40.66% year on year to RMB 7.46 billion last year. Net interest income grew 40.89% year on year to RMB 6.51 billion.

Meanwhile, Bank of Nanjing said that it booked a net profit of RMB 1.03 billion in the first quarter of this year, 31.71% more than in the same period of 2011.

The bank saw drops in both its capital adequacy ratio and core capital adequacy ratio in the first three months, which stood at 13.65% and 10.74% at the end of March, down from 14.96% and 11.76% at the end of 2011, respectively.

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