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China Everbright Bank's profit up 41.07% in Q1

May. 2, 2012 (China Knowledge) – China Everbright Bank Co Ltd<601818>, the banking unit of state-owned China Everbright Group, announced its net profit surge 41.07% year on year to RMB 6.86 billion in the first quarter of this year.

According to a statement filed with Shanghai Stock Exchange, the lender saw its operation revenue for the first three month reached RMB 15.1 billion, reflecting a year-on-year increase of 35.34%.

Basic earnings per share for the three-month period were RMB 0.17, up 41.67% than a year earlier.

As the end of March 2012, Everbright Bank's capital adequacy ratio was 10.67%, up 0.1 percentage points from the end of last year, and the core capital adequacy ratio grow 0.22 percentage points to 8.11%.

Last year, the lender booked a net profit of RMB 18.09 billion, jumped 41.36% year on year. The operation revenue increased 29.66% than a year earlier to RMB 46.07 billion in 2011, China Knowledge reported earlier.

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