Aug. 2, 2012 (China Knowledge) - Shanghai
's banking industry reaped a net profit of RMB 56.31 billion in the first half of this year, 9.14% more than in the same period of 2011, according to data from the Shanghai Bureau of the China Banking Regulatory Commission
The bureau said the that Shanghai's banking industry had total assets of RMB 8.75 trillion at the end of June, reflecting a growth of 17.5% from a year earlier.
The balance of deposits had grown 13.4% YoY to RMB 6.02 trillion and the balance of loans reached RMB 3.95 trillion at the end of the first half, 9.16% more than a year ago.
The sector's non-performing loans were RMB 23.21 billion at the end of June, with NPL ratio standing at 0.59%.