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Bank of Nanjing's H1 profit up 37.42% in H1

Aug. 27, 2012 (China Knowledge) - Bank of Nanjing Co Ltd<601009> has said that its net profit jumped 37.42% YoY to RMB 2.18 billion in the first half of this year.

Earnings per share were RMB 0.74 in the period.

The bank's operating revenue surged 36.7% from the same period of 2011 to RMB 4.77 billion in the first six months, driven by increases in net interest income and investment income.

At the end of June, Bank of Nanjing's total assets had increased 18.63% from the beginning of this year to RMB 334.28 billion. The balance of deposits grew 25.08% to RMB 208.16 billion in H1, and the balance of loans rose 14.12% to RMB 117.32 billion.

At the end of June, the lender's capital adequacy ratio was 13.34% and its core capital adequacy ratio was 10.42%.

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