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Ping An Bank's profit up 17.6% in Q3

Oct. 26, 2012 (China Knowledge) - Ping An Bank Co<000001>, the banking unit of Ping An Insurance (Group) Co<601318><2318>, has said its net profit attributable to shareholders increase 17.6% YoY to RMB 3.48 billion in the third quarter of this year.

Basic earnings per share for the period were RMB 0.68.

In the first nine month of this year, the Shenzhen listed company saw its net profit amount to RMB 10.24 billion, 33.18% more than in the corresponding period of last year.

From January to September, Ping An Bank's operation revenue grew 42.66% YoY to RMB 29.53 billion. Net interest income for the period hit RMB 24.56 billion, up 38.91% YoY.

As of the end of last month, the bank's capital adequacy ratio hit 11.3%, 0.21 percentage points lower than at the end of last year, while its core capital adequacy ratio was 8.47%, 0.01 percentage points higher than at Dec 31, 2011.

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