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Huaxia bank's profit up 36.7% in Q3

Oct. 26, 2012 (China Knowledge) - Huaxia Bank Co Ltd<600015>, which is partly owned by Deutsche Bank AG, has posted a net profit of RMB 3.11 billion for the third quarter of this year, reflecting a YoY increase of 36.73%.

In the first nine months of this year, Huaxia Bank's net profit amounted to RMB 9.18 billion, up 40.41% than in the same period of last year.

From January to September, the Shanghai listed company saw its operation revenue grow 19.51% from a year earlier to RMB 29.37 billion.

Net interest income for the nine-month period hit RMB 26.03 billion, up 17% YoY, while its brokerage income surged 39.38% YoY to RMB 3.04 billion.

As of Sep 30, 2012, Huaxia Bank's capital adequacy ratio was 11.23%, lower than 11.68% it realized at the end of last year, and its core capital adequacy ratio reached 8.43%, 0.29 percentage points less than at Dec 31, 2011.

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