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China Everbright Bank's profit up 24% in Q3

Oct. 29, 2012 (China Knowledge) - China Everbright Bank Co Ltd<601818>, the banking unit of state-owned China Everbright Group, has said its net profit attributable to shareholders increase 24% YoY to RMB 6.11 billion in the third quarter of this year.

Basic earnings per share for the period were RMB 0.15, up 25% from a year earlier.

In the first nine month of this year, the Shanghai listed company saw its net profit amount to RMB 19.03 billion, 34.69% more than in the corresponding period of last year.

From January to September, China Everbright Bank's operation revenue grew 31.04% YoY to RMB 44.38 billion. Net interest income for the period hit RMB 37.93 billion, up 30.87% YoY.

As of the end of last month, the bank's capital adequacy ratio hit 11.21%, 0.64 percentage points lower than at the end of last year, while its core capital adequacy ratio was 8.24%, 0.35 percentage points higher than at Dec 31, 2011.

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