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Business / Corporate Reports

China Everbright Bank's profits rise 15.5%

(Xinhua) Updated: 2013-08-27 08:56

BEIJING -- Net profits at China Everbright Bank, a mid-sized lender, rose 15.46 percent in the first half of 2013 to 14.92 billion yuan ($2.4 billion), the bank said on Monday.

Its business revenues hit 33.78 billion yuan in the first six months, up 10.83 percent year on year, boosted by rising net interest income and growing service fees and commission, a report filed to the Shanghai Stock Exchange said.

Service fees and commission income rose 48.83 percent at the end of June from a year earlier to 7.4 billion yuan.

Net interest income rose 2.95 percent to 26.05 billion yuan per share in the first half year.

Its non-performing loan ratio was 0.8 percent at the end of June, up 0.06 percentage points from the end of 2012.

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