Bank meets mark 1 year early
By Zhang Fengming |
May 6, 2011, Friday
|
Print Edition
Print Edition
STANDARD Chartered Bank (China) Ltd's loan-to-deposit ratio did not surpass the 75 percent maximum, enabling the lender to meet the requirement at least a year ahead of regulatory schedule, according to its annual report.
The bank's loan-to-deposit ratio dropped to 72.1 percent at the end of 2010, from 83.2 percent in 2009, according to its annual report which was posted on its website.
Its client loans grew 30 percent to 95.8 billion yuan (US$14.7 billion), while its client savings rose 58 percent to 123.3 billion yuan at the end of 2010.
Its bad loans dropped to 307 million yuan, with a non-performing loan ratio of 0.32 percent at the end of 2010.
Meanwhile, Standard Chartered China reported net profit fell 9 percent to 384 million yuan in 2010, with higher tax expenses being responsible for the decrease. Its pretax profits rose 13 percent to 482 million yuan.
The bank's revenue grew 23 percent to 4.5 billion yuan last year.
Its capital adequacy ratio fell to 11.2 percent at the end of last year from 14.1 percent a year earlier, above regulatory requirement.
Locally-incorporated overseas banks have to ensure they do not exceed the maximum 75 percent loan-to-deposit requirement by the end of this year after a five-year grace period.
The bank's loan-to-deposit ratio dropped to 72.1 percent at the end of 2010, from 83.2 percent in 2009, according to its annual report which was posted on its website.
Its client loans grew 30 percent to 95.8 billion yuan (US$14.7 billion), while its client savings rose 58 percent to 123.3 billion yuan at the end of 2010.
Its bad loans dropped to 307 million yuan, with a non-performing loan ratio of 0.32 percent at the end of 2010.
Meanwhile, Standard Chartered China reported net profit fell 9 percent to 384 million yuan in 2010, with higher tax expenses being responsible for the decrease. Its pretax profits rose 13 percent to 482 million yuan.
The bank's revenue grew 23 percent to 4.5 billion yuan last year.
Its capital adequacy ratio fell to 11.2 percent at the end of last year from 14.1 percent a year earlier, above regulatory requirement.
Locally-incorporated overseas banks have to ensure they do not exceed the maximum 75 percent loan-to-deposit requirement by the end of this year after a five-year grace period.
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