Bank鈥檚 net income rises
Print Edition
Mid-sized Chinese bank Ping An Bank Co Ltd said yesterday its net profit rose 14.25 percent annually to 11.7 billion yuan (US$1.91 billion) in the first three quarters, a faster pace than the 11.39-percent growth in the first half.
In the third quarter, net profit gained 19.82 percent from a year ago to 4.17 billion yuan, the bank said in a statement filed to the Shenzhen Stock Exchange.
In the January-September period, the Shenzhen-based lender’s revenue was 37.35 billion yuan, up 26.46 percent from the same period last year.
Total assets totaled 1.86 trillion yuan at the end of September, up 15.5 percent from the start of the year, the statement said.
Total deposits jumped 22.65 percent from the beginning of the year.
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