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August 12, 2009

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China Everbright Bank Net income in H1 tumbles 47%

CHINA Everbright Bank reported a net profit of 3.43 billion yuan (US$502 million) in the first half, down 46.99 percent year on year, said a statement on the bank's Website yesterday.

The bank's outstanding loans soared 31.6 percent to 616.5 billion yuan since January, while its non-performing loan narrowed by 640 million yuan to 8.73 billion yuan by the end of June.


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