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SPD Bank announces 42% jump in earnings
By Hu Xiaocen |
March 16, 2012, Friday
|
Online Edition
Online Edition
SHANGHAI Pudong Development Bank, a mid-sized lender, announced a year-on-year earnings jump of 42.3 percent for 2011 to 27.3 billion yuan (US$4.3 billion), due to growth in loans, deposits and net interest margins.
Loans and deposits grew 16.1 and 12.8 percent through the whole year. Net interest margins expanded 11 basis points to 2.6 percent. And earnings per share increased to 1.46 yuan from 1.23 yuan the previous year.
The bank's non-performing loans balance eased 0.9 percent from the previous year, while the NPL ratio fell 7 basis points to 0.44 percent.
The lender's core capital adequacy ratio fell 1.7 percentage points year-on-year to 9.2 percent at the end of last year.
The lender will pay dividends of 3 yuan, including tax, to shareholders for every 10 shares they hold, according to a filling to the Shanghai Stock Exchange.
"We target a 17-percent growth in net profits in 2012," said the bank today in a statement.
The lender's A-shares have paced an advance of 0.65 percent to 9.25 yuan by 2:22pm today.
Loans and deposits grew 16.1 and 12.8 percent through the whole year. Net interest margins expanded 11 basis points to 2.6 percent. And earnings per share increased to 1.46 yuan from 1.23 yuan the previous year.
The bank's non-performing loans balance eased 0.9 percent from the previous year, while the NPL ratio fell 7 basis points to 0.44 percent.
The lender's core capital adequacy ratio fell 1.7 percentage points year-on-year to 9.2 percent at the end of last year.
The lender will pay dividends of 3 yuan, including tax, to shareholders for every 10 shares they hold, according to a filling to the Shanghai Stock Exchange.
"We target a 17-percent growth in net profits in 2012," said the bank today in a statement.
The lender's A-shares have paced an advance of 0.65 percent to 9.25 yuan by 2:22pm today.
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