China Everbright Bank, a medium-sized lender, reported its net profit in the first half of 2014 rose 6.25% year on year to 15.87 billion yuan (2.60 billion U.S. dollars).
Its non-performing loan ratio, however, edged up to 1.11% at the end of June, up 0.25% percentage points from that at the end of last year, the lender said in a statement filed to the Shanghai Stock Exchange, China's News Agency (Xinhua) reported.
In the first half, Everbright's business revenue hit 37.46 billion yuan, up 10.89% year on year. Its net interest income went up 1.78 billion yuan or 6.85% year on year, while non-interest income jumped 24.51% year on year.
At the end of June, the lender's total assets hit 2.67 trillion yuan.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.