Business
        

Money

Minsheng Banking H1 profits rose 57%

Updated: 2011-08-17 09:20

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China Minsheng Banking Corp said Tuesday its first-half profits surged 56.98 percent to a record amount due to rising incomes from loans and fees.

Net profits rose to 13.92 billion yuan ($2.2 billion) from 8.87 billion yuan a year earlier. Earnings per share stood at 0.52 yuan, an increase of 0.19 yuan year-on-year, the lender said in a statement filed to the Shanghai Stock Exchange.

Net interest income, revenue from borrowers minus interest paid to depositors, climbed 39.59 percent during the first half, while income from fee-based services and commissions gained 75.63 percent to 7.92 billion yuan.

Total assets hit 2.16 trillion yuan at the end of June with the core capital adequacy ratio down 0.32 percentage point to 7.75 percent.

The lender's shares gained 1.07 percent to close at 5.67 yuan.

Specials

Star journalist leaves legacy

Li Xing, China Daily's assistant editor-in-chief and veteran columnist, died of a cerebral hemorrhage on Aug 7 in Washington DC, US.

Robots seen as employer-friendly

Robots are not new to industrial manufacturing. They have been in use since the 1960s.

Smurfs up in China

The movie remake of a classic 1980s cartoon series is expected to have special cross-generation appeal to Chinese filmgoers

My Chinese Valentine
Wen pledges 'open' probe
Turning up the heat