Banking News
- SZ bank assets increase 40%
Date: 7-Aug-2007 Sources: (Shenzhen Daily)
ASSETS of all Shenzhen's banks saw a year-on-year growth of 41.2 percent in the first six months of this year, reaching 1.881 trillion yuan (US$248.81 billion) in total, with profits reaching 16.1 billion yuan and new deposits breaking 100 billion yuan, according to a report in the Shenzhen Economic Daily last week.
Outstanding deposits reached 1,176.5 billion yuan, an increase of 18.1 percent on the same period of last year, the report said. New deposits hit 128.3 billion yuan. Total loans reached 958.8 billion yuan, an increase of 21 percent, 4.5 percentage points higher than the country's average. Bank profits reached 16.1 billion yuan, up 87.6 percent compared with the same period of last year, in which domestic banks' profits rose by 91.7 percent while foreign banks' profits increased by 35.2 percent.
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