Banking News
- Everbright Bank profit up 21.6 percent
Date: 14-Feb-2007 Sources: (Shenzhen Daily)
CHINA Everbright Bank Co. posted a 21.6 percent rise in 2006 net profit, while total assets rose 16.4 percent to 595.1 billion yuan (US$76.7 billion), local media reported yesterday.
The reports did not provide a figure for net profit. The mid-sized lender, which is awaiting a planned US$2.6 billion government bailout, saw loans rise 16 percent to 352.4 billion yuan last year, the reports said. Total deposits rose 14.7 percent to 519.8 billion yuan, the reports said. The planned bailout is being complicated by its State parent's reluctance to give up direct control of the lender, sources said this week.
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