Banking News
- Industrial Bank profit up over 90 percent
Date: 16-Jul-2007 Sources: (Shenzhen Daily)
INDUSTRIAL Bank said Friday that its first-half net profit rose more than 90 percent due to rapid growth in its core business.
Shanghai-listed Industrial Bank, based in the southern province of Fujian and partly owned by Hang Seng Bank, said its interim earnings compared with 1.746 billion yuan (US$230 million) in the first half of last year. Concrete figures will be announced in its first-half report scheduled for release Aug. 28, it said in a statement published on the Shanghai Stock Exchange's Web site.
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