Banking News
- Guangdong News
Date: 18-Jul-2007 Sources: (Shenzhen Daily)
SHENZHEN Development Bank, partly held by U.S. private equity firm Newbridge Capital, said yesterday it expected sharp growth in its lending business and fee income to boost first half net profit by 125-145 percent.
The mid-sized lender said in a filing with the Shenzhen Stock Exchange that the forecast results were unaudited and a final audited financial report would be released in the middle of August. For the first half of 2006, the company posted a net profit of 464 million yuan (US$61.33 million).
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