Banking News
- CDB reports 23% increase in net profits
Date: 12-Mar-2007 Sources: (Shenzhen Daily)
CHINA Development Bank (CDB), one of China's three policy banks, said its net profits rose 22.8 percent to 28 billion yuan (US$3.59 billion) by the end of 2006.
Total assets of the bank grew 21.9 percent to 2,314.3 billion yuan, but the capital adequacy ratio dropped 1.1 percentage points to 8.05 percent, according to the bank's annual report for 2006.
The bank's loan balance rose 16.5 percent to 2.02 trillion yuan, while its non-performing loan (NPL) ratio dropped to 0.72 percent from 0.96 percent in 2005 and 1.31 percent in 2004.
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