Banking News
- Huaxia Bank profit rises 14 percent
Date: 15-Mar-2007 Sources: (Shenzhen Daily)
HUAXIA Bank Co., a partner of Deutsche Bank, said Tuesday its net profit rose 14 percent in 2006, partly due to expanded lending in the world's fourth-largest economy.
The bank's net profit climbed to 1.45 billion yuan (US$187.2 million) in 2006 from 1.29 billion yuan in 2005, Huaxia said. Turnover of the Shanghai-listed mid-sized lender, based in Beijing, rose 31.2 percent to 18.1 billion yuan in 2006.
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