SPDB profitable in H1

Source: Xinhua | 2017-08-31

SHANGHAI Pudong Development Bank said its net profit rose 5.2 percent in the first half of this year, with net non-interest income accounting for more of its earnings amid a better business structure.

The bank’s net profit was 28.1 billion yuan (US$4.24 billion), and the net non-interest income took up over one third in the overall revenue of 83.3 billion yuan.

Asset management, bank card and trust business are the three main contributors to the outstanding performance of net non-interest income, which totaled 31.5 billion yuan and rose 16.6 percent year on year, said its interim report yesterday.