China's SPD Bank sees H1 net profit up 12.4 pct

Source: Xinhua | 2019-08-26

The Shanghai Pudong Development (SPD) Bank said its net profit for the first half of 2019 rose 12.38 percent year on year to 32.11 billion yuan (4.52 billion U.S. dollars).
Its business revenue climbed 19 percent to 97.6 billion yuan in H1, the bank said in its first-half financial report to the Shanghai Stock Exchange Saturday.
Earnings per share stood at 1.07 yuan, up from 0.95 yuan from a year earlier.
The bank's net interest income, which accounted for 65.84 percent of its total revenue, surged 25.3 percent from one year earlier to 64.26 billion yuan in H1.
Its total assets had amounted to 6.66 trillion yuan by the end of June, up 5.89 percent from the end of 2018. Meanwhile, its non-performing loan ratio fell to 1.83 percent, a decline of 0.09 percentage points from the end of last year.
The company's share price gained 1.4 percent to 11.59 yuan Friday.