Guangdong Development Bank had a profit of 2.67 billion yuan (US$381 million) in 2007, compared with a loss of 541 million yuan a year ago, the Guangzhou-based lender said yesterday.

The bank's deposits rose 10.5 percent to 352.7 billion yuan while lending grew to 248.4 billion yuan, an increase of 14.5 percent from a year ago. The bank's capital adequacy ratio sat at 7.12 percent.