Hua Xia Bank H1 Net Profit Up 41.9%

   Date:2011/08/15

Hua Xia Bank(600015.SH)posted a 41.89 percent year-on-year increase in first half 2011 net profit to 4.27 billion yuan, with basic earnings per share of 0.76 yuan, up 26.67 percent, reports Securities Times.

The bank's return on equity (ROE) was up 0.21 percentage point year-on-year to 9.71 percent in the first half, with total assets up 9.66 percent to 1.14 trillion yuan as of end June.

The non-performing loans (NPL) ratio fell 0.2 percentage point from end 2010 to 0.98 percent through the end of June.

The bank raised 20.11 billion yuan from a private placement in the first half.

Hua Xia Bank reported capital adequacy ratio of 13.32 percent as of end June, while core capital adequacy ratio was 9.8 percent.

The top 10 customers borrowed a total of 21.47 billion yuan from the bank as of end June, accounting for 3.76 percent of the total and 26.88 percent of the bank’s net assets, within the regulatory limits.

Source:capitalvue

2005- www.researchinchina.com All Rights Reserved 京ICP备05069564号-1 京公网安备1101054484号