August 30 -- Bank of Ningbo (002142) posted a 31.09 percent year-on-year rise in first half 2011 net profit to 1.66 billion yuan, with earnings per share of 0.57 yuan, reports China Business News, citing a filing by the bank.

Revenue rose 34.84 percent to 3.64 billion yuan, of which revenue from commissions and fees totaled 308 million yuan, accounting for 4.21 percent of total revenue.

Through the end of June, Bank of Ningbo had total assets of 262.45 billion yuan, down 0.31 percent from the beginning of 2011.

Total deposits increased 18.44 percent year-on-year to 172.72 billion yuan as of end June, while the loan balance was up 11.98 percent to 113.74 billion yuan. The loan-deposit ratio was 62.96 percent.

The bank reported capital adequacy ratio of 14.62 percent as of end June, while core capital adequacy ratio hit 11.46 percent.

Through the end of June, the non-performing loan (NPL) ratio hit 0.69 percent, unchanged from the beginning of 2011.

The provision coverage ratio rose 13.96 percentage points to 210.11 percent.

Source:capitalvue