HUAXIA Bank Co (stock code: 600015), the Chinese lender part owned by Deutsche Bank AG, said first-half profit surged 34 percent from a year earlier.

Net income increased to one billion yuan (US$132 million), or 0.24 yuan a share, from 745 million yuan, or 0.18 yuan per share, a year earlier, the Beijing-based bank said in a statement to Shanghai's stock exchange yesterday. Net interest income totaled 4.96 billion yuan, the bank said, without giving a year-earlier figure.