Everbright Bank net profit surges 66% in 2010
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China Everbright Bank, a Beijing-based commercial bank, announced Monday a 66 percent surge in net profit in 2010. |
Beijing-based China Everbright Bank reported Monday a net profit of 12.7 billion yuan in 2010, up 66 percent from 2009, China Business News reported.
In 2010, CEB had an operating revenue of 35.4 billion yuan, a 46-percent increase over the previous year.
By the end of 2010, the bank's outstanding loans stood at 780 billion yuan, up 20 percent from 2009. CEB's outstanding deposits increased 33 percent in 2010 to 1 trillion yuan.
The bank's non-performing loans ratio dropped 0.5 basis points to 0.75 percent by the end of 2010.
China's business press carried the story above on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
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