News Column

Everbright Bank H1 Net Up 6.22%

September 1, 2014

BEIJING, September 1, SinoCast -- Everbright Bank recorded net profit attributable to shareholders of CNY 15.845 billion in the first half of this year, growing 6.22% year on year, and basic earnings per share were CNY 0.34, down 8.11%.

Operating income reached CNY 37.46 billion, growing CNY 3.678 billion or 10.89%; net interest income reached CNY 27.838 billion, growing CNY 1.784 billion or 6.85%; handling charge and commission income reached CNY 8.632 billion, growing CNY 1.283 billion or 17.46%.

Net interest spread was 1.99%, down 5 basis points; net interest margin was 2.25%, up 2 basis points. Average rate of return on total assets reached 1.25%, down 0.01 percentage points; weighted average rate of return on equity was 19.40%, down 5.1912 percentage points.

By June 30, total assets reached CNY 2.669578 trillion, growing CNY 254.492 billion or 10.54% over the end of the previous year; customer deposits reached CNY 1.796282 trillion, growing CNY 191.004 billion or 11.90%; loans and advances reached CNY 1.245356 trillion, growing CNY 79.046 billion or 6.78%; deposit-to-loan ratio was 69.41%.

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Source: Sinocast Banking & Credit Beat (China)

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