久久久国产999,91丝袜熟女

Videos
Photos

Pudong Bank full year net profit up 128%

By Wang Zhenghua (China Daily)
Updated: 2009-01-07 11:54

Shanghai Pudong Development Bank, part-owned by Citigroup Inc, said yesterday its full year net profit rose 128 percent on higher interest income and lower taxes.

The Shanghai-based lender in a preliminary earnings statement said it expects to report a full year net profit of 12.5 billion yuan ($1.83 billion), or 2.21 yuan a share, compared with 5.5 billion yuan, or an adjusted 0.97 yuan in 2007.

The bank is scheduled to publish its final results on Feb 28.

"The (huge earnings) growth was not surprising," said Essence Securities analyst Gao Yuan. "The rosy performance was partly due to less tax payments, coupled with increased lending."

Analysts aver that most of the other banks are also expected to report satisfactory earnings. The 2008 earnings (of the banks) has been largely unaffected by the economic crisis. However, they expect lenders to allocate additional funds to cover for the anticipated rise in non-performing loans.

Banks are now heading for harsher climes as the rate cuts since September have squeezed interest spreads, their main source of income.

"The real impact of the interest rate cut will show up this year, or even in the second half of 2009," said Changjiang Securities analyst Liu Jun.

"Although the Chinese government encourages banks to lend, they will be cautious in doing so," he said.

Liu said he expects the quantum of bad debts to be small this year, as most of the domestic lenders have strengthened their risk control mechanisms.

(For more biz stories, please visit Industries)

国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频