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China Bohai Bank reports fiscal results.

Global Banking News-22 April 2010-China Bohai Bank reports fiscal results(C)2010 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 22 April 2010(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

China Bohai Bank Company has reported that its net profit has doubled in 2008 to CNY256.4m from CNY126.9m a year ago Dow Jones has reported, citing a separate report by the Financial News.

The bank, which is 19.99 percent-owned by UK's Standard Chartered Plc (LSE: STAN) (STD.DE) (OTC: SCBFF) (HKG: 2888), said that its net profit after extraordinary items was CNY230.6m last year.

The bank's non-performing loan ratio improved to 0.10 percent at the end of last year from 0.25 percent at the end of 2008, it said. Loans totalled CNY69.7bn at the end of 2009, up from CNY34.7bn a year earlier, while deposits jumped to CNY101.6bn from CNY48.7bn.

Its capital adequacy ratio fell to 10.21 percent at the end of 2009, from 13.24 percent at the end of 2008, while its core CAR at the end of last year was 7.43 percent.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Apr 22, 2010
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