Statistics

Huaxia Bank Q3 profit up 56%

(Xinhua)
Updated: 2010-10-30 13:36

BEIJING - Huaxia Bank, Deutsche Bank's Chinese partner, said Friday its third-quarter profit jumped 55.56 percent to 1.52 billion yuan ($226.72 million) on the back of higher interest income and commissions.

Revenue for the quarter at the mid-size lender rose 35 percent to 6.16 billion yuan. Earnings per share rose 50 percent year-on-year to 0.3 yuan.

Related readings:  China Merchants Bank profit up 57.4% in 1st three quarters  China CITIC Bank's profit up 48.19% in 1st three quarters

Interest income rose 37 percent year-on-year to 5.78 billion yuan while commissions increased 34 percent to 358 million yuan.

The lender's total assets at the end of the quarter climbed 19.56 percent year-on-year to 1.01 trillion yuan.

Shares of the lender fell 4.57 percent to 12.95 yuan Friday.