China's SPD Bank sees 2017 net profit up 2.15 pct

Updated 2018-01-07 12:01:00 Xinhua

Shanghai Pudong Development (SPD) Bank said its net profit for 2017 rose 2.15 percent year on year to 54.24 billion yuan (8.3 billion U.S. dollars).

Revenue climbed 4.87 percent to 168.62 billion yuan last year, the bank said in a preliminary earnings estimate report to the Shanghai Stock Exchange Saturday.

Earnings per share stood at 1.84 yuan, edging down 0.54 percent from a year earlier.

The bank said its asset quality had remained stable and risks were generally within control, as it strove to improve business structure to support the real economy while preventing and defusing risks.

Its total assets had amounted to 6.14 trillion yuan by the end of 2017, up 4.74 percent from the end of 2016. Meanwhile, its non-performing loan ratio had risen to 2.14 percent, an increase of 0.25 percentage point from the beginning of 2017.

The company's share price gained 0.24 percent to 12.69 yuan Friday.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58August 21 2018 04:42:22

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16August 21 2018 04:42:22

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18August 21 2018 04:42:22

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords