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ECONOMY
THIS WEEK> THIS WEEK NO. 34, 2013> ECONOMY
UPDATED: August 19, 2013 NO. 34 AUGUST 22, 2013
Booming Profits
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Industrial Bank, a joint-stock bank based in southeast China's Fujian Province, realized 21.64 billion yuan ($3.53 billion) in net profit attributed to its parent company's shareholders, an increase of 26.52 percent from last year, according to the bank's interim report.

Its per-share earnings increased by 6.92 percent from the same period last year to 1.7 yuan ($0.28) per share.

The bank hit 53.46 billion yuan ($8.74 billion) in operational income in the first half of 2013 with 28.64 billion yuan ($4.68 billion) in operating profits.

The weighted average rate of return on net assets stood at 12.06 percent, down 1.75 percent from the same period last year.

Loans increased by 109.91 billion yuan ($17.96 billion), up 8.94 percent from the beginning of the year.

In addition, non-performing loans took up 0.57 percent of the total, up 0.14 percent from the beginning of the year.



 
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