Industrial Bank net up 32%
By Wang Lan | China Daily | Updated: 2009-01-20 07:58
Industrial Bank, a joint stock commercial bank in Fujian, yesterday said full year net profit rose 32.34 percent to 11.36 billion yuan, while earnings per share (EPS) rose 29.71 percent to 2.27 yuan.
In a statement to the Shanghai Stock Exchange, the bank said net asset value (NAV) per share at the end of 2008 was 9.8 yuan, up 25.96 percent from a year earlier.
The bank's 2008 results trail the performance of Shanghai Pudong Development Bank which earlier posted a 127.53 percent jump in 2008 net profit. Pudong's EPS rose 127.53 percent to 2.21 yuan, while NAV grew 45.8 percent to 7.29 yuan.
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