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http://www.shanghaidaily.com/sp/article/2008/200810/20081025/article_378149.htm

Bank earnings soar

Created: 2008-10-25 0:37:29

SHENZHEN Development Bank, a major Chinese joint-stock commercial bank, saw profit rise 77 percent in the first nine months compared with the same period last year, according to the bank's quarterly report released yesterday. The Shenzhen-listed lender reported profit of 3.32 billion yuan (US$485.65 million) between January and September. Its earnings per share touched 1.42 yuan, and the rate of return on net assets was 30.15 percent. The report attributed the profit growth largely to increases in both loans and deposits and rapid expansion of intermediary business.

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