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Higher net

Business | Banking
2009-1-14

BANK of Nanjing Co, a Chinese bank partly owned by BNP Paribas SA, said 2008 profit may have risen 70 percent on higher interest income and fees. The bank earned 909.5 million yuan (US$133.1 million), or 0.62 yuan...

Bank of Nanjing plans extra branches nationally

Business | Banking
2008-6-27

BANK of Nanjing plans to open six to eight branches out of its home city within three years as it eyes a national network, its chairman said yesterday in Shanghai. The city commercial bank is also considering acquisitions...

Interest spread and fees cheer city banks

Business | Banking
2008-5-1

A WIDENING interest spread and higher fee-based income have helped two listed city commercial banks post rosy first-quarter profit. Bank of Nanjing Co, which is partly owned by France's BNP Paribas SA, said first-quarter...

Nanjing bank posts 53% climb in income

Business | Banking
2008-4-1

BANK of Nanjing posted a 53-percent profit growth last year, helped by rising lending, cost control and a tax decrease. Net income of the city commercial bank climbed to 909.5 million yuan (US$130 million), or...

China will start swap trades soon

Business | Foreign trade
2008-1-28

CHINA will expand trading of interest-rate swaps next month to accelerate the development of derivatives and help companies and financial institutions hedge risks, the central bank said. Qualified members of the...

MoneyGram talks

Business | Banking
2007-9-27

MONEYGRAM International is in talks with banks including Bank of Nanjing to add to its network of agents, officials said yesterday. The second-largest remittance company in the world has already teamed up with...

Two city banks open high at mainland debut

Business | Banking
2007-7-19

TWO China's city commercial banks jumped on their debut on the Chinese mainland today. THE Bank of Nanjing opened at 19.20 yuan (US$2.54) per share, growing 74.5 percent from its initial public offering price of 11 yuan. ...

China's first city-bank IPOs sell at top end of their range

Business | Banking
2007-7-17

THE Bank of Nanjing and the Bank of Ningbo raised a combined 11.07 billion yuan (US$1.46 billion) as China's first two city commercial banks to go public. Both set their share prices at the top end of the range...

Bank of Nanjing, Bank of Ningbo set IPO prices

Business | Banking
2007-7-16

THE Bank of Nanjing and the Bank of Ningbo both raised a combined 11.07 billion yuan (US$1.46 billion) as the first two city commercial banks to go public both set their price at the top end of offered ranges due to...

Nanjing and Ningbo banks set to raise US$1.46b in IPOs

Business | Banking
2007-7-12

BANK of Nanjing and Bank of Ningbo are expected to raise a combined 11.07 billion yuan (US$1.46 billion) in the first batch of initial pubic offerings by China's city lenders, the two banks said yesterday. Bank...