Search Results

Results 1 - 10

Bank's net rises on more interest income

Business | Banking
2009-10-30

HIGHER interest income propelled third quarter profit at Shanghai Pudong Development Bank by 4.5 percent, the lender said yesterday. The bank, partly owned by Citigroup Inc, also said it has approval from its...

Pudong bank raises US$2.2b

Business | Banking
2009-10-1

SHANGHAI Pudong Development Bank has raised 15 billion yuan (US$2.2 billion) in a private placement to replenish its reserves and raise its capital-adequacy ratio following a period of rapid growth in lending. The...

ADB sees 8.2% rise for China's economy

Business | Macro-economy and policy
2009-9-23

THE Asian Development Bank raised its forecast for China's economic growth this year to 8.2 percent, twice the average pace it estimates for growth in Asia outside Japan. The bank revised its China estimate from...

ADB revises China's growth up to 8.2 percent

Business | Banking
2009-9-22

THE Asian Development Bank today raised its forecast for China's economic growth this year to 8.2 percent from the 7 percent March prediction, and said the country should maintain its fiscal stimulus plan to sustain...

Lender considers options to raise funds

Business | Banking
2009-9-19

SHANGHAI Pudong Development Bank said yesterday it is considering sales of shares or bonds or a listing overseas to replenish capital that was squeezed by rapid credit growth this year. The bank aims to have at...

ADB loan to promote clean waste technology

Business | Macro-economy and policy
2009-9-4

THE Asian Development Bank yesterday said it would lend US$200 million to China to help develop waste-to-energy plants. The loan would be the ADB's first to a private-sector municipal solid waste management project,...

Pudong Bank reaps net earnings in H1

Business | Banking
2009-8-31

SHANGHAI Pudong Development Bank made a net profit of 6.78 billion yuan (US$992.68 million) for the first half of this year. The figure was a rise of 406 million yuan, or 6.37 percent, over the same period last...

ADB support for Chinese wind farm

Business | Macro-economy and policy
2009-7-8

THE Asian Development Bank is to partly finance a US$73-million wind farm in the Inner Mongolia Autonomous Region to support China's efforts to cut greenhouse gas emissions and promote private investment in renewable...

Pudong Bank gets nod to raise capital

Business | Banking
2009-5-6

SHAREHOLDERS of Shanghai Pudong Development Bank yesterday overwhelmingly gave the green light to its plan to raise a combined 30 billion yuan (US$4.4 billion) via bonds and new shares placement. More than 99 percent...

ADB says Chinese economy on mend

Business | Banking
2009-5-6

THE Chinese economy may have already bottomed out and be in the recovery phase, said Haruhiko Kuroda, president of the Asian Development Bank in Bali yesterday. Kuroda made the remark at a press conference on the...