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Pudong Bank profit more than doubled

Business | Banking
2009-1-7

PROFIT at Shanghai Pudong Development Bank Co more than doubled in 2008, boosted by higher interest income and lower taxes, the bank said yesterday. Earnings climbed to 12.5 billion yuan (US$1.8 billion), or 2.21...

Pudong bank buys stake in Laishang

Business | Banking
2008-12-3

SHANGHAI Pudong Development Bank Co, part-owned by Citigroup Inc, has agreed to buy 18 percent of Laishang Bank to boost its presence in Shandong Province and to expand beyond its hometown. The Pudong bank will...

Pudong bank to go ahead with offering

Business | Banking
2008-11-21

SHANGHAI Pudong Development Bank Co, part owned by Citigroup Inc, will proceed with a share offering plan as it aims to double assets to 2.5 trillion yuan (US$366 billion) in four years. Pudong bank's investors...

Pudong Bank doubles Q3 result on higher fees

Business | Banking
2008-10-30

SHANGHAI Pudong Development Bank Co, part owned by Citigroup Inc, yesterday said third-quarter profit more than doubled on higher interest income and lower bad debt provisions, on course to meet this year's earnings...

Bullish on profit

Business | Banking
2008-10-14

SHANGHAI Pudong Development Bank Co, part owned by Citigroup Inc, yesterday said nine-month profit probably surged about 150 percent from the same period last year as income from interest and fees rose. Expanding...

Profit rise lifts bank's appeal to investors

Business | Banking
2008-8-23

SHANGHAI Pudong Development Bank Co, part owned by Citigroup Inc, said yesterday first-half profit rose 150 percent as it improved loan margins and boosted lending in a growing economy. Net income climbed to 6.37...

Pudong Bank not in talks on sale of more shares

Business | Banking
2008-5-10

SHANGHAI Pudong Development Bank Co hasn't started talks about selling more shares to Citigroup Inc as the United States bank focuses on cutting costs and shoring up its finances, President Fu Jianhua said. Citigroup...

End of tradable stock lockup spooks already nervous punters

Business | Banking
2008-5-8

SHANGHAI Pudong Development Bank Co, part owned by Citigroup Inc, dropped by the most in almost a month in Shanghai trading after saying it will have 9 percent more shares tradable next week as a lockup ends. The...

Bank aims for 50% profit lift

Business | Banking
2008-4-28

SHANGHAI Pudong Development Bank Co, part owned by Citigroup Inc, said first-quarter profit almost tripled as it improved loan margins and boosted lending in a growing economy. Net income climbed to 2.8 billion...

Profit may surge

Business | Banking
2008-4-14

SHANGHAI Pudong Development Bank Co, partly owned by Citigroup Inc, said first-quarter profit may have risen more than 180 percent from a year earlier, it said in a statement to the Shanghai Stock Exchange yesterday....