Bank of Communications Net Profit Up 5.6%

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(Caixin Online) Bank of Communications reaped 30.1 billion yuan in net profit in 2009, a 5.59 percent increase from 2008, according to an annual report filed to the Shanghai Stock Exchange.

By the end of 2009, the capital adequacy ratio was 12 percent, above the minimum ratio of 11 percent set by the banking regulator. The lender's core capital adequacy ratio was 8.15 percent, down 1.39 percentage points from the beginning of 2009.