Aug 30, 2012 05:59 PM

Profits (and NPLs) Rise at Joint-Stock Banks

By staff reporters Zhang Yuzhe and Tian Lin and intern reporter Li Xiaoxiao

(Beijing) – Five joint-stock banks have continued to see profit growth, yet they also recorded a rise in non-performing loans, mid-year reports show.

China Merchants Bank posted the highest net profit: 23.4 billion yuan, up one-quarter from the same period last year. The profit growth rates for SPD Bank, Industrial Bank, Ping An Bank and Huaxia Bank were all above 30 percent.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Alipay Fined by Luxembourg Regulator for Anti-Money Laundering Breaches

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently