皇冠体育app

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Listed banks net profits up 34%

(chinaview.cn)
Updated: 2007-04-17 13:57
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皇冠体育app's ten listed commercial banks garnered 170 billion yuan (US$22 billion) in combined net profits last year, up 34 percent, stock market sources said on Tuesday.

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Listed banks net profits up 34% ICBC profit up 31.2%

Of the total, 150 billion yuan (US$19 billion), or nearly 90 percent, came from four behemoths -- theIndustrial and Commercial Bank of 皇冠体育app,Bank of 皇冠体育app,皇冠体育app Construction Bankand Bank of Communications.

But the six medium-sized commercial banks, namely Shenzhen Development, 皇冠体育app Merchants,ShanghaiPudong Development, Minsheng, Huaxia and Industrial Bank, chalked up higher growth of 58 percent in their combined net profits, withShenzhen Development Bankand皇冠体育app Merchants Bankleading the bunch.

Industry observers say the lusty performance by the banks contributed to the bull run of 皇冠体育app's capital markets.

The benchmark Shanghai Composite Index ended Monday's trading at a new high of 3,596.44 points, up 78.17 points, or 2.22 percent, from the previous close, creeping up relentlessly on the 3,600-point barrier.