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Shenzhen lender net profit up 719%

Shenzhen lender net profit up 719%

Write: Nimbus [2011-05-20]

Shenzhen lender net profit up 719%Special Coverage:2009 Annual Reports of Listed Companies

Its non-performing loan ratio and capital adequacy ratio stood at 0.68 percent and 8.88 percent respectively by the end of last year.

The midsize bank posted a net profit of 614 million yuan in 2008.

Its majority shareholder, the Newbridge Asia AIV III, LP, owns 16.76% of the bank.