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H-share of CRC Bank makes a good start

H-share of CRC Bank makes a good start

Write: Sanyogita [2011-05-20]

CHONGQING (CQNEWS) -- Recently, Chongqing Rural Commercial Bank (03618) published the first annual performance report since its H-share went public in Hong Kong, which shows that the Bank realized retained profit of 3.061 billion yuan in 2010, increasing by 62.11% year on year.

The performance report also indicates that the business income of the Bank in 2010 reached 7.745 billion yuan, realizing an increase of 36.43%. The interest net income mounted to 7.502 billion yuan, increasing by 37.03% year on year.

In addition, the Bank is to integrate local economy and help Chongqing with the construction of opening highland in Chinese mainland, balanced urban and rural development, etc. (Translated by Jiang Li, Fathom Language Limited)