The Huaxia Bank announced on Wednesday a 13.87 percent year-on-year rise in net profits to 14.57 billion yuan (US$1.91 billion) in 2006.

 

Earnings per share were 0.35 yuan, a 16.67 percent rise over 2005, according to the bank's annual business report for 2006.

 

The Huaxia Bank is a domestic share-holder commercial bank listed on the Shanghai Stock Exchange, one of China's two stock exchanges.

 

By the end of 2006, the bank's total assets reached 445 billion yuan, up 25.04 percent, with outstanding deposits and loans rising 18.18 percent and 11.29 percent respectively.

 

The capital adequacy ratio and non-performing loan rate of the Huaxia Bank was 8.82 percent and 2.73 percent respectively.

 

(Xinhua News Agency March 15, 2007)