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Huaxia Bank H1 profit up 5.06 pct

August 19, 2019


Abstract : Huaxia Bank, a medium-sized Chinese lender, reported a 5.06 percent rise in net profit in the first half of the year.

BEIJING, Aug. 19 (Xinhua) -- Huaxia Bank, a medium-sized Chinese lender, reported a 5.06 percent rise in net profit in the first half of the year.

The net profit came in at 10.54 billion yuan (about 1.51 billion U.S. dollars) in H1, said Huaxia Bank in its semiannual report.

Business revenue totaled 39.79 billion yuan, up 21.05 percent year on year, with earnings per share at 0.63 yuan.

Huaxia Bank saw its bad loan ratio edge down 0.01 percentage points from the end of last year to 1.84 percent in H1.

By the end of June, the bank's total assets rose 12.76 percent from the start of the year to 3.02 trillion yuan.

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Keyword: banking Huaxia-Bank

Reading:

129 Chinese firms on 2019 Fortune Global 500 list, overtaking U.S. for first time

Huaxia Bank 2018 profit rises 5.2 pct

Huaxia Bank's asset management unit signs up for UN PRI

New round of policies unveiled by China's local authorities to optimize business environment

Huaxia Bank's H1 profit exceeds RMB10 bln

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