Bank net income rose 30%

Our correspondent Gao Chanfang Bank of Communications (601328) March 30 announced 2010 years of performance. Last year, the bank achieved a net profit of 39.042 billion yuan, an increase of 29.63%. As at December 31, 2010, the total assets of the bank had reached 39,515, 9.3 billion yuan, an increase of 19.41% in the year, and the average return on assets and average shareholder equity were 1.08% and 20.2% respectively, up by 0.07 and 0.71% per cent respectively. The net profit margin and the yield rate were 2.39% and 2.46%, respectively.　　The value-reduction loan ratio was 1.12%, down 0.24% from the beginning of the year; During the reporting period, the bank took the lead in the successful implementation of A+H allotment financing plan in large commercial banks. As at the end of the reporting period, the capital adequacy ratio and core capital adequacy ratios reached 12.36% and 9.37% respectively, up by 0.36 and 1.22% per cent respectively at the beginning. Net interest income rose sharply, achieving interest net income of 84.995 billion yuan, an increase of 27.49%.