Huaxia Bank net profit of the first three quarters increased 50%

Chinese bank announced yesterday that net profit in the first three quarters of 2010 was expected to grow by more than 50% over a year earlier.　　According to the SSE information, Huaxia Bank will disclose its three quarterly bulletin on October 29. In the first three quarters of last year, the Chinese bank realized a net profit of 2.643 billion yuan, and realized a profit of 0.53 yuan per share.　　According to the announcement, the first three quarter of this year net profit increased by more than 50%, can calculate the Huaxia bank this January-September to achieve net profit will exceed 3.9 billion. China Bank said the sharp rise in net profits in the three quarter 2010 years earlier was due to asset size growth, lower capital costs, increased interest net income and growth in intermediary business.