Nanjing Bank's first-half investment income drops more than 30%

In the first half of the year, net profit grew nearly 50% per cent year-on-year, but investment earnings fell by more than 30% per cent year-on-year, the Bank of Nanjing reported today. Data show that the first half of the Nanjing bank to achieve operating income of 2.563 billion yuan, a significant increase of 47.18%. Interest income rose by as much as 54.98% per cent, and fees and commission net income rose by 43.46% per cent year-on-year.　　Investment earnings, however, have fallen by more than 30% per cent. The Bank of Nanjing reported that its investment income was 167 million yuan in the first half, down 33.01% from its investment income of 249 million yuan in the same period last year. The first half of the bank's main investment in financial assets and long-term equity, including financial assets are divided into trading financial assets, available for sale of financial assets and hold to the maturity of financial assets, the three January-June earnings were 24.311 million yuan, 66.062 million yuan and 4.857 million yuan, respectively, decreased by 83.65 over the same period last year. %, growth of 12.75% and 58.73%.　　In addition, the bank's long-term equity investment in equity law accounted for 71.39 million yuan in the first half of the year, up 87.55% from a year earlier.　　The half-year paper shows that as of June 30 this year, Nanjing Bank held long-term equity investment projects, including Rizhao Bank Limited, Jiangsu Financial Leasing Co., Ltd., Wuhu Jin Sheng Rural Cooperative Bank, the shareholding ratio of 18%, 35%, 30.04% respectively.　　Also news of the Bank of Nanjing disclosed today, the bank agreed to the Jiangsu Provincial Salt Industry Group Limited Liability company to provide basic credit 100 million yuan, by Jiangsu Province Salt group Su-yan Real Estate Co., Ltd. to provide guarantee. Data show that the Jiangsu Salt Industry Group Limited Liability company registered capital of 800 million yuan, is a wholly state-owned company invested by Jiangsu Provincial People's government, mainly engaged in salt franchise, well mining salt and salt chemical production and management. As of June 30, 2010, the company holds 0.59% stake in Nanjing Bank, and its general manager Yan Zhonghua is a director of Nanjing Bank, which is affiliated with Nanjing Bank.