Pudong Development Bank earnings growth of 45% in three years will be issued 50 billion

NetEase Finance March 29, Pudong Development Bank announced the 2010 Annual report, the reporting period, the company achieved net profit of 19.177 billion yuan, an increase of 45.1%, the basic income per share of 1.604 yuan.　　The company sends cash dividends of 1.6 RMB (including tax) per 10 shares to all shareholders, and dispatches 3 shares of Red shares. The annual report shows that the Pudong bank realized 49.855 billion of its operating income last year, which is mainly net interest income, accounting for 90.7% of total operating income.　　The net interest income of the Pudong Development Bank in 2010 was 45.203 billion, which grew 34.9% from the previous year, and the fees and commissions net income of 4.048 billion yuan, up 83.6% from the previous year.　　The company said that in the past year, the central bank repeatedly raised the benchmark interest rate of RMB deposit and lending in the financial institutions, and in the case of interest rate hikes and credit scale control, the bank's bargaining power has increased, which is conducive to the increase of bank net interest margin and the steady growth of profit level.　　At the end of last year, the total assets of Pudong Development Bank were 2.1914 trillion, which grew by 35%, net assets amounted to 123.3 billion, grew by 81.1%, total deposits 1.6386 trillion, and 26.5% increased, while the growth of fixed-term deposits was the most obvious, at a growth rate of 36.3%. In 2010, the total loans issued by Pudong Development Bank amounted to 1.1464 trillion, up 23.4% from the previous year, with non-performing loans remaining 5.88 billion, down 1.58 billion from the previous year, of which the subprime loans were 2.17 billion, suspicious type loans 2.09 billion, and loss type loans 1.61 billion.　　The total non-performing loan rate was 0.51%, down 0.3% from the previous year.　　During the reporting period, the Bank raised its core capital adequacy ratio from 6.9% in the end of last year to 9.37% by financing China Mobile's non-public offering of shares of $39.4 billion, and the capital adequacy ratio rose from 10.34% to 12.02% in the end.　　In addition, the Board of Directors of Pudong FA Bank, the Board of Supervisors also considered the adoption of the bank issue of subordinated Debt plan, to be implemented from 2011 to 2013 to implement a secondary bond issuance programme to supplement the subsidiary capital, to issue more than 5 years, not more than RMB 50 billion sub-bonds, the bond rate will be based on market interest rates, and the distribution of the way In the two-tier market, PU FA Bank fell back today, closed to 13.62 yuan, Rose 1.34%. Responsible Editor: NF042