Pudong FA Bank net profit 9 billion

Pudong FA Bank (600000. SH) today announced the first half of the performance of the listed banks to become the finale of the semi-annual report.　　The steady expansion of deposit and loan scale, the significant increase in intermediary business income and the gradual increase of net interest rate are the "engines" of bank profits in the first half of the year. In the first half of the year, the net profit of Pudong development bank attributable to the shareholders of listed companies was 9.081 billion yuan, an increase of 2.3 billion yuan and an increase of 33.92%.　　The basic earnings per share was 0.79 yuan, an increase of 20.2% over a year earlier. The foreign currency loan-to-deposit ratio rose to the end of June, the total assets of Pudong Development Bank was 1.78 trillion yuan, up 9.77% from the end of last year. At the end of the first half of the year, the bank's foreign currency loan balance was 1.05 trillion yuan, an increase of 120 billion yuan and an increase of 13.11%.　　The total liabilities of the company amounted to 1.71 trillion yuan, of which the balance of foreign currency deposits was 1.44 trillion yuan, an increase of 150 billion yuan and an increase of 11.53%. Although the scale of deposit and loan growth is steady, but deposit growth is lower than the loan growth rate, which led to the higher foreign currency loan deposit of Pudong Development Bank increased at the end of last year.　　By the end of June, the yuan and foreign currency loan-to-deposit ratios of Pudong Bank were 73.06% and 65.15% respectively, with the renminbi lending in comparison to 71.6% per cent higher at the end of last year and 1.46% per cent in foreign currency loans, up from 56.27% at the end of last year. In addition, the first half of the Pudong bank continued to substantially increase the level of provision for non-performing loans.　　As at the end of the first half of the year, the reserve coverage of non-performing loans amounted to 302.26%, up 56.33% from the end of 2009, comparable to the annual increase in the provision coverage rate. Fees and commissions revenue rose by more than 55% in the first half, and the interest income of PU FA Bank is still "the main force". Thanks to the increase in loan business and the gradual pick-up in net spreads, the bank has achieved a net interest income of 20.37 billion yuan in the first half, a 34.5% increase over the same period last year.　　Net interest income accounts for 89.5% of total operating income.　　The first half, the loan business income of 25.66 billion yuan, an increase of 12.87%, accounting for 72.9% of operating income.　　In addition, the deposit-taking business was the focus of the Pudong Development Bank this year, with deposits growing by 5.8% per cent by May 2010.　　Intermediate business as the profit bright spot of Pudong Development Bank, the first half of the year, Fees and commission income growth, realize income 2.02 billion yuan, an increase of 55.24%, accounting for 5.73% of operating income.　　In the next two years, 30 billion of financial debt would be issued in addition to absorbing deposits, capital supplements or the "top priority" of the Pudong bank. Through endogenous capital replenishment, the core capital adequacy ratio rose to 7.01% from 6.9% at the end of last year, the semi-annual report showed.　　And as risky assets grew steadily, the capital adequacy ratio fell slightly from 10.34% at the end of the year to 10.24%. However, the Guangdong mobile investment in Pudong bank related matters had been approved by the SFC last week, Pudong Bank's capitalThe pressure will be slow to release.　　According to the Southwest Securities report, the Guangdong Mobile official stake in the Pudong bank, the short-term will be about 40 billion yuan in capital injection, the Pudong FA Bank's capital adequacy ratio in 2010 will remain around 10%. Pudong Bank also announced today that the Board of Directors has passed a resolution in the inter-bank bond market in 2010-2011 years to issue no more than 30 billion yuan in financial debt, bonds for 3 years and 5 years, the specific interest rate will be issued in accordance with the market environment and operating conditions to be determined.