Bank of Jinzhou says net profit rose 163.8%

China Daily (USA) - - BUSINESS -

Bank of Jinzhou Co, the new­lyHong Kong listed lender an­nounced that its net profit rose 163.8 per­cent and reached 3.798 bil­lion yuan (US$569 mil­lion) in the first half year com­pared with a year ago. The Liaon­ing­based bank said the strong profit gains came from the widen­ing spread and steady in­creas­ing in­ter­est-earn­ing assets. This big growth came as Liaon­ing province saw­its econ­omy shrink by 1 per­cent from the same pe­riod of last year, the only province to report a con­trac­tion in the first six months.

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