Bank of Jinzhou says net profit rose 163.8%

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.