China Everbright Bank (601818) posted a 34.93 percent year-on-year rise in first half 2011 net profit to 9.22 billion yuan, reports Securities Daily, citing a company filing. Revenue rose 32.44 percent to 22.93 billion yuan.

Net interest income rose 32.6 percent year-on-year to 18.88 billion yuan.

The bank reported a 0.13 percentage point year-on-year increase in return on assets (ROA) to 1.17 percent.

The annualized weighted return on equity (ROE) fell 75 percentage points year-on-year to 21.44 percent.

The bank listed on the A share market last August, and raised 21.32 billion yuan to boost its capital.

China Everbright Bank reported a 12.01 percent year-on-year increase in total assets to 1.66 trillion yuan, while total liabilities were up 12.33 percent to 1.58 trillion yuan.

The balance of its deposits increased 9.57 percent year-on-year to 1.16 trillion yuan, while its loan balance was up 9.19 percent year-on-year to 851.18 billion yuan. The deposit-loan ratio was 71.1 percent, meeting regulatory requirements.

The capital adequacy ratio fell 0.2 percentage point from end 2010 to 10.82 percent at the end of the first half, while core capital adequacy ratio was down 0.09 percentage point to 8.06 percent.

The balance of non-performing loans (NPL) was 5.71 billion yuan as of end June, down 118 million yuan from the end of 2010. During the same period, the NPL ratio fell 0.08 percentage point to 0.67 percent.

A source close to Everbright Bank said the bank is still monitoring the capital markets, and will list in Hong Kong at an appropriate time.

Shares of Everbright Bank were down 0.64 percent to trade at 3.11 yuan at 10:55 today.

Source:capitalvue