China Everbright Bank, a medium-sized lender, reported its net profit in the first half of 2014 rose 6.25% year on year to 15.87 billion yuan (2.60 billion U.S. dollars).
Its non-performing loan ratio, however, edged up to 1.11% at the end of June, up 0.25% percentage points from that at the end of last year, the lender said in a statement filed to the Shanghai Stock Exchange, China’s News Agency (Xinhua) reported.
In the first half, Everbright’s business revenue hit 37.46 billion yuan, up 10.89% year on year. Its net interest income went up 1.78 billion yuan or 6.85% year on year, while non-interest income jumped 24.51% year on year.
At the end of June, the lender’s total assets hit 2.67 trillion yuan.