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ECONOMY
THIS WEEK> THIS WEEK NO. 3, 2014> ECONOMY
UPDATED: January 13, 2014 NO. 3 JANUARY 16, 2014
Soaring Profits
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Shanghai Pudong Development Bank's net profits reached nearly 41 billion yuan ($6.7 billion) in 2013, up 19.8 percent year on year.

Earnings per share stood at 2.195 yuan ($0.165), up 19.8 percent from a year ago. Operating revenue stood at just over 100 billion yuan ($16.5 billion), up 20.6 percent year on year.

The lender's total assets reached 3.68 trillion yuan ($607 billion), up 17 percent from a year earlier. Its total liabilities stood at 3.47 trillion yuan ($572 billion), up 17.1 percent from a year ago. The non-performing loans ratio reached 0.74 percent, 0.16 percentage points higher than that at the end of 2012.

Its outstanding deposits had totaled 2.42 trillion yuan ($399 billion) by the end of 2013, up 13.41 percent from a year earlier. Outstanding loans reached 1.77 trillion yuan ($292 billion), up 14.37 percent from the end of 2012.



 
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