Shenzhen Daily: SZ bank sees net profits up 719%

Submitted by deverman on Fri, 03/12/2010 - 06:21.

Submitted by Cherry Ho on March 12, 2010 - 14:21

Shenzhen Daily has an article by Liu Minxia.
SHENZHEN Development Bank Co. said Thursday its net profit hit 5.03 billion yuan (US$737 million) last year, up 719 percent from 2008, thanks to lower provisions for bad loans and higher net interest and fee income.