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Harbin Bank reports 15 percent growth in profits

Updated : 2016-08-16

By Wang Wei ( chinadaily.com.cn )

The profits of Harbin Bank grew 15 percent in the first half of 2016, according to a report by the bank on Aug 16.

The report said that the bank made a profit of 2.4 billion yuan ($813.62 million), and net interest revenue grew by 22 percent to 5.4 billion yuan.

The net profits from handling charges, as well as commission fees, increased by 33.5 percent year-on-year, according to the report.

By the end of July, the net interest margin of Harbin Bank was 2.68 percent, the same as the previous year. However, the non-performing loan ratio was 1.54 percent, up from 1.4 percent by the end of last December.

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