Harbin Bank reports 15 percent growth in profits
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.
The Tonghe government spends one million yuan on cultural and sports activities every year to improve the living standard of Tonghe residents.
At the second plenary session of the fourth session of the 14th Harbin People’s Congress, delegates offered advice and suggestion for the city’s development and people’s livelihood.
The city of Harbin, Heilongjiang province announced on a video-conference on educational reforms, in Harbin on Feb 2, that it plans to combine the educational resources in its various districts to give students more choices.
A total of 1,356 officials in Harbin received punishment for violating rules in 2014, according to a press briefing held by Harbin Municipal Party Commission of Discipline Inspection and the city’s Bureau of Supervision on Jan 29.