Shanghai Pudong Development Bank in the first three quarters of net profit rose

China's large-scale joint-stock banks - Shanghai Pudong Development Bank (600000.SS) weekend announcement, the first three quarters of this year net profit of 41.892 billion yuan, an increase of 2.97%; and plans to issue no more than 50 billion yuan convertible bonds for a period of six years.

As at the end of the reporting period, Shanghai Pudong Development Bank's non-performing loan ratio was 2.35%, up 0.46 percentage points from the end of last year. Non-performing loan reserve coverage was 134.58%, down 34.55% from the end of last year. In this regard, the company said that the credit business running smoothly, non-performing loan balance and non-performing loan ratio has increased, but the overall risk control.

On the other hand, the loan provision rate (loan ratio) of the bank at the end of the reporting period was 3.17%, down 0.02 percentage points from the end of last year. The capital adequacy ratio at the end of the period was 11.55% and 11.37% at the end of 2016.

From the first three or third quarter results released by Ping An Bank (000001.SZ), CCB (601939.SS) (0939.HK) and Bank of Communications (601328.SS) (3328.HK) earlier this month, Year-on-year increase in basic 5% or less.