Money

Everbright Bank's profit to rise 50% in 2010

(Agencies)
Updated: 2010-10-22 10:04
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China Everbright Bank is likely to report an earnings increase of at least 50 percent year-on-year for the full year of 2010, Reuters reported on Friday, citing the Shanghai Securities.

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Li Jie, the mid-sized lender's vice president, said full year earnings in 2010 is likely to exceed 12 billion yuan ($1.80 billion).

The mid-sized bank started trading on the Shanghai Stock Exchange Aug 18 after completing China's second-biggest IPO so far this year.