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Chinese Banks Profit up 30.6% in 2008
[2009-02-27 16:55:59]
China's banking industry reported 583.4 billion yuan (85.79 billion U.S. dollars) of after-tax profit in 2008, up 30.6 percent, said China Banking Regulatory Commission (CBRC) Thursday.
CBRC chairman Liu Mingkang released the figure at a press conference on Chinese banks' measures against the financial crisis.
According to a report on CBRC website, the after-tax profit for2007 stood at 446.7 billion yuan, while the pre-tax profit for 2006 was 337.9 billion yuan.
"The impact on China'a banking system is limited and the risks are under control," said Liu.
Source:Xinhua
CBRC chairman Liu Mingkang released the figure at a press conference on Chinese banks' measures against the financial crisis.
According to a report on CBRC website, the after-tax profit for2007 stood at 446.7 billion yuan, while the pre-tax profit for 2006 was 337.9 billion yuan.
"The impact on China'a banking system is limited and the risks are under control," said Liu.
Source:Xinhua
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