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Chong Hing Bank posts 26.42% net profit increase in 2006
click rate:2993 issue time:2007-03-10 08:12

Mar. 7, 2007 (China Knowledge) – Chong Hing Bank Ltd. <1111>, formerly known as Liu Chong Hing Bank Ltd., Wednesday announced a net profit increase of 26.42% for the fiscal 2006.

The bank, which offers a wide range of retail and wholesale financial banking products in HK$ and foreign denominations, said that deposits increased by 31% to HK$54.68 billion while loans increased by 11.1% to HK$27 billion.

The latest earnings result has also given a boost to Chong Hing Bank’s capital adequacy ratio, which rose by 2.63% to 15.59% as at the end of 2006.