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Shanghai Pudong Development Bank FY'15 net profit rises 7.6% YOY

ShanghaiPudong Development Bank Co. Ltd. on April 5 reported a 7.6%year-over-year gain in its full-year 2015 net profit attributable toshareholders.

Net profit attributable to shareholders rose to 50.60 billionyuan from 47.03 billion yuan in 2014. EPS also increased year over year to2.665 yuan from 2.521 yuan.

Net interest income totaled 113.01 billion yuan for 2015, upfrom 98.18 billion yuan in 2014, while net fee and commission income increasedyear over year to 27.80 billion yuan from 21.35 billion yuan.

The bank's nonperforming loan ratio clocked in at 1.56% asof Dec. 31, 2015, up from 1.06% as of Dec. 31, 2014.

Under the administrative measures for the capital ofcommercial banks, the group's core Tier 1 and Tier 1 capital adequacy ratiosstood at 8.56% and 9.45%, respectively, as of Dec. 31, 2015, compared to 8.61%and 9.13% as of the end of 2014. The group's capital adequacy ratio clocked inat 12.29% as of Dec. 31, 2015, up from 11.33% as of Dec. 31, 2014.

As of April 5, US$1was equivalent to 6.47 Chinese yuan.