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China Everbright Bank sees 1.05% YOY rise for Q1 net profit

ChinaEverbright Bank Co. Ltd. said first-quarter net profit attributableto the shareholders of the bank rose 1.05% year over year to 8.45 billion yuanfrom 8.36 billion yuan.

EPS for the quarter ended March 31 remained at 18 fen fromthe prior-year period.

The company's operating income totaled 23.57 billion yuan,up from 22.29 billion yuan in the prior-year period. Operating expensesincreased to 7.64 billion yuan from 7.28 billion yuan in the year-ago quarter.

The bank's net interest income increased to 16.42 billionyuan from 15.57 billion yuan for the quarter ended March 31, 2015.

As of March 31, China Everbright Bank's Tier 1 capitaladequacy ratio stood at 9.95%, down from 10.15% as of Dec. 31, 2015. Thecapital adequacy ratio slid to 11.61% from 11.87% in the previous quarter,based on the Capital Rules for Commercial Banks (Provisional).

As of April 29, US$1was equivalent to 6.48 Chinese yuan.