BEIJING, Jan. 10 (Xinhua) -- The net profits of China's Industrial Bank, a mid-sized lender, rose 36.08 percent in 2012 to 34.71 billion yuan (5.5 billion U.S. dollars), according to the bank on Thursday.
The lender, based in Fuzhou, capital of southeast China's Fujian province, reported 87.62 billion yuan in business revenues at the end of 2012, up 46.35 percent year on year.
Its total asset value hit 3.24 trillion last year, up 34.47 percent from the beginning of the year.
The bank's non-performing loan rate was 0.43 percent at the end of 2012, up 0.05 percent from the beginning of the year. Its non-performing provision coverage ratio topped 466 percent at the end of 2012, up 81 percentage points from the beginning of the year.
Three banks have issued performance reports for 2012 thus far.
Shanghai Pudong Development Bank's net profits stood at 34.16 billion yuan in 2012, up 25.2 percent year on year. China Everbright Bank's net profits reached 23.62 billion yuan in 2012, up 30.74 percent year on year.
Shares of the Industrial Bank closed at 16.73 yuan per share on the Shanghai Stock Exchange on Thursday, down 0.36 percent from Wednesday.
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