Bank of Nanjing net profits up 14.5 pct in 2018
Take me away, mom Animals on the Road	“Water Margin” on eggs Cat the occupier Adorable animals pose like stars Cuddle up together, battling against blizzard Sunshine in the life

 

Bank of Nanjing Co., Ltd., a Chinese city commercial bank, posted Wednesday a 14.5 percent annual growth in 2018 net profits as it continued to optimize its business structure and rein in risks.

Its net income attributable to shareholders reached 11 billion yuan (1.64 billion U.S. dollars) last year, according to the bank's unaudited preliminary financial results for 2018 filed to the Shanghai Stock Exchange.

The lender, headquartered in Nanjing, capital of eastern China's Jiangsu Province, generated a revenue of 27.4 billion yuan last year, up 10.3 percent year on year.

Its total assets reached 1.24 trillion yuan by the end of 2018, an annual increase of 8.34 percent.

Shares of Bank of Nanjing opened 3.23 percent higher at 7.98 yuan Wednesday in Shanghai.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan