China Everbright 2010 net profit up 65%

China Everbright Bank reported a 65.88 percent year-on-year increase in net profit to US$1.9 billion in 2010.

China Everbright Bank’s 2010 earnings per share climbed 38.46 percent year-on-year to US$0.0547 and the net asset value per share was US$0.3053, up 39.58 per cent year-on-year.

The non-performing loan ratio was 0.75 per cent at the end of 2010, declining 0.5 percentage from 2009, while the NPL provision coverage ratio was 313.38 per cent, up 119.39 percent from 2009.