China's joint-stock commercial lender Shenzhen Development Bank Co., Ltd. (SDB; SZSE: 000001) reaped net profits of CNY 3.317 billion in the first three quarters of this year, with a 77% soar year on year, and earnings per share (EPS) surged 58% to CNY 1.42.
As of September 30, 2008, total outstanding deposits and loans had separately hiked 23.86% and 17.23% from early this year to CNY 348.38 billion and CNY 259.13 billion or so, and the firm had achieved capital adequacy ratio (CAR) and core CAR of 8.84% and 6.48%, respectively.
SDB separately gained net profits and EPS of CNY 11.73 million and CNY 0.49 from July to September, boosting 56.5% and 36.11% from a year earlier, but its return on equity (ROE) slipped 2.58 percentage points to 6.38%.
In the third quarter of 2007, net profits of the Shenzhen-listed lender jumped 27% from the prior month, but the growth for last quarter did not hit 3%.