Diamonds are nice, and so are pearls, but nothing compares to good looking girls Your position:Home->china news-> Shenzhen Development Bank Sees Net Profits Up in 2006 Shenzhen Development Bank (SDB) reported its net profits up 319 percent to reach 1.3 billion yuan (US$167 million) last year, and the net earnings per share was 0.67 yuan, sources from the bank said Thursday. By the end of 2006, the total deposits of the bank reached 232.2 billion yuan, up 15 percent over the end of 2005, while its loans hit 182.2 billion yuan, up 17 percent. The SDB largely attributed its soaring growth to the "improved interest spread, more efficient use of funds and healthy loan growth." In addition, the bank scored a "lower credit provision charge and reduction in the effective tax rate." In 2006, the bank focused its business on offering loans to small and medium-sized enterprises, the sources said. As the first joint-stock company listed on the Shenzhen Stock Exchange, the SDB's assets reached 246 billion yuan as of last September. (Xinhua News Agency March 22, 2007) Contact Us-------------------------------------ddpcn.com * Required information Full Name: * Your Email: * Message:* Preview:Economist: Olympic Econ      Next:Zinc to Debut on Future Tencent Weathers Virtual Clampdown More Mobile Phone Users than Fixed Line Users Anti-dumping Duties Imposed on Imported BPA Intel Expected to Announce Decision on China Chip Plant Zinc to Debut on Futures Exchange Next Monday Economist: Olympic Economic Bubble Unlikely Tianjin to Receive Foreign Funds for Property Rights Market NDRC Mulls Allowing Private Companies to Enter Oil Sector Changes to Energy Conservation Law by Year End Investment Shows Signs of Recovery