Feb 07 - Seven Listed Banks Estimate Net Profit Growth Over 35% in 2011

Source: Yicai, ChinaScope Financial (Data)

+       Seven listed banks have released estimates on their 2011 performance, all reporting net profit growth over 35%.

+       Shenzhen Development Bank Co., Ltd. (SZSE: 000001), which has been renamed Ping An Bank, estimated its net profit in 2011 to be CNY 10-10.6 billion, a 60%-70% year-on-year increase.

+       China Minsheng Banking Co., Ltd. (SSE: 600016; HKEX: 1988) and Hua Xia Bank Co., Ltd. (SSE: 600015) both estimated a 50% year-on-year growth for last year’s net profit.

+       Related Companies: Shenzhen Development Bank (SZSE: 000001) , China Minsheng Banking (SSE: 600016), Hua Xia Bank (SSE: 600015) , Shanghai Pudong Development Bank (SSE: 600000), China Everbright Bank (SSE: 601818), Industrial Bank (SSE: 601166) , Bank of Nanjing (SSE: 601009)  

Banks estimate higher profits in 2011

Trading comparable

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n Seven Listed Banks Estimate Net Profit Growth Over 35% in 2011

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