Thursday, July 19, 2007

Shanghai Pudong Bank Says First-Half Profit May Rise More Than 50 Percent

(Bloomberg) -- Shanghai Pudong Development Bank Co.,
the Chinese partner of Citigroup Inc., said its first-half profit
probably rose more than 50 percent because of increasing loans
and fees from financial services.

Shares in Pudong Development Bank surged 4.6 percent to
39.10 yuan at 10:37 a.m. in Shanghai. The bank didn't give the
size of its profit in its statement to the Shanghai Stock
Exchange today.


Read more at Bloomberg Emerging Markets News

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