China's SPD Bank net profit up 2.18% in 2017

SHANGHAI - Shanghai Pudong Development (SPD) Bank said its net profit for 2017 rose 2.18 percent year-on-year to nearly 54.26 billion yuan ($8.56 billion).

Revenue climbed 4.88 percent to 168.62 billion yuan last year, the bank said in its annual report released Friday night.

Its total assets amounted to 6.14 trillion yuan at the end of 2017, up 4.78 percent from the end of 2016.

Meanwhile, its non-performing loan ratio by March saw a decrease of 0.01 percentage points from the end of 2017.