Evergrowing Bank reports 13.9% rise in profits

BEIJING - The Evergrowing Bank, one of China's 12 national joint-stock commercial banks, said Sunday its profits surged 13.9 percent to 11.8 billion yuan ($1.86 billion) in the first three quarters this year.

The bank's total assets stood at 1.01 trillion yuan by the end of last month, up 19.2 percent in the first nine months, the bank said in a report.

Its outstanding deposits and loans surged 25.9 percent and 25.3 percent to 616.5 billion yuan and 293.5 billion yuan respectively by the end of September.