(China Daily)
Updated: 2007-07-19 09:02

Bank of Ningbo Co Ltd said its unaudited first-half profit rose 41 percent on increased loans to local companies. Net income rose to 382.8 million yuan, or 0.19 yuan a share, in the six months from last year's 271.6 million yuan, or 0.15 yuan a share.

The bank raised 4.14 billion yuan from a 450-million share initial public offering last week and its listing on Shenzhen Stock Exchange begins today.