Bank of Changsha jumps 13.94 percent in net income


(MENAFN) China-based Bank of Changsha witnessed a solid performance in its net income in 2018 to register a jump by 13.94 percent compared to 2017.

In its yearly financial results, the Chinese commercial bank explained the surge to have been driven by an increase in shareholders which stood at USD667 million.

Revenues of the commercial bank also indicated a healthy performance with a boost by 15 percent last year.

Meanwhile the bank's overall assets recorded an 11.9 percent increase year-on-year while its non-performing loan ratio marked a 0.05 percent raise to reach 1.29 percent.

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