Bank of China (BOC), the nation's third-largest lender by assets, said on Thursday that its net profit in 2011 gained 18.93 year-on-year to reach 130.32 billion yuan ($20.7 billion) due to higher net income margins and fee income.
Industrial and Commercial Bank of China Ltd became the most profitable commercial lender in China last year while reporting a record low ratio for non-performing loans.
China Merchants Bank Co said its net profit in 2011 surged 40.2 percent year-on-year to reach $5.74 billion thanks to rapid growth in interest margins and fee income.
Huaxia Bank announced Tuesday its net profits surged 53.97 percent year-on-year to reach 9.22 billion yuan ($1.46 billion) in 2011.
China Construction Bank Corp, the world's second-largest lender by market value, posted a 24 percent increase in fourth-quarter profit after higher lending and fee income outweighed provisions set aside for bad debt.
China Construction Bank (CCB), the nation's second-largest lender by market value, announced on Sunday that its net profit in 2011 jumped 25.48 percent year-on-year due to a rebounding net income margin.
China Minsheng Banking Corp Ltd announced Thursday that its net profits surged 58.8 percent to 27.92 billion yuan ($4.4 billion) in 2011 amid an optimized revenue structure and improved efficiency.
Shanghai Pudong Development Bank, a mid-sized lender, said Friday that its earnings jumped 42.28 percent year-on-year due to rising net interest incomes and commissions as well as lower operation costs.
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