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Chinese banking profit up 30.6% in '08

(Xinhua)
Updated: 2009-02-26 18:56

BEIJING -- China's banking industry reported 583.4 billion yuan (US$85.79 billion) of after-tax profit in 2008, up 30.6 percent, said China Banking Regulatory Commission (CBRC) Thursday.

In this April 10, 2008 file photo, a bank clerk counts Chinese currency notes in Shenyang, in northeast China's Liaoning province. [Agencies]

CBRC chairman Liu Mingkang released the figure at a press conference on Chinese banks' measures against the financial crisis.

According to a report on CBRC website, the after-tax profit for 2007 stood at 446.7 billion yuan, while the pre-tax profit for 2006 was 337.9 billion yuan.

"The impact on China'a banking system is limited  and the risks are under control," said Liu.