30 May 2012 - Chinese small-size lender Bank of Chengdu has submitted an application to list on the bourse in Shanghai, various media reported on Wednesday.
Bank of Chengdu saw its net profit jump 48% in annual terms to CNY2.
Bank of Chengdu
Company, a city commercial bank in China's Sichuan province, has applied for a listing of its shares on the Shanghai Stock Exchange's A-share market, Dow Jones has reported, citing the Star.
The bank said that the increase in profit was due to higher net interest income and higher share of profit from Bank of Chengdu
PK), Bank of Chengdu
Co, Hong Leong Bank Berhad of Malaysia and Czech Republic's PPF Group, the banking regulator said.
SS) and Bank of Chengdu
are the promoters of the three pilot consumer financing companies, which are expected to offer personal loans to finance purchases of durables without taking deposits, the report said citing unnamed sources from the financial service authority of Pudong New Area, Shanghai.