Bank of Shanghai total assets to top 200 billion yuan
28/2/2003 16:31
The Bank of Shanghai is expected to have total assets of 210 billion yuan
(US$25.3 billion) this year, with yuan saving and loan balances reaching 180
billion yuan and 90 billion yuan respectively, eastday.com reported
today.
Pre-tax profits of the bank are predicted to be 1.2 billion yuan
this year.
Bank of Shanghai plans to extend more loans to support the
city's new industrial system and information infrastructure construction this
year.
The bank will also aid the development of small and mid-size
companies and offer more new financial products, establishing a bank-card
development system this year.
Bank of Shanghai will strengthen
cooperation with its affiliates in Hong Kong and Taiwan and the Hong Kong and
Shanghai Banking Corporation (HSBC) in credit card and data center
administration this year.
Wendy Zhang/ Shanghai Daily news
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