Bank of SDH fiber optical multiplexer Beijing mulls Taiwan branch
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Bank of Beijing mulls Taiwan branchPublished: 27 Oct 2009 20:38:51 PST

More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market Oct. 28, 2009 (China Knowledge) - Bank of Beijing Co Ltd<601169>, China's largest city commercial bank by assets, is considering setting up a branch in Taiwan, the Wall Street Journal reported, citing the bank's president Yan Xiaoyan as saying.

The mainland lender will dispatch a group of executives to the island at the end of October, studying the local market conditions and financial regulations, said Yan without disclosing the timetable on the plan.

Bank of Beijing's net profit climbed 0.75% year on year to RMB 2.92 billion in the first half of this year. Basic earnings per share were RMB 0.47. The lender's gross profit in the first six months was RMB 3.73 billion, up 1.04% from a year earlier, according to an earlier report from China Knowledge.

Shares of Bank of Beijing fell 1.26% to close at RMB 18.02 on Tuesday.



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