Huaxia Bank Annual Report 2008 displays that the realization of interest earnings 13.492 billion yuan, an boost of 20%; snare earnings of 3.071 billion yuan, an boost of 46.15%, 0.7 yuan per share. Non-performing rate of 1.82 per hundred at the end than the mid-2008 proceeded to down turn 24 cornerstone points.

Provision considerably the fourth quarter of 2008 in order that the genuine decrease

Growth in 2008 the financial gathering structure, effectual duty rate of wages duty elements that augmented to the descent in the fraction of 89%; interest elements in non-interest wages and mesh wages arrived at a stage of 39% and 12%; as a effect of the cost of provision and advance the addition rate to the recital of — -28.54% and 34.77%.

Income levy rate is the major cause for the presentation of considerable development, interest earnings development than the 07, only 20%.

Since the mid-2008 the financial gathering set digression only 126 out of 100 reporting, which is worse than the midpoint stage of joint-stock banks, the financial gathering in the third and fourth quarter provision to advance the rate provision, the allotment of new advances set digression 2.505 billion yuan, accounting for 08 assets in the second half of the fraction of impairment deficits of 90%, effecting in a mesh yield of the real forfeit of the fourth quarter.

Company loans in 2008, Central than the fourth quarter increased by 3.12%, so that the annual growth rate of only 15.78 percent of loans, which is lower than in 2007 and 17.63% of the level of other joint-stock banks.

As the fourth quarter of the company’s loan growth has not significantly increased, with the narrowing of spreads in space, so that interest on the fourth quarter and year-on-year net income fell more than Central.

08 the end of the company’s midpoint interest rate of 7% over the mid-2008 descent of 17 foundation points; one long-term lending rate by 6.8%, down 46 foundation points, a greater decrease. (08 end of the year as a effect of short-term tools embraced in the discount lending rate, with the mid-2008 caliber inconsistent written knowledge, it is arduous to compare).

Decline in borrowing value in the second half 08

08 financial gatherings over the end of horrid advances carried on to descent in mid-2008 a 24 foundation points to 1.82, a greater diminish, a diminish of the undesirable balance of close to 390 million yuan.

08 the second half of the loan provision in substantially the same time provision for an increase of efforts to write off non-performing loans, new loans to write off 1.35 billion, so the whole year to write off non-performing loans amounted to 2.054 billion yuan, the amount written off over 07 in an increase of 37%.

08 the end of the year, the financial gathering gave advances up to 151 out of 100 reporting to arrive at the prerequisites of regulatory authorities; the worth of provision for the advance in the fraction of portfolio provision in the second half of 2008 went up to 37.83 out of 100 from 55.97 out of 100, but still to some extent worse than the complete stage of the banking industry.

In 2008, the business of non-performing borrowings rate of all parts of the public more than the mean ratio of non-performing borrowings (1.94%) are mostly agriculture, forestry, animal husbandry and fishery 6.49 per hundred, to assist the localized inhabitants and 6.37 per hundred other services, data transmission, computer services and programs commerce, 5.52 per hundred, the Housing 3.68% genuine land parcel, leasing and enterprise services part, 3.65%, 3.39% wholesale and retail deals, learning 3.04%. As a outcome of the wholesale and retail trade, leasing and enterprise services, genuine land parcel borrowings accounted for on the high percentage of 14.21%, respectively, 6.74% and 6.5%, it is the major source of non-performing loans.

The percentage of time down payments expanded considerably increase in the cost of its liabilities

The mean balance of down payments in the business, the higher the percentage of time down payments, the mean balance of time down payments in 2008 expanded somewhat to 67.28 per hundred, up 0.36 percentage points.

A normal cornerstone in 2008 and savings businesses, respectively, time deposit rates over the intermediate period in 2008 expanded by 13 and 24 cornerstone points increase quickly, more than demand reduction.

Fee and assignment wages carried on to develop

Due to the slow development of intermediary enterprise, the end of the Buy cheap Cialis Online year 2008 the business accomplished snare earnings of charges and charges 822 million yuan, an boost of 82%; the percentage of incomes accounted for only 4.67% higher than in 2007 expanded by 1.51 percentage points, the percentage of the low. Intermediary enterprise because of the smaller groundwork, the worsening in capital markets and other components sway the lesser, somewhat steady growth.

Although 08 non-performing rate of the second half of the financial gathering carried on to descent and poor balance, but to draft off horrid advances, taking into account the elements, the real get higher of non-performing loans; the financial gathering noteworthy time bank deposits and demand bank deposits than slow expansion, with the fraction of high interest cost of high, in order that mesh interest margin is still low; better is the financial gathering set digression 150 out of 100 reporting stage, aggregated to make provision for advanced provision of higher worth coverage; financing capital adequacy ratio, after getting higher lending space larger.

Combination of these factors, the Yangtze River is expected to securities companies EPS0.79 million in 2009, the risk of future growth is difficult to raise loans, high interest costs, as well as additional non-performing larger amount of pressure on companies to be neutral rating.