Fujian-based Industrial Bank reported a 75% year-on-year rise in pretax profit to RMB 1.62 billion in 2003.
Its non-performing loan ratio fell 1.08 percentage points within the 12-month period to 2.39%.
Industrial Bank, formerly known as Fujian Industrial Bank, is 34% owned by the Fujian provincial government and 15.98% owned by Hang Seng Bank, a unit of HSBC Holdings.
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