[R]12:30AM New York - Bank of China Ltd net profit jumped 43%. Bank of Communications Ltd net income jumped 81%. Industrial Bank Co., Ltd activities of the deposits taking, provision of loans net profit jumped 79.65%.[/R]

Chinese banks have reported between 43% and 160% rise in the first half profit as loan portfolios expand in the country. The rapid economic growth has kept the demand for loans from consumers and businesses are high. The banks in the recent past have improved their Tier 1 capital ratios as non-performing loans have declined.

The loan growth is expected to slow down in the second half of this year as economy cools and retail sales growth declines as China keeps tighter monetary policy to control inflation.

While most American and European large banks are struggling with mortgage and leveraged loans losses that have now reached $504 billion according to a 123jump.com research, Chinese banks have been immune to the loan losses linked to the real estate in the U.S. So far, less than $2 billion loan losses are declared by banks in China.

Below is the summary of earnings in the first half for nine of the largest banks in China.

Bank of China Ltd, the nation''s second-largest lender said first-half net profit jumped 43% to Rmb 42.18 billion or Rmb17 per basic share compared to net profit of Rmb 29.54 billion or Rmb12 per basic share, a year earlier.
Bank of China Ltd in the last one year traded as high as Rmb 7.58 in November 2007 and as low as Rmb 3.40 in August 2008. Based on the yesterday’s closing price the company has a market cap of Rmb 906.21 billion.

Bank of Communications Ltd, China''s fourth-largest publicly traded bank said first-half net income in the quarter jumped 81% to Rmb 15.5 billion or Rmb 32 per basic share compared to net income of Rmb 8.6 billion or Rmb18 per basic share, a year earlier.

Bank of Communications Ltd in the last one year traded as high as Rmb 17.08 in October 2007 and as low as Rmb 7.03 in August 2008. Based on the yesterday’s closing price the company has a market cap of Rmb355.21 billion.

China Construction Bank Corp, a provider of corporate and personal banking services said first-half net income in the quarter jumped 71.34% to Rmb 58.69 billion or Rmb 25 per basic share compared to net income of Rmb 34.25 billion or Rmb15 per basic share, a year earlier.

China Construction Bank Corp in the last one year traded as high as Rmb 11.58 in November 2007 and as low as Rmb 5.02 in August 2008. Based on the yesterday’s closing price the company has a market cap of Rmb1.21 trillion.

Industrial and Commercial Bank of China Limited, a diversified banking and financial services company said first-half net income in the quarter jumped 56.75% to Rmb 64.5 billion or Rmb 19 per basic share.

Industrial and Commercial Bank of China Limited in the last one year traded as high as Rmb 9.00 in November 2007 and as low as Rmb 4.50 in August 2008. Based on the yesterday’s closing price the company has a market cap of Rmb1.57 trillion.

China CITIC Bank Corporation Limited, the listed banking unit of the nation''s largest investment enterprise said first-half net profit in the quarter jumped 162.6% to Rmb 8.42 billion or Rmb 22 per basic share compared to net profit of Rmb 3.21 billion or Rmb 9 per basic share, a year earlier.

China CITIC Bank Corporation Limited in the last one year traded as high as Rmb 12.45 in September 2007 and as low as Rmb 4.90 in August 2008. Based on the yesterday’s closing price the company has a market cap of Rmb 209.22 billion.

China Merchants Bank Co., Ltd, provides deposits taking, clearing and other related services said first-half net profit in the quarter jumped 116% to Rmb 13.25 billion or Rmb 90 per basic share compared to net profit of Rmb 6.12 billion or Rmb 42 per basic share, a year earlier.

China Merchants Bank Co., Ltd in the last one year traded as high as Rmb 46.33 in October 2007 and as low as Rmb 20.02 in July 2008. Based on the yesterday’s closing price the company has a market cap of Rmb 307.09 billion.

Industrial Bank Co., Ltd, activities of the company include deposits taking, provision of loans said first-half net profit in the quarter jumped 79.65% to Rmb 6.544 billion or Rmb 1.31 per basic share.

Industrial Bank Co., Ltd in the last one year traded as high as Rmb 70.50 in October 2007 and as low as Rmb 20.10 in September 2008. Based on the yesterday’s closing price the company has a market cap of Rmb 101.10 billion.

Shanghai Pudong Development Bank Co., Ltd, a second-tier Chinese lender said first-half net profit in the quarter jumped 149.62% to Rmb 6.38 billion or Rmb 1.126 per basic share compared to Rmb 0.451 per basic share, a year earlier.