China's Industrial Bank increase profits by 36%

The net profits of China's Industrial Bank rose to 34.71 billion yuan in 2012.

This represents a 36.08 percent increase from 2011.

The lender, based in Fuzhou, reported 87.62 billion yuan in business revenues at the end of 2012, up 46.35 percent year on year.

Its total asset value hit 3.24 trillion last year, up 34.47 percent from the beginning of the year.

The bank's non-performing loan rate was 0.43 percent at the end of 2012, up 0.05 percent from the beginning of the year.

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