On August 11，SPDB held press conference at head office to release the interim results. A dozen of finanical media attended the meeting, including Oriental Morning Daily, Morning News, First Financial Daily, China Securities Daily, Shanghai Securities News, Securities Times, International Financial Daily, First Finance(TV),Reuters Bloomberg and so on. The Bank’s spokesman, Corporate Secretary, Mr. SHEN Si and PR General Manager Ms. GAO Xia attended the meeting and answered questions from the media.

According to the interim results, the bank performs quite well despite the increasing fierce market competition  thanks to the employees at all levels. The bank focused on operation efficiency, accelerated innovation, implemented internal control, steadily pushed forward reform and made better business achievements in all business operation and management.

By the end of June, 2006, major business indicators of the bank are as follows:

Principal operation income amounted to RMB 13.933 billion. Profit before tax reached RMB 2.634 billion, RMB 681Million or 34.87% increase of the same period last year, Profit after-tax totaled RMB 1.599 billion, an 30.83% increase on a year-on-year basis. Earnings per share was RMB 0.41. Net assets per share was 4.36, and return on equity reached 9.37%。

Total asset reached RMB 630.232 billion, up RMB 56.71billion or 9.89% from the beginning of this year.

According to the criteria of five-category classification of loans, the outstanding loans of the latter 3 catergories stood at RMB 7.837 billion. NPL ratio was1.82%, down by 0.15% from the end of last year. Provision for various loans amounted to RMB 12.366 billion and provision coverage ratio for loan reached 157.78%.

During first half year, SPDB opened another 3 new branches (Nanning, Urumchi and Changchun) and also upgraded Wen Zhou sub-branches to branch. Up to now, SPDB has set up 362 outlets in 43 cities, including 28 branches (including 1 wholly-subsidiary branch).