Shanghai Huarui Bank (SHRB), the first private bank in east China's Shanghai, announced on Tuesday that its net profits reached 18.81 million yuan by the end of August since the trial operation started on February 16.
SHRB's total assets stood at 12.863 billion yuan as of the end of August, with deposits reaching 3.568 billion yuan. The bank was established in January at the Shanghai Free Trade Zone with a registered capital of 3 billion yuan.
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