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Bank of Hangzhou's H1 Profit Rises 10%, Revenue Climbs 5%

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Bank of Hangzhou's (SHA:600926) net profit attributable to shareholders in the first half rose 9.9% to 12.8 billion yuan from 11.7 billion yuan a year earlier, according to a Thursday disclosure on the Shanghai bourse.

Earnings per share climbed 9.7% year on year to 1.70 yuan from 1.55 yuan.

Operating revenue increased 4.8% to 21 billion yuan from 20.1 billion yuan in the previous year.

The lender proposed to distribute a cash dividend of 0.46 yuan per share to shareholders.

The company's shares fell 2% during the morning trade.

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