China's Industrial Bank Co Ltd, a Fujian-based bank partly owned by HSBC Holdings Plc<HBC>, announced Saturday that its net profit increased 16.17% year on year to RMB 3.35 billion in the third quarter of this year.

The bank's net profit in the first three quarters was RMB 9.57 billion, up 4.83% from a year earlier. Basic earnings per share were RMB 1.91, according to the lender's third-quarter results.

In the first nine months, Industrial Bank realized RMB 21.96 billion in operating income, 1.41% less than in the corresponding period of last year.

In the same period, the bank issued RMB 141.65 billion in new loans and attracted RMB 195.33 billion in deposits.

In the first nine months, the lender's capital adequacy ratio fell 0.61 percentage points from the beginning of this year to 10.63%, and its core capital adequacy ratio decreased 1.44 percentage points to 7.5%.

Industrial Bank in early September successfully issued RMB 10 billion in subordinated bonds to boost its capital base.

Shares of Industrial Bank rose 3.06% to RMB 38.42 in the morning session today.