China Everbright Bank, the banking unit of state-owned China Everbright Group, recorded a net profit of RMB 7.6 billion last year, slightly down from RMB 7.7 billion in 2008, said Tang Shuangning, chairman of China Everbright Group.

The bank's net profit plunged 47% year on year to RMB 3.43 billion in the first half of last year, due to the negative effect of the global financial crisis.

By the end of last year, the lender's total assets were RMB 1.2 trillion, and its non-performing loan ratio was down to 1.25%.

China Everbright Bank, which is planning to launch an A-share listing, had a provision coverage ratio of 195% and a capital adequacy ratio of more than 10% at the end of last year.

China Everbright Group earned a combined RMB 20.8 billion in pre-tax profit last year, said Tang.