TABLE-China's Shenzhen Dev Bank Q3 net rises 56 pct

Oct 24 (Reuters) - Quarter ended Sept. 30, 2008.

(in millions of yuan unless stated, against 2007 figures):

2008 2007

Turnover 3,626.15 vs 2,876.48

Net profit 1,173.16 vs 749.63

Earnings per share (yuan) 0.49 vs 0.35

Assets per share (yuan) 7.69 vs 5.67*

Company: Shenzhen Development Bank Co 000001.SZ, based in
Shenzhen, near Hong Kong, is nearly 18 percent owned by U.S.
private equity firm Newbridge Capital [NB.UL].

Note: The company published unaudited results, compiled under
domestic accounting standards, in a statement to the Shenzhen
stock exchange on Friday.

Shenzhen Development Bank said its capital adequacy ratio
rose to 8.84 percent at the end of the third quarter from 5.77
percent at the end of last year, while its bad-loan ratio fell to
4.28 percent from 5.64 percent over the same period.

Loans rose to 259.13 billion yuan ($37.91 billion) at the end
of the third quarter from 221.04 billion yuan at the end of last
year. Deposits rose to 348.38 billion yuan at the end of the
quarter from 281.28 billion yuan at the end of last year.

*Assets per share figure is from end-December 2007.
($1=6.835 Yuan)
(Reporting by Edmund Klamann in Shanghai; Editing by Ken Wills)