Apparel industry boom is still involved in the banking sector surging by JuneYao Group and Smith Barney initiated Shanghai first private bank "RAE Bank" now has a new dynamic.

Recently, Smith Barney announced, the Board of Directors to determine the bank's registered capital RAE 30 billion, the proportion of Smith Barney is still 15% stake, amounted to 450 million yuan to be invested.

The announcement about the bank's registered capital RAE published in November compared with a registered capital of 3.5 billion yuan decrease of 14.2%. Smith Barney proportion remained 15% stake, intends to reduce 075 million yuan contribution than previously announced. According to Smith Barney three quarterly, Smith Barney reporting period, operating income of 1.7 billion yuan, down 16.02 percent over the same period last year, net profit attributable to shareholders of listed companies 047 million yuan, 70.57% decrease over the same period last year. Insiders pointed out that due to the downturn in the apparel market, after the company's operating performance is still downward pressure.

It is understood that the apparel industry to enter the banking sector, Smith Barney is not the first home. Last year, one hundred round pants industry announcement, said to be involved in matters relating to the establishment of Private Banks; Lancy brand women also share the main announcement, said the establishment of private banks involved in the preparation has been pre-approved.

Bank of Ningbo Youngor because its equity investments are included in the consolidated financial statements, a substantial increase in investment profit. A quarter, Younger investment operations achieved net profit of 870 million yuan, of which 800 million yuan Bank of Ningbo contribution, accounting for 92%.