China's banking industry reported 583.4 billion yuan (85.79 billion U.S. dollars) of after-tax profit in 2008, up 30.6 percent, said China Banking Regulatory Commission (CBRC) Thursday.

CBRC chairman Liu Mingkang released the figure at a press conference on Chinese banks' measures against the financial crisis.

According to a report on CBRC website, the after-tax profit for2007 stood at 446.7 billion yuan, while the pre-tax profit for 2006 was 337.9 billion yuan.

"The impact on China'a banking system is limited and the risks are under control," said Liu.

Source:Xinhua