Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

China Merchants Bank expects profit rise 15 pct in 2018

January 28, 2019


Abstract : China Merchants Bank, one of the largest lenders in China, reported rapid profit growth last year with better asset quality.

BEIJING, Jan. 27 (Xinhua) -- China Merchants Bank, one of the largest lenders in China, reported rapid profit growth last year with better asset quality.

The bank's net profit attributable to shareholders jumped 14.84 percent year on year to 80.56 billion yuan (about 11.86 billion U.S. dollars), the company said in its preliminary earnings estimates filed with the Shanghai Stock Exchange.

The company's operating income increased by 12.57 percent to 248.66 billion yuan last year.

The bank's non-performing loan ratio came in at 1.36 percent, down 0.25 percentage points compared with the end of 2017.

The results are subject to auditing and could be different from the final data. It's expected that the deviations will not exceed 10 percent, the bank said.

Scan the QR code and push it to your mobile phone

Keyword: China-banking China-Merchants-Bank

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial