BEIJING, March 30 (Xinhua) -- China Minsheng Bank (CMBC) saw net profits edge up 1.03 percent in 2018, a slower growth than in 2017, company data showed.
The bank's net profits stood at 50.3 billion yuan (about 7.5 billion U.S. dollars) last year, according to a company statement. In 2017, the bank's profits expanded by 4.12 percent.
Operating revenue rose 8.66 percent to 156.8 billion yuan, of which non-interest net income accounted for 51.09 percent, 11.08 percentage points higher than a year earlier, according to the statement.
Total assets reached nearly 6 trillion yuan at the end of 2018, up 1.57 percent year on year.
The non-performing loan ratio was 1.76 percent at the end of 2018, up 0.05 percentage point from a year earlier, the statement said, noting that the bank's asset quality remained basically stable.
Listed in both Shanghai and Hong Kong, the CMBC is the country's first national bank founded by private capital.
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