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 net profit up 13 pct in H1

July 25, 2019


Abstract : China Merchants Bank, one of the largest lenders in China, reported an annual net profit growth of 13 percent in the first half of 2019.

SHANGHAI, July 24 (Xinhua) -- China Merchants Bank, one of the largest lenders in China, reported an annual net profit growth of 13 percent in the first half of 2019.

The bank's net profit attributable to shareholders reached 50.6 billion yuan (7.35 billion U.S. dollars) in the Jan.-June period, compared to 44.8 billion yuan in the same period a year ago, the bank said in its preliminary earnings estimate filed with the Shanghai Stock Exchange Wednesday.

During the six-month period, its revenue jumped 9.65 percent year on year to 138.3 billion yuan.

The bank's total assets reached 7.19 trillion yuan at the end of June, up 6.64 percent from half a year ago.

In addition, its non-performing loan ratio came in at 1.24 percent, down by 0.12 percentage points compared with the end of 2018.

The results are subject to auditing and could differ 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: profit China Merchants Bank

Reading:

China, Belarus implement AEO customs agreement

Business insiders say China's fur industry resilient amid trade tensions

Chinese construction, engineering technology showcased in Philippines

China's Huawei, Philippine university ink agreement on cooperation

China's air conditioner sales decline in H1

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