China Merchants Bank posts faster profit growth in H1

Updated 2017-08-20 15:03:48 Xinhua

China Merchants Bank, a mid-sized Chinese lender, posted better net profit growth in the first half of the year with a higher net interest income.

The bank's net profit attributable to shareholders reached 39.3 billion yuan (about 5.9 billion U.S. dollars) in the first six months of the year, up 11.4 percent year on year, it said in a statement.

This was higher than the 6.8-percent rise in the same period of last year.

Net interest income rose 5.1 percent year on year to 70.9 billion yuan in H1, the bank said.

Total assets climbed 4.3 percent from six months earlier to 6.1 trillion yuan by the end of June, while its bad loan ratio fell 0.16 percentage point to 1.71 percent.

The bank's shares rose 1.44 percent in Shanghai on Friday but dropped 0.19 percent in Hong Kong.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58March 24 2018 06:46:54

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16March 24 2018 06:46:54

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18March 24 2018 06:46:54

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords