China Merchants Bank's profits up 10 pct

0 Comment(s)Print E-mail Xinhua, January 24, 2020
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BEIJING, Jan. 24 (Xinhua) -- China Merchants Bank, one of the largest lenders in China, posted a robust growth of 10.05 percent in its profits in 2019.

Gross profits totaled 117.21 billion yuan (about 17 billion U.S. dollars) last year, according to a statement filed to the Shanghai Stock Exchange.

Revenues stood at 269.75 billion yuan, up 8.53 percent year on year.

Non-performing loan ratio reached 1.16 percent at the end of 2019, down 0.2 percentage point from the end of 2018.

The lender's total assets jumped 9.95 percent from a year earlier to 7.42 trillion yuan at the end of last year. Enditem

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