CHINA MERCHANTS BANK SEES 07 NET PROFIT HIKE 124%
AsiaInfo Services, March, 2008
AsiaInfo Services 03-20-2008 China Merchants Bank Sees 07 Net Profit Hike 124% GUANGDONG, Mar 20, 2008 (SinoCast via COMTEX) -- China Merchants Bank, a leading joint-stock commercial lender in the country, has posted its 2007 results, reporting CNY 15.243 billion net profit and CNY 1.04 earnings per share, ballooning 124.36 percent and 96.23 percent year on year. The bank had grown its total assets to CNY 1,310.552 billion by the end of last year, expanding 40.30 percent from that year beginning.
Total deposits chalked up to CNY 943.534 billion, jumping by 21.94 percent, while total customer loans amounted to CNY 673.167 billion, gaining by 19 percent. Total retail loans made up 26 percent of total customer loans, 7.97 percentage points higher than that at the...
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