Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Current Home > Business > Enterprises & Products
China Minsheng's net profits up nearly 50% in first quarter
Latest Updated by 2007-05-06 14:36:50
Related News
China raises bank reserve ratio to 11%
Huaxia Bank's profit up 21%
Citic Bank, and China, steal the spotlight
Business News
China's steel export to slow down in second half
China imports less aluminum amid expanding production capacity
Both import, export value of tungsten down 11% in Q1

China Minsheng Banking Corp., one of the country's 10 listed commercial banks, has reported net profits up 47 percent year-on-year to 1.11 billion yuan (144.2 million U.S. dollars) in the first quarter of the year.

The bank's earnings per share stood at 0.11 yuan, company sources said on Saturday.

From January to March, the Shanghai-listed bank earned 4.55 billion yuan (591 million  dollars) in interest, up 39 percent on the same period of last year. The growth rate was much higher than the year-earlier level of 12 percent.

At the end of March, the midsized lender had 5.74 billion yuan (746 million dollars) of non-performing loans on its books, up 237 million yuan (31 million dollars) from the level at the beginning of this year. But its NPL ratio stood at 1.21 percent, down 0.02 percentage points.

At the end of the first quarter, higher profitability helped boost China Minsheng Banking's gross assets 22 percent to 693 billion yuan (90 billion dollars). Outstanding loans amounted to 474 billion yuan (62 billion dollars), up 19.3 percent, and deposits 581 billion yuan (76 billion dollars), up 17.8 percent.

Editor: Donald

By: Source: China View website
Previous:  Shenzhen Development Bank posts 129% growth in net profits in Q1  Next:Citic Bank, and China, steal the spotlight

ASEAN+3 Finance Ministers' Meeting makes tangible progress

20,000 walk Western Corridor

[Guangzhou] Eight New Attractive Places of Liwan District Selected

A park to be constructed in the greenbelt inside Ersha Island

2008 Beijing Olympic Games Torch unveiled
This site contains material from other media for content enrichment purpose only.
The website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact within thirty (30) days. Email:
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips