13 December 2019

China Merchants’ Jan-Sept net profit up 13.55%, filing says

China Merchants Bank Co., Ltd. (03968.HK, 600036.CN) said in an exchange filing on Wednesday that its net profit for the nine months to September rose 13.55 percent year on year to 39.498 billion yuan (US$6.483 billion), while revenue for the first three quarters also rose by 14.5 percent to 97.531 billion yuan. As of the end of September, the bank’s non-performing loans totaled 17.1 billion yuan, up 5.406 billion yuan from the start of the year, translating to a non-performing loan ratio of 0.79 percent, or 0.18 percentage point higher than at the beginning of the year, it said.

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