Statistics

Minsheng Bank Q3 profit up 46% on higher interest income

(Xinhua)
Updated: 2010-10-30 13:35

BEIJING - China's Minsheng Banking Co said Friday its third-quarter profit climbed 46.48 percent year-on-year to 4.14 billion yuan ($618.76 million) on the back of higher interest income.

Earnings per share increased 0.03 yuan year-on-year to 0.16 yuan, according to its third-quarter report filed with the Shanghai Stock Exchange.

Related readings:  China Merchants Bank profit up 57.4% in 1st three quarters  China CITIC Bank's profit up 48.19% in 1st three quarters

Interest income in the first three quarters rose 45.53 percent year-on-year to 33.02 billion yuan while non-interest income rose 17.5 percent to 7.02 billion.

The bank's total assets at the end of the quarter climbed 23.7 percent year-on-year to 1.76 trillion yuan.

Its non-performing loan ratio was 0.75 percent at the end of September, down 0.09 percentage points from the beginning of the year.

Shares of the lender lost 1.97 percent Friday to finish at 5.46 yuan.