CMBC Continued Its Robust Asset Expansion Despite Challenging Credit Quality Pressure
Evidenced by 0.2% revenue growth and 2% net profit growth against the year-ago period, China Minsheng Bank’s, or CMBC's, third-quarter results indicated increasing difficulties for the bank to boost top-line growth via aggressive asset expansion during the current downward credit cycle. Despite hefty year-on-year interest-earning asset growth and loan growth, both at 25% over the past three quarters, CMBC’s net interest income growth remained anemic at 0.6%, partially due to higher-than-peer net...CHINA MINSHENG BANKING CORP., LTD. (the Bank) is a China-based financial institution principally engaged in corporate banking, personal banking, capital business and other business. The Bank operates its business mainly in North China, East China, South China and other areas in China.
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