CMBC’s Aggressive Asset Growth Failed to Offset NIM Compression in 2016
Despite decent revenue growth of 3.8% from 2015, China Minsheng Bank’s, or CMBC's, 2016 results indicated that growth remained weaker than peers during the challenging period. The 0.5% revenue growth was mainly driven by a 2.1% and 0.4% growth in fee income and net interest income, respectively. The 2.1% fee income growth was significantly lower than joint-stock bank peers we cover with growth ranging from 14% to 19%, as its fast-expanding asset management-related services was more vulnerable to...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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