Ping An Bank’s Revenue Growth Accelerated on NIM Expansion; Retail Loan Growth Slowed Significantly
Ping An Insurance's banking subsidiary, Ping An Bank, released first-quarter results April 24, highlighting an accelerating year-on-year growth in revenue and net profits of 16% and 13%, respectively, versus the 10% and 7% growth in 2018. The results are roughly in line to deliver our 11% net profit growth forecast for the full year. Importantly, growth in pre-provision operating profit continued to trend up to 17% from 10% in 2018. We expect the bank’s growth momentum for the second quarter wil...Ping An Insurance Group Company of China is an insurance company. Co. is engaged in the provision of financial products and services on insurance, banking and investment businesses. Co.'s business activities include investing in financial and insurance enterprises, supervising and managing various domestic and overseas businesses of subsidiaries, and investment deployment. Through its subsidiaries, Co. is also engaged in securities investment and brokerage activities; asset management; futures brokerage activities; property investment, management and leasing; operation of pharmacy; wholesale of medical equipment; and information technology services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.