CMBC Top-Line Growth Rebounds on NIM Expansion, Deposit Base and Provision Coverage Remain Weak
No-moat China Minsheng Bank Corp., or CMBC, posted an 8.7% rebound in revenue in 2018 versus the 7% decline and 0.5% growth respectively in 2017 and 2018, driven by net interest margin, or NIM expansion. Owing to a 158 basis point improvement in cost to income ratio, the increase in pre-provisioning operating profits accelerated to 11%. Net profit growth slowed to 1.0% as a result of increased provision coverage. The results were blemished by a larger-than-peer increase in deposit costs and sign...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.
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.