CMBC’s 1Q Reported Strong Rebound in Revenue, Credit Quality Remained Weak
No-moat China Minsheng Bank Corp's, or CMBC’s, first-quarter results posted a strong 19% rebound in revenue in the first quarter, up from 9% in 2018, driven by both net interest margin, or NIM, expansion and fee income growth recovery. Along with an accelerating top line growth, the bank also achieved the strongest improvement in operating efficiency among listed Chinese banks we cover, cost/income ratio declined 346 basis points to 21.3%. While that ratio is one of the lowest among our Chinese ...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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