China Merchants Bank Saw Asset Quality Further Improved in 2017
With a 13% year-on-year growth in net profit, China Merchants Bank, or CMB’s, 2017 solid results were largely in line. The bank's return on equity led the industry in a mild recovery after continuous decline since 2012, improving to 16.45% from 16.02% in 2016. The results highlighted strong deposit cost base in both corporate and retail segments, resiliency of fee income growth and sufficient provision, while cost/income ratio increased 2.22 percentage points to 30.23% on stepped up investment i...
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