China Everbright Bank Co. Ltd. reported a 2.71% year-over-year increase in net profit for full-year 2016.
The bank's net profit attributable to equity shareholders rose year over year to 30.33 billion yuan from 29.53 billion yuan. EPS remained flat at 63 fen.
Net interest income decreased year over year to 65.29 billion yuan from 66.46 billion yuan, while net fee and commission income climbed year over year to 28.11 billion yuan from 26.30 billion yuan.
The bank's operating income for 2016 rose to 94.37 billion yuan from 93.36 billion yuan a year ago. Impairment losses on assets increased to 23.93 billion yuan from 21.65 billion yuan.
Net interest margin dropped to 1.78% from 2.25% in the prior year.
The bank reported a nonperforming loan ratio of 1.60% for full-year 2016, slightly down from 1.61%.
As of Dec. 31, 2016, the bank's capital adequacy ratio came in at 10.80%, down from 11.87% a year ago. Its common equity Tier 1 capital adequacy ratio dropped to 8.21% from 9.24%, while its Tier 1 capital adequacy ratio fell to 9.34% from 10.15%.
The bank's board approved a cash dividend of 9.8 fen per share for 2016, down from 19 fen per share for the prior year.
As of March 30, US$1 was equivalent to 6.89 Chinese yuan.