trending Market Intelligence /marketintelligence/en/news-insights/trending/jyYeTV70q35F91goJjX0fQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

China Merchants Bank posts 14.84% YOY rise in FY'18 net profit

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

China Merchants Bank posts 14.84% YOY rise in FY'18 net profit

China Merchants Bank Co. Ltd. posted a 14.84% year-over-year increase in net profit for the 2018 full year.

The company on March 22 reported a net profit attributable to equity holders of 80.56 billion yuan, up from 70.15 billion yuan in the prior-year period. EPS climbed to 3.13 yuan to 2.78 yuan.

The S&P Global Market Intelligence mean estimate for normalized EPS was 3.18 yuan, while the estimate for GAAP EPS was 3.20 yuan.

Net interest income grew to 160.38 billion yuan from 144.85 billion yuan, while net fee and commission climbed to 66.48 billion yuan from 64.02 billion yuan.

Operating income rose to 247.14 billion yuan from 220.04 billion yuan. Operating profit before impairment losses came to 166.03 billion, compared to 149.61 billion yuan in the prior-year period.

Impairment losses on loans and advances came to 8 million yuan for the year, up from 4 million yuan in the prior-year period.

Net interest margin for the period clocked in at 2.57%, up from 2.43% in the prior-year period.

The company's nonperforming loan ratio clocked in at 1.36% as of Dec. 31, 2018, down from 1.61% at Dec. 31, 2017.

At the end of 2018, the company's capital adequacy ratio came to 15.68%, up from 15.48% at Dec. 31, 2017. Over the same period, its core Tier 1 ratio fell to 11.78% from 12.06%, while its Tier 1 ratio dropped to 12.62% from 13.02%.

The company's board proposed to declare a cash dividend of 94 fen per share for 2018, up from the prior year's dividend of 84 fen. The dividend is subject to shareholder approval at the company's annual general meeting.

As of March 21, US$1 was equivalent to 6.70 Chinese yuan.