China MinshengBanking Corp. Ltd. on March 30 reported a 3.51% year-over-year increasein net profit for 2015.
Net profit attributable to equity shareholders rose to 46.11billion yuan from 44.55 billion yuan for the year ended Dec. 31, 2014. EPS alsoincreased year over year to 1.27 yuan from 1.24 yuan.
The bank's net interest income for 2015 increased to 94.27 billionyuan from 92.14 billion yuan in 2014, while net fee and commission income jumpedyear over year to 51.21 billion yuan from 38.24 billion yuan.
The bank's impairment losses on assets totaled 34.80 billionyuan, sharply up from 21.13 billion yuan in 2014.
The bank reported an impaired loan ratio of 1.60% as of Dec.31, 2015, up from 1.17% as of the end of 2014.
Net interest margin for 2015 declined to 2.26% from 2.59% asof Dec. 31, 2014.
The company's capital adequacy ratio rose to 11.49% from 10.69%as of Dec. 31, 2014. Its core Tier 1 capital and Tier 1 capital adequacy ratiosincreased to 9.17% and 9.19%, respectively, from 8.58% and 8.59% at the end of 2014.
China Minsheng Banking proposed a cash dividend of 16 fen pershare for the second half of 2015, up from 11 fen per share for the prior-year period.Together with a cash dividend of 7.5 fen per share for the first half of 2015, thebank's total dividend for 2015 amounted to 23.5 fen per share, up from a total dividendof 18.5 fen per share for 2014.
As of March 30, US$1 wasequivalent to 6.47 Chinese yuan.