Source: China Minsheng
Banking Co., Ltd. , Agricultural Bank of China Ltd., ChinaScope
Financial (Data)
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On March 22, China Minsheng Banking Co., Ltd.
(600016.SH, 1988.HK) released its 2011 annual report, showing that net profit
attributable to shareholders from the parent company was CNY 27.92 billion, a
58.81% year-on-year increase; earnings per share (EPS) increased CNY 0.39
year-on-year to CNY 1.05 and the average return on assets increased 0.31
percentage point to 1.4%.
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On the same day, the Agricultural Bank of
China Ltd. (601288.SH, 1288.HK) also released its 2011 annual report, showing
that the company’s net profit increased 28.5% to CNY 12.2 billion. At the end
of 2011, the bank’s capital adequacy ratio was 11.94%, core capital adequacy
ratio was 9.5%, and provision coverage was 263%. Outstanding non-performing
loans totaled CNY 87.4 billion, leading to a non-performing loan ratio of
1.55%.
The growth of loans and deposits in MSB and ABC has been declining
since 2009. At the same time, the net margin interests have grown steadily.
Trading Comparable
Other News Headlines:
n Treasury Deposit Bid Rate at Record High
n Net Profit of Minsheng Banking Increases 58.81%; Agricultural Bank Increases 28.5%
n China Unicom: 2011 Revenue Exceeds CNY 200 Billion, Net Profit Up 14%
n Geely’s Net Profits Increased by 13% YoY to CNY 1.54 Billion in 2011
n Tingyi (Cayman Islands): 2011 Net Profit Reaches USD 419.5 Million
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