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China Merchants Bank's 2011 net profit up 40.20%

Mar. 29, 2012 (China Knowledge) - China Merchants Bank or CMB<600036><3968>, the nation's sixth-largest bank by assets, announced yesterday that its net profit jumped 40.20% year on year to RMB 36.13 billion last year.

Earnings per share were RMB 1.67 in 2011, up 35.77% year on year. The bank proposed a final dividend of RMB 4.2 per ten shares.

CMB's operating revenue rose 34.72% year on year to RMB 96.16 billion in 2011. Net interest income grew 33.69% year on year to RMB 76.31 billion in the period as net interest margin increased by 41 basis points to 3.06% in the period.

The lender's non-interest income swelled 38.80% year on year to RMB 19.85 billion last year.

At the end of 2011, CMB's capital adequacy ratio had risen 0.06 percentage points from a year earlier to 11.53% and its core capital adequacy ratio had increased by 0.18 percentage points year on year to 8.22%.






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