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China Merchants Bank's profit up 16.6% in Q3

Oct. 30, 2012 (China Knowledge) - China Merchants Bank or CMB<600036><3968>, the nation's sixth-largest bank by assets, has said its net profit attributable to shareholders increase 16.6% YoY to RMB 11.41 billion in the third quarter of this year.

Basic earnings per share for the period were RMB 0.53, up 17.78% from a year earlier.

In the first nine month of this year, the Shanghai and Hong Kong listed company saw its net profit amount to RMB 34.79 billion, 22.55% more than in the corresponding period of last year.

From January to September, China Merchants Bank's operation revenue hit RMB 85.18 billion, including RMB 65.79 billion in net interest income, up 18.28% from a year earlier.

As of the end of last month, the bank had RMB 3.14 trillion in total assets, 12.51% more than at the beginning of this year.

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