[ET Net News Agency, 29 August 2018] Postal Savings Bank of China (PSBC) (01658) said
its net profit attributable to shareholders for the six months ended 30 June 2018 rose
22.27% year-on-year to RMB32,523 million.
Basic and diluted earnings per share were RMB0.37.
Net interest income amounted to RMB111,662 million, an increase of 27.59% from a year
earlier. Net interest margin and net interest spread was 2.64% and 2.65%, respectively,
representing increases of 33 basis point and 27 basis points, as compared to the
corresponding period of the previous year.
As of the end of the reporting period, the bank's balance of non-performing loans
amounted to RMB38,917 million, representing an increase of RMB11,647 million as compared
to the end of the previous year. Non-performing loan ratio was 0.97%, representing an
increase of 0.22 percentage point as compared to the end of the previous year. Core tier 1
capital adequacy ratio was 9%, up 0.4 percentage point as compared to end-2017.
No interim dividend will be distributed. (SC)