[ET Net News Agency, 14 February 2018] Huishang Bank (03698) said it expects the net
profit of the Group will be about Rmb7.8 billion for the year ended 31 December 2017,
representing a year-on-year increase of about over 11%.
The cost-to-income ratio of the Group will be about 25.9%, representing a year-on-year
decrease of over one percentage point; the total assets of the Group will grow by about
over 20% as compared with the year of 2016.
The bank considers that the increase in the Group's net profit was mainly attributable
to the increase in interest-earning assets and the stable capital support from the
increase in assets by taking customer deposits; and the further decrease in the
cost-to-income ratio in light of the effective cost control due to rational business
allocation and expense management.
Its annual results announcement is expected to be published before the end of March.
(HL)