CQRC Bank (03618) 1H net up 8.3% to Rmb3.9bn; no div

    Chongqing Rural Commercial Bank (03618) said its net profit attributable to equity holders for the six months ended 30 June 2015 rose 8.26% year-on-year to Rmb3,887.5 million.
  Basic and diluted earnings per share were Rmb0.42.
  Net interest income was Rmb9,771.5 million, an increase of 10.4% from a year earlier. The net interest margin was 3.25% and the net interest spread was 3.04%, representing a decrease of 13 basis points and 12 basis points as compared to the end of the previous year.
  As at 30 June 2015, the balance of non-performing loans increased by Rmb371 million from the end of the previous year to Rmb2,258 million; while the non-performing loan ratio was 0.85% which was 0.07 percentage points higher than that of the end of the previous year.
  As at 30 June 2015, the capital adequacy ratio of the Group was 11.51%, representing a decrease of 0.94 percentage points as compared with the end of the previous year, which was 1.01 percentage points higher than the regulatory requirement of 10.5%. Both of core tier 1 capital adequacy ratio and tier 1 capital adequacy ratio of the Group were 9.32%, representing a decrease of 0.8 percentage points as compared with the end of the previous year.
  No interim dividend will be distributed.