Huishang Bank (03698) 1H net up 8% to Rmb3.07bn; no div

    Huishang Bank (03698) said its net profit attributable to shareholders for the six months ended 30 June 2015 rose 8.03% year-on-year to Rmb3,067 million.
  Basic and diluted earnings per share were Rmb0.28.
  The net interest income amounted to Rmb6,700 million, an increase of 24.98% as compared with the same period of last year, which was mainly due to an increase in the scale of interest-earning assets. The net interest margin was 2.68%, representing a decrease of 0.06 percentage point as compared with the end of last year.
  As of the end of June 2015, the balance of the bank's non-performing loans was Rmb2,350 million, representing an increase of Rmb524 million as compared with the end of last year. Non-performing loan ratio was 0.97%, representing an increase of 0.14 percentage point as compared with the end of last year. Allowance to non-performing loan ratio was 233.88%, representing a decrease of 21.39 percentage points as compared with the end of last year.
  As of 30 June 2015, the bank's capital adequacy ratio was 11.24%, core Tier 1 capital adequacy ratio was 9.7%, and Tier 1 capital adequacy ratio was 9.7%, as compared to 13.41%, 11.5% and 11.51% at the end of last year.
  No interim dividend will be distributed.