China Minsheng Banking Corp. (01988) said its net profit attributable to equity shareholders for the three months ended 31 March 2016 rose 2.46% year-on-year to Rmb13,706 million.
Basic and diluted earnings per share were Rmb0.38.
Operating income was Rmb40,134 million, an increase of 11.39% from a year earlier.
Net interest margin of the Group was 2.11%, down 0.25 percentage point as compared with the corresponding period of the previous year. Net interest income amounted to Rmb24,106 million, an increase of 4.12% year-on-year.
By the end of the reporting period, the non-performing loan ratio of the Group was 1.62%, up 0.02 percentage point as compared with the end of the previous year. Provision coverage ratio and provision for total loans ratio were 152.13% and 2.46% respectively.
Core tier-one capital adequacy ratio was 9.36% and capital adequacy ratio was 11.55%.
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