Huishang Bank year net up 11.5% to Rmb6.87bn; div Rmb6.1 cts

    Huishang Bank (03698) said its net profit attributable to shareholders for the year ended 31 December 2016 rose 11.51% year-on-year to Rmb6,870 million.
  Basic and diluted earnings per share were Rmb0.62.
  Net operating income was Rmb20,918 million, an increase of 23.21% from a year earlier.
  The net interest income amounted to Rmb18,340 million, an increase of 23.56% from last year. Such increase was mainly due to an expansion of the scale of interest-earning assets. The net interest spread was 2.42% and net interest margin was 2.59%, a decrease of 0.12 percentage point and 0.1 percentage point from a year earlier.
  As of the end of 2016, the bank's non-performing loan balance was Rmb2,967 million, representing an increase of Rmb569 million as compared with the end of last year. Non-performing loan ratio was 1.07%, representing an increase of 0.09 percentage point as compared with the end of last year.
  As of 31 December 2016, the bank's capital adequacy ratio was 12.99%, core Tier 1 capital adequacy ratio was 8.79%, and Tier 1 capital adequacy ratio was 9.94%.
  The proposed final dividend is Rmb6.1 cents per share (including tax), payable by end of August.