DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/0e9042/research_on_china)
has announced the addition of the "Research on China Merchants Bank
2008" report to their offering.
China Merchants Bank is the largest joint equity bank in China.
Its scale growth has exceeded the average growth speed of bank
industry, it is a high-growth bank, and in terms of its growth track,
it also is a high-quality bank.
The main business of China Merchants Bank is personal business and
has laid a great foundation of a personal business section, which
established a competitive advantage, enabling the bank to take this
advantage to respond to any business fluctuations. Credit card holders
and high-end individual customers are the valuable customers of China
Merchants Bank and will be beneficial to the bank in a number of
years. China Merchants Bank's service charge and commission fee has
grown rapidly and has now become the highest proportion of service
charge and commission fee bank in China's commercial banks. The great
structure of revenue will improve its profitability of assets.
China Merchants Bank has a high level of abundance of capital in
China commercial banks. Meanwhile, in the next few years, the rapid
growth of its profits will be supported by its capital, and therefore,
the possibility of net profit dilution is relatively small. The
capability of risk management is relatively good and its
non-performing assets rate is relatively lower than other commercial
banks, while the adequate provision will promote performance in the
next few years.
The acquisition of Wing Lung Bank can help China Merchants Bank
into the Hong Kong market quickly and participate within the Hong Kong
bank industry's development and competitiveness. Wing Lung Bank and
China Merchants Bank will cooperate with their customers and products
in both markets Hong Kong and in mainland China to achieve maximum
profit. Overall, the acquisition of Wing Lung Bank will have a
positive impact, but, on the other hand, will have a short-term impact
on its finance. China Merchants Bank has grown gradually from a
midsize bank but has now transformed to a large scale bank and has
extended its overseas business. Therefore, a comprehensive development
pattern is the inevitable choice.
In the first quarter of 2008, China Merchants Bank's total assets
reached 1.373786 trillion Yuan, up 39.5 per cent year-on-year and
increased 4.82 per cent than the beginning of 2008; bank deposit 97.3
billion Yuan, an increase of 26.2 per cent year-on-year and increased
5.70 per cent than the beginning of 2008; loan 703.461 billion Yuan,
an increase of 14 per cent year-on-year and increased 5.70 per cent
than the beginning of 2008; earning income 13.712 billion Yuan, an
increase of 75.65 per cent year-on-year; net profit 6.319 billion
Yuan, an increase of 157 per cent year-on-year.
Key Topics Covered:
- Overview of China Merchants Bank
- The operating characteristics of China Merchants Bank
-- The scale of assets
-- The rapid growth of loans
-- The loan/deposit ratio
-- Personal Banking
-- Service charge and commission fee
- The financial characteristics
-- High capital adequacy ratio
-- Low rate of non-performing assets
-- Capability of profitability
- Acquisition of Wing Lung bank
-- Brief of Wing Lung bank
-- The impact of acquisition
- Performance of 2008Q1
-- The first quarter operational data
-- Analysis of the factors contribute to the business growth
--- The solid growth of loan, structural changes of loan and the
increasing net interest income
--- The rising profit of Non-interest income
--- The decrease of tax
--- The reduction of cost
--- The improvement of the quality of assets
For more information visit
http://www.researchandmarkets.com/research/0e9042/research_on_china
Research and Markets
Laura Wood, Senior Manager
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
press@researchandmarkets.com
Copyright Business Wire 2008
