www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

News >Bizchina

Minsheng's financing plan awaiting approval

2011-08-24 10:10

BEIJING - Senior executives of China Minsheng Banking Corp (CMBC), a major private lender in domestic market, said on Tuesday that its financing plan released in February will cover the bank's capital requirements for the next two and a half years.

"We are awaiting regulators' final approval to replenish capital," Zhao Pinzhang, vice-president of CMBC, said at a news conference held in Beijing.

According to the financing plan, the bank hopes to raise about 29 billion yuan ($4.53 billion) by selling 20 billion yuan in convertible notes on the A-share market and selling 9 billion yuan in shares on the Hong Kong stock market.

Zhang Changlin, director of asset and liability management at CMBC, said that even if the government rejects the financing plan, the bank's current capital level will still meet operational needs for this year.

By the end of June, CMBC's capital adequacy ratio increased from the beginning of the year by 0.29 percentage point to 10.73 percent, but its core capital adequacy ratio declined by 0.32 percentage point to 7.75 percent, below the 8 percent minimum set by the China Banking Regulatory Commission (CBRC), according to the lender's half-year report, which was released on Aug 17.

Zhao said the bank is trying to reduce costs and is focusing on developing its intermediary business, which contributed 23 percent to total income in the first half, to reduce tied-up capital and increase efficiency.

At present, the bank's loan-to-deposit ratio stands at 73.26 percent, close to the 75 percent limit set by the CBRC.

"We are concerned about the bank's high cost to raise and use capital, especially given the slowdown of its retail deposit growth and smaller proportion of demand deposits," said Sun Peng, an analyst at BOC International (China) Ltd.

CMBC reported net profit of 13.9 billion yuan for the first half of the year, a year-on-year rise of nearly 57 percent. Its performance leads those of other banks that have already published half-year reports.

CMBC's total assets rose to more than 2.16 trillion yuan by the end of June, and revenue increased by nearly 49 percent to 12.8 billion yuan. The lender attributed the results to substantial improvement of income from loans and fees.

In the first half, its interest income -revenue from lending minus payments to depositors - rose by nearly 40 percent year-on-year while fees and commission revenue increased 75.6 percent from last year, which contributed to more than 20 percent of total income, said the bank.

The net interest margin, a measure of lending profitability, widened to 3 percent from 2.92 percent a year ago due to increased interest rates and credit demand.

Ye Yunyan, a banking analyst at China Galaxy Securities Co, Ltd, said the solid improvement in profit is largely attributable to the bank's 2009 strategy shift to increase lending to small and medium-sized enterprises, which allowed CMBC to lend at higher interest rates but exposed it to a higher risk of non-performing loans.

By the end of June, its non-performing loan ratio narrowed by 0.06 percentage point from the beginning of the year to 0.63 percent, while the provision coverage ratio increased by 63.85 percentage points to 334.3 percent of non-performing loans during the same period.

CMBC has 172 billion yuan in outstanding loans to local governments through financing vehicles and none of the loans are regarded as non-performing, said Wang Fang, deputy director of the lender's credit assessment department.

Tang Yayun, an analyst at Northeast Securities Co Ltd, predicted the bank will realize an increase in net profit of more than 35 percent year-on-year for the whole year and maintain profit growth of 25 percent in 2012.

Related News:

主站蜘蛛池模板: 欧美亚洲国产精品久久久久 | 国产精品久久久久久久久久日本 | 毛片网站免费在线观看 | 欧美日韩视频一区二区 | 国产一级不卡毛片 | 亚洲欧美在线不卡 | 波多野结衣视频免费观看 | 日本丶国产丶欧美色综合 | 国产黄三级三·级三级 | 9丨精品国产高清自在线看 ⅹxx中国xxx人妖 | 国产亚洲精品午夜一区 | 日本免费大黄在线观看 | 国产激情自拍 | 亚洲欧美日韩在线播放 | 高清一区二区在线观看 | 亚洲综合色就色手机在线观看 | 国产成人盗摄精品 | 欧美成人一区二区三区在线视频 | 成人综合在线视频 | 国产成人mv在线观看入口视频 | 91九色成人| 麻豆69堂免费视频 | 大陆高清自拍 | 国产一起色一起爱 | 97一级毛片全部免费播放 | 国产欧美日韩综合一区二区三区 | 三级午夜三级三点在看 | 欧日韩美香蕉在线观看 | 性生活视频网站 | 国产欧美一区二区日本加勒比 | 爱爱爱久久久久久久 | 国产成人精品无缓存在线播放 | 国产玖玖在线 | 成人在线免费观看视频 | 91成人网 | 九九九九九九精品免费 | 中国嫩模一级毛片 | 国产成人高清视频在线观看免费97 | 欧美成人一级视频 | 国产在线一区二区三区四区 | 五月色婷婷综合开心网4438 |