By Helgi Library - October 8, 2019
China Merchants Bank's customer deposits reached CNY 3,802,000 mil in 2016-12-31, up 5.14% compared to the previous year. Chine...
By Helgi Library - October 8, 2019
China Merchants Bank's customer deposits reached CNY 3,802,000 mil in 2016-12-31, up 5.14% compared to the previous year. Chine...
By Helgi Library - October 23, 2019
China Merchants Bank stock traded at JPY 1,645 per share at the end of second quarter of 2019 implying a market capitalization of US...
| Profit Statement | 2016 | 2017 | 2018 | |
| Net Interest Income | CNY mil | 134,595 | 144,852 | 160,384 |
| Net Fee Income | CNY mil | 60,865 | 64,018 | 66,480 |
| Other Income | CNY mil | 14,489 | 11,169 | 20,271 |
| Total Revenues | CNY mil | 209,949 | 220,039 | 247,135 |
| Staff Cost | CNY mil | 32,811 | 39,512 | 46,025 |
| Operating Profit | CNY mil | 144,801 | 149,608 | 166,025 |
| Provisions | CNY mil | 64,560 | 59,926 | 60,837 |
| Net Profit | CNY mil | 62,081 | 70,150 | 80,560 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Interbank Loans | CNY mil | 581,963 | 407,178 | 512,797 |
| Customer Loans | CNY mil | 3,151,600 | 3,414,600 | 3,749,900 |
| Total Assets | CNY mil | 5,942,300 | 6,297,600 | 6,745,700 |
| Shareholders' Equity | CNY mil | 403,362 | 483,392 | 543,605 |
| Interbank Borrowing | CNY mil | 1,519,500 | 837,472 | 752,917 |
| Customer Deposits | CNY mil | 3,802,000 | 4,085,300 | 4,454,300 |
| Issued Debt Securities | CNY mil | 53,163 | 690,380 | 803,516 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | 16.2 | 15.8 | 15.7 |
| ROA | % | 1.09 | 1.15 | 1.24 |
| Costs (As % Of Assets) | % | 1.14 | 1.15 | 1.24 |
| Costs (As % Of Income) | % | 31.0 | 32.0 | 32.8 |
| Capital Adequacy Ratio | % | 13.3 | 15.5 | 15.7 |
| Net Interest Margin | % | 2.36 | 2.37 | 2.46 |
| Loans (As % Of Deposits) | % | 82.9 | 83.6 | 84.2 |
| NPLs (As % Of Loans) | % | 1.90 | 2.14 | 1.95 |
| Provisions (As % Of NPLs) | % | 178 | 197 | 249 |
| Valuation | 2016 | 2017 | 2018 | |
| Price/Earnings (P/E) | 7.87 | 12.5 | 8.98 | |
| Price/Book Value (P/BV) | 1.21 | 1.82 | 1.33 | |
| Earnings Per Share (EPS) | CNY | 2.46 | 2.78 | 3.19 |
| Book Value Per Share | CNY | 16.0 | 19.2 | 21.6 |
Get all company financials in excel:
| summary | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||||
| Net Interest Income | CNY mil | ... | ... | ... | 88,398 | 98,932 | 117,223 | 137,586 | 134,595 | |||||||||
| Total Revenues | CNY mil | 113,778 | 133,049 | 166,388 | 202,166 | 209,949 | ||||||||||||
| Operating Profit | CNY mil | 65,428 | 78,905 | 105,307 | 134,205 | 144,801 | ||||||||||||
| Net Profit | CNY mil | 45,273 | 51,743 | 55,911 | 57,696 | 62,081 | ||||||||||||
| balance sheet | ||||||||||||||||||
| Interbank Loans | CNY mil | ... | ... | ... | 210,385 | 466,952 | 469,065 | 529,617 | 581,963 | |||||||||
| Customer Loans | CNY mil | 1,863,300 | 2,148,300 | 2,448,800 | 2,739,400 | 3,151,600 | ||||||||||||
| Debt Securities | CNY mil | ... | ... | ... | 520,132 | 765,810 | 1,003,800 | 1,445,600 | 1,455,600 | |||||||||
| Total Assets | CNY mil | 3,408,100 | 4,016,400 | 4,731,800 | 5,475,000 | 5,942,300 | ||||||||||||
| Shareholders' Equity | CNY mil | 200,401 | 265,956 | 315,060 | 361,758 | 403,362 | ||||||||||||
| Interbank Borrowing | CNY mil | ... | ... | ... | 526,460 | 792,478 | 859,039 | 1,138,600 | 1,519,500 | |||||||||
| Customer Deposits | CNY mil | 2,532,400 | 2,775,300 | 3,325,700 | 3,586,400 | 3,802,000 | ||||||||||||
| Issued Debt Securities | CNY mil | ... | ... | ... | 77,111 | 68,936 | 104,864 | 236,759 | 53,163 | |||||||||
| ratios | ||||||||||||||||||
| ROE | % | 24.8 | 22.2 | 19.2 | 17.0 | 16.2 | ||||||||||||
| ROA | % | 1.46 | 1.39 | 1.28 | 1.13 | 1.09 | ||||||||||||
| Costs (As % Of Assets) | % | 1.56 | 1.46 | 1.40 | 1.33 | 1.14 | ||||||||||||
| Costs (As % Of Income) | % | 42.5 | 40.7 | 36.7 | 33.6 | 31.0 | ||||||||||||
| Capital Adequacy Ratio | % | 11.4 | 11.1 | 12.4 | 12.6 | 13.3 | ||||||||||||
| Net Interest Margin | % | ... | ... | ... | 2.85 | 2.67 | 2.68 | 2.70 | 2.36 | |||||||||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 77.7 | 74.4 | 70.5 | 68.1 | 64.1 | |||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 17.3 | 21.9 | 23.7 | 26.2 | 29.0 | |||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 49.5 | 49.8 | 47.8 | 46.2 | 50.4 | |||||||||
| Equity (As % Of Assets) | % | 5.88 | 6.62 | 6.66 | 6.61 | 6.79 | ||||||||||||
| Loans (As % Of Deposits) | % | 73.6 | 77.4 | 73.6 | 76.4 | 82.9 | ||||||||||||
| Loans (As % Assets) | % | 54.7 | 53.5 | 51.8 | 50.0 | 53.0 | ||||||||||||
| NPLs (As % Of Loans) | % | 0.696 | 0.886 | 1.17 | 1.86 | 1.90 | ||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 310 | 251 | 222 | 161 | 178 | |||||||||
| valuation | ||||||||||||||||||
| Market Capitalisation (End Of Period) | USD mil | ... | ... | ... | 38,543 | 34,185 | 53,960 | 56,957 | 56,457 | |||||||||
| Number Of Shares (Average) | mil | ... | ... | ... | 22,080 | 25,220 | 25,220 | 25,220 | 25,220 | |||||||||
| Share Price (End Of Period) | HKD | ... | ... | ... | 13.5 | 10.5 | 16.6 | 17.5 | 17.4 | |||||||||
| Earnings Per Share (EPS) | CNY | ... | ... | ... | 2.05 | 2.05 | 2.22 | 2.29 | 2.46 | |||||||||
| Book Value Per Share | CNY | ... | ... | ... | 9.08 | 10.5 | 12.5 | 14.3 | 16.0 | |||||||||
| Price/Earnings (P/E) | ... | ... | ... | 8.21 | 6.56 | 9.35 | 9.14 | 7.87 | ||||||||||
| Price/Book Value (P/BV) | ... | ... | ... | 1.85 | 1.28 | 1.66 | 1.46 | 1.21 | ||||||||||
| Earnings Per Share Growth | % | ... | ... | ... | ... | 25.3 | 0.060 | 8.06 | 3.19 | 7.60 | ||||||||
| Book Value Per Share Growth | % | ... | ... | ... | ... | 21.4 | 16.2 | 18.5 | 14.8 | 11.5 |
| income statement | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| income statement | ||||||||||||||||||
| Interest Income | CNY mil | ... | ... | ... | 150,125 | 173,514 | 228,057 | 235,976 | 215,481 | |||||||||
| Interest Cost | CNY mil | ... | ... | ... | 61,727 | 74,582 | 110,834 | 98,390 | 80,886 | |||||||||
| Net Interest Income | CNY mil | ... | ... | ... | 88,398 | 98,932 | 117,223 | 137,586 | 134,595 | |||||||||
| Net Fee Income | CNY mil | ... | ... | ... | 19,739 | 29,184 | 39,494 | 53,009 | 60,865 | |||||||||
| Other Income | CNY mil | ... | ... | ... | 5,641 | 4,933 | 9,671 | 11,571 | 14,489 | |||||||||
| Total Revenues | CNY mil | 113,778 | 133,049 | 166,388 | 202,166 | 209,949 | ||||||||||||
| Staff Cost | CNY mil | ... | ... | ... | 23,932 | 26,990 | 29,179 | 31,394 | 32,811 | |||||||||
| Depreciation | CNY mil | ... | ... | ... | 2,924 | 3,295 | 3,535 | 4,084 | 4,287 | |||||||||
| Other Cost | CNY mil | ... | ... | ... | 21,494 | 23,859 | 28,367 | 32,483 | 28,050 | |||||||||
| Operating Cost | CNY mil | 48,350 | 54,144 | 61,081 | 67,961 | 65,148 | ||||||||||||
| Operating Profit | CNY mil | 65,428 | 78,905 | 105,307 | 134,205 | 144,801 | ||||||||||||
| Provisions | CNY mil | 5,583 | 10,218 | 31,681 | 59,266 | 64,560 | ||||||||||||
| Extra and Other Cost | CNY mil | 281 | 262 | 195 | -140 | 1,278 | ||||||||||||
| Pre-Tax Profit | CNY mil | 59,564 | 68,425 | 73,431 | 75,079 | 78,963 | ||||||||||||
| Tax | CNY mil | 14,287 | 16,683 | 17,382 | 17,061 | 16,583 | ||||||||||||
| Minorities | CNY mil | 4.00 | -1.00 | 138 | 322 | 299 | ||||||||||||
| Net Profit | CNY mil | 45,273 | 51,743 | 55,911 | 57,696 | 62,081 | ||||||||||||
| growth rates | ||||||||||||||||||
| Net Interest Income Growth | % | ... | ... | ... | ... | 15.8 | 11.9 | 18.5 | 17.4 | -2.17 | ||||||||
| Net Fee Income Growth | % | ... | ... | ... | ... | 29.0 | 47.8 | 35.3 | 34.2 | 14.8 | ||||||||
| Total Revenue Growth | % | ... | 18.2 | 16.9 | 25.1 | 21.5 | 3.85 | |||||||||||
| Operating Cost Growth | % | ... | 18.2 | 12.0 | 12.8 | 11.3 | -4.14 | |||||||||||
| Operating Profit Growth | % | ... | 18.1 | 20.6 | 33.5 | 27.4 | 7.90 | |||||||||||
| Pre-Tax Profit Growth | % | ... | 26.4 | 14.9 | 7.32 | 2.24 | 5.17 | |||||||||||
| Net Profit Growth | % | ... | 25.3 | 14.3 | 8.06 | 3.19 | 7.60 | |||||||||||
| market share | ||||||||||||||||||
| Market Share in Revenues | % | ... | ... | ... | ... | ... | ... | ... | ... | 3.60 | 3.72 | 3.96 | 4.35 | 4.47 | ... | |||
| Market Share in Net Profit | % | ... | ... | ... | ... | ... | 3.00 | ... | ... | ... | ... | ... | ... | |||||
| Market Share in Employees | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| balance sheet | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| balance sheet | ||||||||||||||||||
| Cash | CNY mil | ... | ... | ... | 752,262 | 556,089 | 710,771 | 648,121 | 597,529 | |||||||||
| Interbank Loans | CNY mil | ... | ... | ... | 210,385 | 466,952 | 469,065 | 529,617 | 581,963 | |||||||||
| Customer Loans | CNY mil | 1,863,300 | 2,148,300 | 2,448,800 | 2,739,400 | 3,151,600 | ||||||||||||
| Retail Loans | CNY mil | ... | ... | ... | 686,784 | 800,249 | 971,327 | 1,226,700 | 1,540,600 | |||||||||
| Mortgage Loans | CNY mil | ... | ... | ... | 335,746 | 268,606 | 329,178 | 499,455 | 728,328 | |||||||||
| Consumer Loans | CNY mil | ... | ... | ... | 351,038 | 531,643 | 642,149 | 727,245 | 812,272 | |||||||||
| Corporate Loans | CNY mil | ... | ... | ... | 1,152,800 | 1,325,800 | 1,467,600 | 1,507,800 | 1,721,100 | |||||||||
| Debt Securities | CNY mil | ... | ... | ... | 520,132 | 765,810 | 1,003,800 | 1,445,600 | 1,455,600 | |||||||||
| Fixed Assets | CNY mil | ... | ... | ... | 32,841 | 37,148 | 40,690 | 45,384 | 56,936 | |||||||||
| Total Assets | CNY mil | 3,408,100 | 4,016,400 | 4,731,800 | 5,475,000 | 5,942,300 | ||||||||||||
| Shareholders' Equity | CNY mil | 200,401 | 265,956 | 315,060 | 361,758 | 403,362 | ||||||||||||
| Of Which Minority Interest | CNY mil | ... | ... | ... | ... | ... | 73.0 | 491 | 656 | 952 | 1,012 | |||||||
| Liabilities | CNY mil | 3,207,700 | 3,750,440 | 4,416,740 | 5,113,240 | 5,538,940 | ||||||||||||
| Interbank Borrowing | CNY mil | ... | ... | ... | 526,460 | 792,478 | 859,039 | 1,138,600 | 1,519,500 | |||||||||
| Customer Deposits | CNY mil | 2,532,400 | 2,775,300 | 3,325,700 | 3,586,400 | 3,802,000 | ||||||||||||
| Retail Deposits | CNY mil | ... | ... | ... | 925,503 | 968,324 | 1,093,030 | 1,210,170 | 1,284,560 | |||||||||
| Corporate Deposits | CNY mil | ... | ... | ... | 1,606,940 | 1,806,950 | 2,211,410 | 2,361,530 | 2,517,490 | |||||||||
| Sight Deposits | CNY mil | ... | ... | ... | 1,322,500 | 1,411,600 | 1,618,500 | 2,002,500 | 2,392,800 | |||||||||
| Term Deposits | CNY mil | ... | ... | ... | 1,209,900 | 1,363,700 | 1,707,200 | 1,583,900 | 1,409,200 | |||||||||
| Issued Debt Securities | CNY mil | ... | ... | ... | 77,111 | 68,936 | 104,864 | 236,759 | 53,163 | |||||||||
| Other Liabilities | CNY mil | ... | ... | ... | 71,728 | 113,730 | 127,137 | 151,483 | 164,275 | |||||||||
| asset quality | ||||||||||||||||||
| Non-Performing Loans | CNY mil | ... | ... | ... | 13,258 | 19,462 | 29,368 | 52,632 | 61,985 | |||||||||
| Gross Loans | CNY mil | ... | ... | ... | 1,904,500 | 2,197,100 | 2,513,900 | 2,824,300 | 3,261,700 | |||||||||
| Total Provisions | CNY mil | ... | ... | ... | 41,138 | 48,764 | 65,165 | 84,842 | 110,032 | |||||||||
| growth rates | ||||||||||||||||||
| Customer Loan Growth | % | ... | 16.1 | 15.3 | 14.0 | 11.9 | 15.0 | |||||||||||
| Retail Loan Growth | % | ... | ... | ... | ... | 20.2 | 16.5 | 21.4 | 26.3 | 25.6 | ||||||||
| Mortgage Loan Growth | % | ... | ... | ... | ... | 3.74 | -20.0 | 22.6 | 51.7 | 45.8 | ||||||||
| Consumer Loan Growth | % | ... | ... | ... | ... | 41.8 | 51.4 | 20.8 | 13.3 | 11.7 | ||||||||
| Corporate Loan Growth | % | ... | ... | ... | ... | 16.0 | 15.0 | 10.7 | 2.74 | 14.1 | ||||||||
| Total Asset Growth | % | ... | 21.9 | 17.8 | 17.8 | 15.7 | 8.54 | |||||||||||
| Shareholders' Equity Growth | % | ... | 21.4 | 32.7 | 18.5 | 14.8 | 11.5 | |||||||||||
| Customer Deposit Growth | % | ... | 13.3 | 9.59 | 19.8 | 7.84 | 6.01 | |||||||||||
| Retail Deposit Growth | % | ... | ... | ... | ... | 15.2 | 4.63 | 12.9 | 10.7 | 6.15 | ||||||||
| Corporate Deposit Growth | % | ... | ... | ... | ... | 13.4 | 12.4 | 22.4 | 6.79 | 6.60 | ||||||||
| market share | ||||||||||||||||||
| Market Share in Customer Loans | % | ... | 2.77 | 2.70 | 2.71 | 2.61 | 2.70 | ... | ||||||||||
| Market Share in Total Assets | % | ... | 2.55 | 2.63 | 2.75 | 2.75 | 2.58 | ... | ||||||||||
| Market Share in Customer Deposits | % | ... | 2.69 | 6.66 | 7.35 | 6.30 | 5.35 | ... | ||||||||||
| Market Share in Retail Deposits | % | ... | ... | ... | ... | ... | ... | 2.32 | 2.16 | 2.25 | 2.30 | ... | ... | ... | ||||
| Market Share in Corporate Deposits | % | ... | ... | ... | ... | ... | ... | 4.91 | 5.00 | 5.85 | 5.49 | ... | ... | ... |
| ratios | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| ratios | ||||||||||||||||||
| ROE | % | 24.8 | 22.2 | 19.2 | 17.0 | 16.2 | ||||||||||||
| ROA | % | 1.46 | 1.39 | 1.28 | 1.13 | 1.09 | ||||||||||||
| Costs (As % Of Assets) | % | 1.56 | 1.46 | 1.40 | 1.33 | 1.14 | ||||||||||||
| Costs (As % Of Income) | % | 42.5 | 40.7 | 36.7 | 33.6 | 31.0 | ||||||||||||
| Capital Adequacy Ratio | % | 11.4 | 11.1 | 12.4 | 12.6 | 13.3 | ||||||||||||
| Tier 1 Ratio | % | 8.34 | 9.27 | 10.4 | 10.8 | 11.5 | ||||||||||||
| Net Interest Margin | % | ... | ... | ... | 2.85 | 2.67 | 2.68 | 2.70 | 2.36 | |||||||||
| Interest Spread | % | ... | ... | ... | 2.73 | 2.53 | 2.50 | 2.56 | 2.26 | |||||||||
| Asset Yield | % | ... | ... | ... | 4.84 | 4.67 | 5.21 | 4.62 | 3.77 | |||||||||
| Cost Of Liabilities | % | ... | ... | ... | 2.11 | 2.14 | 2.71 | 2.06 | 1.52 | |||||||||
| Interest Income (As % Of Revenues) | % | ... | ... | ... | 77.7 | 74.4 | 70.5 | 68.1 | 64.1 | |||||||||
| Fee Income (As % Of Revenues) | % | ... | ... | ... | 17.3 | 21.9 | 23.7 | 26.2 | 29.0 | |||||||||
| Other Income (As % Of Revenues) | % | ... | ... | ... | 4.96 | 3.71 | 5.81 | 5.72 | 6.90 | |||||||||
| Cost Per Employee | USD per month | ... | ... | ... | ... | 5,326 | 5,374 | 5,281 | 5,409 | 5,774 | ||||||||
| Cost Per Employee (Local Currency) | CNY per month | ... | ... | ... | ... | 33,609 | 33,038 | 32,374 | 34,337 | 38,805 | ||||||||
| Staff Cost (As % Of Total Cost) | % | ... | ... | ... | 49.5 | 49.8 | 47.8 | 46.2 | 50.4 | |||||||||
| Equity (As % Of Assets) | % | 5.88 | 6.62 | 6.66 | 6.61 | 6.79 | ||||||||||||
| Loans (As % Of Deposits) | % | 73.6 | 77.4 | 73.6 | 76.4 | 82.9 | ||||||||||||
| Loans (As % Assets) | % | 54.7 | 53.5 | 51.8 | 50.0 | 53.0 | ||||||||||||
| NPLs (As % Of Loans) | % | 0.696 | 0.886 | 1.17 | 1.86 | 1.90 | ||||||||||||
| Provisions (As % Of NPLs) | % | ... | ... | ... | 310 | 251 | 222 | 161 | 178 | |||||||||
| Provisions (As % Of Loans) | % | ... | ... | ... | 2.21 | 2.27 | 2.66 | 3.10 | 3.49 | |||||||||
| Cost of Provisions (As % Of Loans) | % | 0.322 | 0.509 | 1.38 | 2.28 | 2.19 |
| other data | Unit | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |
| other data | ||||||||||||||||||
| Branches | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Employees | ... | ... | ... | ... | 59,340 | 68,078 | 75,109 | 76,192 | 70,461 | |||||||||
| ATMs | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||
| Sight (As % Of Customer Deposits) | % | ... | ... | ... | 52.2 | 50.9 | 48.7 | 55.8 | 62.9 | |||||||||
| On-balance Sheet Loans | RMB mil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 2,148,300 | 2,448,800 | 2,739,400 | 3,151,600 |
Get all company financials in excel:
By Helgi Library - October 23, 2019
China Merchants Bank stock traded at JPY 1,645 per share at the end of second quarter of 2019 implying a market capitalization of USD 3,477 mil. Over the last five years, the stock has depreciated by 36.4 implying an annual average growth of -8.65% In abs...
By Helgi Library - October 8, 2019
China Merchants Bank's non-performing loans reached 1.23% of total loans at the end of 2019-06-30, down from 2.06% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.25% in 2017-06-30 and an all time low of 1.23% in 2019-06-30. ...
By Helgi Library - October 8, 2019
China Merchants Bank's non-performing loans reached 1.23% of total loans at the end of 2019-06-30, down from 2.06% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.25% in 2017-06-30 and an all time low of 1.23% in 2019-06-30. ...
By Helgi Library - October 8, 2019
China Merchants Bank made a net profit of CNY 25,372 mil under revenues of CNY 70,329 mil in the second quarter of 2019, up 14.9% and 6.94% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...
By Helgi Library - October 8, 2019
China Merchants Bank made a net profit of CNY 25,372 mil under revenues of CNY 70,329 mil in the second quarter of 2019, up 14.9% and 6.94% respectively when compared to the same period last year. Historically, the bank’s net profit reached an all time high of ...
By Helgi Library - October 8, 2019
China Merchants Bank's loans reached CNY 4,323,500 mil in the second quarter of 2019, up from CNY 4,125,800 mil when compared to the previous quarter and up from CNY 3,877,900 mil when compared to the same period of last year. Historically, the bank�...
By Helgi Library - October 8, 2019
China Merchants Bank's loans reached CNY 4,323,500 mil in the second quarter of 2019, up from CNY 4,125,800 mil when compared to the previous quarter and up from CNY 3,877,900 mil when compared to the same period of last year. Historically, the bank�...
By Helgi Library - October 8, 2019
China Merchants Bank stock traded at HKD 36.0 per share at the end of second quarter of 2019 implying a market capitalization of USD 116,186 mil. Over the last five years, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the...
By Helgi Library - October 8, 2019
China Merchants Bank stock traded at HKD 36.0 per share at the end of second quarter of 2019 implying a market capitalization of USD 116,186 mil. Over the last five years, the stock has appreciated by % implying an annual average growth of 0 %. In absolute terms, the...
By Helgi Library - October 8, 2019
China Merchants Bank generated total banking revenues of CNY 70,329 mil in the second quarter of 2019, up 6.94% when compared to the same period of last year and 0.434% when compared to the previous quarter. Historically, the bank’s revenues containing of int...
China Merchants Bank (CMB) is a China-based commercial bank. It was founded in 1987 and headquartered in Shenzhen, CMB has a leading retail franchise and offers diversified wholesale and retail finance services. The Bank was listed on the SSE in April 2002 and the HKEX in September 2006. At end of 2018, CMB’s total assets amounted to CNY 6.75 bil while loans and total deposits reached CNY 3.94 bil and CNY 4.43 bil respectively.
China Merchants Bank has been growing its revenues and asset by 16.1% and 15.7% a year on average in the last 10 years. Its loans and deposits have grown by 16.0% and 13.5% a year during that time and loans to deposits ratio reached 84.2% at the end of 2018. The company achieved an average return on equity of 19.9% in the last decade with net profit growing 14.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 32.8% in 2018, compared to 38.8% average in the last decade.
Equity represented 8.06% of total assets or 14.5% of loans at the end of 2018. China Merchants Bank's non-performing loans were 1.95% of total loans while provisions covered some 249% of NPLs at the end of 2018.
China Merchants Bank stock traded at HKD 25.2 per share at the end of 2018 resulting in a market capitalization of USD 81,168 mil. Over the previous five years, stock price rose by 140% or 19.1% a year on average. That’s compared to an average ROE of 16.8% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 8.98x and price to book value (PBV) of 1.33x in 2018.
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