March 20, 2020 / 11:00 AM / 14 days ago

BRIEF-China Merchants Bank Says FY Net Profit Attributable Of RMB92,867 Mln

March 20 (Reuters) - China Merchants Bank Co Ltd :

* FY NET PROFIT ATTRIBUTABLE RMB92,867 MILLION VERSUS RMB80,560 MILLION

* PROPOSES DIVIDEND OF RMB1.20 PER SHARE FOR 2019

* FY NET OPERATING INCOME RMB269,788 MILLION VERSUS RMB248,444 MILLION

* AS AT DEC 31, TIER 1 CAPITAL ADEQUACY RATIO 12.69%

* AS AT DEC 31, NON-PERFORMING LOAN RATIO 1.16%

* FY NET INTEREST MARGIN 2.59%

* QUALITY OR YIELDS OF CREDIT ASSETS & INVESTMENT ASSETS WILL BE UNDERMINED TO CERTAIN DEGREE DUE TO CORONAVIRUS IMPACT ON ECONOMY

* IN 2020, TOGETHER WITH IMPACT OF COVID-19 PANDEMIC, CO’S ASSET QUALITY MANAGEMENT WILL BE FACED WITH CHALLENGES Source text for Eikon: Further company coverage:

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