China Minsheng Banking Q3 Profit Falls 18%
Rules for the normalization of existing house loan interest rates have arrived! Understand it in one article.
①Preliminary statistics show that as of October 28, 21 nationwide banks have completed batch adjustments, totaling 53.667 million transactions, reducing the outstanding housing loan interest rates by 25.2 trillion yuan. ②After this round of batch adjustments, the interest rates for existing housing loans have been reduced to 3.3%. If the gap between existing and new housing loan rates is greater than 30 basis points, it will drive a new round of reductions in existing housing loan rates.
Express News | China Minsheng Banking - Updates in Relation to Progress of Litigation
The operating conditions of the six major state-owned banks in the first three quarters have all been revealed, with a total net profit attributable to the parent company exceeding 1 trillion, earning 3.867 billion per day, and the overall asset quality i
As of October 30, the quarterly reports of state-owned major banks have all been disclosed. Among the six state-owned major banks, the revenues of ICBC, ABC, and BOC for the first nine months year-on-year. Bank of Communications, Agricultural Bank of China, China Construction Bank showed that the proportion of time deposits is still rising.
minsheng bank (01988.HK) net income for the first three quarters decreased by 9.21% to 30.486 billion yuan.
Grain News October 30th, minsheng bank (01988.HK) announced that in the first three quarters of 2024, the group achieved revenue of 101.66 billion yuan, a year-on-year decrease of 4.644 billion yuan, a decrease of 4.37%, a decrease narrowing by 1.80 percentage points compared to the first half of the year; achieving a net income attributable to shareholders of the bank of 30.486 billion yuan, a year-on-year decrease of 3.091 billion yuan, a decrease of 9.21%; achieving net interest income of 73.743 billion yuan, a year-on-year decrease of 3.465 billion yuan, a decrease of 4.49%, mainly affected by a narrowing of 8 basis points in net interest margin; achieving non-interest net income of 279.
Express News | China Minsheng Banking - as at Sept 30, Core Tier-One Capital Adequacy Ratio 5%
