CMB's first three-quarter net profit pre-increase by 50%

China Merchants Bank (600036.　　SH,03968.HK, hereinafter called the "CMB", announced today that the bank's 2010 1 ~ September Net profit rose more than 50% from a year earlier.　　ICBC said that the increase in performance is due to the company's business development, increase in spreads, cost control effective, asset quality continues to be good.　　ICBC scheduled to release the three quarterly financial report on October 30, according to the six months prior to the release of the first half of 2010 net profit reached 13.203 billion yuan, an increase of 59.8% per cent, and the merchant bank 2009 years ago three quarter net profit of 13.078 billion yuan. While the bank is still one of the best managed domestic banks, it finds it difficult to maintain a premium valuation relative to its peers because it is shrinking its lead on equity returns, and the bank's core capital adequacy ratio, at the end of June this year, is 8.05%, still low,　　So the bank may slow down its future loan growth, or it will have a new round of financing next year, and the main reason for CMB's past high return on equity is a relatively low core capital adequacy ratio. Recently, a source confirmed that the central bank raised ICBC, ABC, BOC, CCB and the Bank of Minsheng Bank, CMBC 6 Banks deposit reserve ratio of 0.5%. The Hong Kong Merchants Bank shares fell 0.43% to 13.84 yuan yesterday, and the H shares closed down to HK $21.10.