Loan Limited Car loans to supplement the first half of the CMB net profit soared 60%

China Merchants Bank announced its results for the first half of 2010.　　Data show that the bank in the first half of this year attributable to shareholder net profit of 13.203 billion yuan, a year-on-year increase of 59.8%.　　In the revenue structure, the first half of the bank to achieve net interest income of 26.343 billion yuan, an increase of 7.72 billion yuan, an increase of 41.45%, the annual average net interest yield of 2.56%; non-interest net income 6.591 billion yuan, an increase of 541 million yuan, an increase of 8.94%. Semi-annual reports show that, as the first half of the mortgage business by macro-policy impact of weak growth, the bank in the personal car loans, personal business loans and personal commercial housing loans and other non-mortgage business, began exerting force. As at the end of June, the proportion of non-housing mortgage loans to new retail loans increased to 52.06%. The rapid growth of this block of business has led to an increase in retail lending throughout the world.　　As of June 30, 2010, retail loans amounted to 433.242 billion yuan, up 17.54% from the end of last year, while the total amount of personal housing mortgage loans was only 11.4% per cent higher than last year.　　Although the incremental structure has changed, but in the stock structure of the bank's mortgage business still occupies nearly 70% of the total retail loans, the basic pattern of retail business remains stable. In Small business loans, the bank continued its "two transition" strategic thinking. By the end of June 2010, the total amount of SME loans in China Merchants Bank reached RMB 351.119 billion, which grew by about 42.749 billion yuan and an increase of 13.86%. At the same time, the quality of SME loan assets increased further, the non-performing rate was 1.44%, down 0.4% from the end of last year.　　As of June 30, 2010, the CMB Small Business Credit Center has set up 26 branches, the Small Business Credit Center has accumulated a loan of 14.91 billion yuan, the loan balance reached 11.312 billion yuan, increased by 5.8 billion yuan from the end of last year; the average loan rate rises 22% and non-performing loans remain zero. Since the launch of the 20 two-level branch network last year, CMB's board yesterday again approved a new plan to establish 10 village and township banks. According to the plan, the first batch of China Merchants Bank will start 6 village and township Banks (east, Central and Western 2), the remaining 4 according to the situation separately.