Minsheng Bank net profit of 8.8 billion yuan in the first half

11th, Minsheng Bank (600016) released 2010.5 Annual report, the first half of the Minsheng bank to achieve the ownership of the parent company's net profit of 8.866 billion yuan, an increase of 20.23%, if the first half of last year to dispose of the shares of Haitong Securities investment income to the net profit contribution,　　Minsheng Bank's net profit rose nearly 140% in the first half of this year. Results showed that by the end of June this year, Minsheng bank assets amounted to 16,307, 7.6 billion yuan, increased by 2,043 to 8.4 billion yuan last year, loans and advances amounted to 9,548 4.6 billion yuan, which increased by 71.867 billion yuan last year.　　In the first half of this year, Minsheng Bank achieved basic earnings per share of 0.40 yuan, weighted average net assets yield (annual) reached 19.18%. The company said that the sharp increase in net profit from Minsheng was mainly due to a sharp increase in net interest income and net non-interest income. In the first half of this year, Minsheng Bank net interest income was 21.165 billion yuan, an increase of 7.215 billion yuan, an increase of 51.72%. The increase in net interest income mainly stems from the expansion of asset-bearing assets and the rise of net spreads. In the first half of this year, Minsheng Bank interest-bearing assets of the average balance of 14,518, 7.8 billion yuan, an increase of 3,034, 5.9 billion yuan, net spreads reached 2.92%, year-on-year growth of 0.49%.　　The sharp increase in net spreads comes from an increase in average yields on interest-bearing assets and a fall in the cost of deposits, with the average yield on Minsheng assets at 4.37% in the first half of the year, up 0.08% per cent year-on-year, and the average cost of debt at 1.57%, down 0.41% per cent year-on-year. In the first half of this year, Minsheng Bank achieved net non-interest income of 4.921 billion yuan, accounting for the proportion of operating income to 18.86%.　　The main growth points are financial consultancy business, finance business, trade financing business, trusteeship and other entrusted business.　　Minsheng Bank related personage pointed out that, in 4.921 billion yuan net non-interest income, Minsheng Bank's real estate, the energy, the transportation and the Metallurgy four Professions Finance Division and the Trade Finance Division's proportion surpasses half, the division has become the Minsheng Bank company business Net non-interest income main source.　　In the first half, Minsheng Bank's asset quality continued to maintain a good posture, the non-performing loan ratio at the end of June was 0.79%, down 0.05% from the end of last year, and the provision coverage was 229.42%, which was increased by 23.38%.　　The development of the characteristic business is rapid in the first half of this year, private enterprise, small micro enterprise and high-end customer business of Minsheng Bank. In the first half of the year, Minsheng Bank accumulated loans to private enterprises 1,680.1.5 billion yuan; at the end of June, Minsheng Bank has the balance of private enterprise loans 6,324 households, loan balance of 3,520 4.7 billion yuan, respectively, compared to the beginning of the increase of 49% and 24%. By the end of June, Minsheng Bank SME loan balance of 59.197 billion yuan, an increase of 25.017 billion yuan at the beginning of the period, bigIncreases by 73.19%.　　The new loan weighted average interest rate reached 6.19%, equivalent to the benchmark interest rate floating 19.16%. In the first half of this year, retail loans for Minsheng Bank grew rapidly, with a retail loan balance of 2,100 per cent at the end of June, up 3.44% from a year earlier, with the main growth coming from loan "credit" for small micro-enterprises.　　At the end of June, the loan balance of "commercial loan" was 87.268 billion yuan, which increased by 42.459 billion yuan and grew 94.76%. In the "Bank for high-end clients", the number of high-end retail customers and the asset scale of CMBC are growing rapidly. By the end of June, people's livelihood platinum, diamonds, unlimited credit cards accumulated up to 280,000, more than the end of the last 107,000, the number of high-end credit card customers in the country, the first half of Minsheng Bank's private bank new construction franchise 4, a total of 16. By the end of June, the wealth assets of private banks had reached 33.7 billion yuan, an increase of 8.3 billion yuan from the end of last year.