China Minsheng Banking Corp. (1988.HK) said late Wednesday its first-quarter net profit rose 3.6% from a year earlier, partly thanks to lower operating expenses.
The Chinese bank said its net profit for the three months ended March 31 rose to 14.20 billion yuan ($2.06 billion) from CNY13.71 billion a year earlier, while its first-quarter total operating income fell 9.7% on year to CNY36.23 billion.
Continue Reading Below
As at the end of March, the bank's non-performing loan ratio was 1.68%, same as the previous year, it said.
Write to Chester Yung at firstname.lastname@example.org
(END) Dow Jones Newswires
April 26, 2017 20:55 ET (00:55 GMT)