China Minsheng Banking First-Half Net Profit Up 3.2%

China Minsheng Banking Corp. Ltd. (1988.HK) on Monday reported a 3.2% rise in first-half net profit, partly due to a drop in impairment loss on loans.

The Chinese bank said its net profit for the six months ended June rose to 28.09 billion yuan (US$4.24 billion) from CNY27.22 billion a year earlier. Net interest income fell 13% from a year earlier to CNY41.12 billion.

The bank plans to distribute cash dividends of CNY1.2 for every ten shares.

Write to Chester Yung at

(END) Dow Jones Newswires

August 28, 2017 11:17 ET (15:17 GMT)