China Merchants Bank's non-performing loans reached 1.23% of total loans at the end of 2019-06-30, down from 2.06% compared to the previous year. Historically, the NPL ratio hit an all time high of 2.25% in 2017-06-30 and an all time low of 1.23% in 2019-06-30.
Provision coverage amounted to 377% at the end of 2019-06-30, up from 219% compared to a year earlier.
The bank created loan loss provisions worth of 1.26% of average loans in 2019-06-30. That's compared to 1.60% of loans the bank put aside to its cost on average in the last five years.
Comparing China Merchants Bank with its closest peers, Industrial & Commercial Bank of China operated at the end of 2019-06-30 with NPL ratio of 1.59% and provision coverage of 161%, China Construction Bank with 1.44% and 216% respectively and China CITIC Bank had 2.33% of bad loans covered with 122% by provisions at the end of 2019-06-30.
You can see all the bank’s data at China Merchants Bank Profile, or you can download a report on the bank in the report section.
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