China Merchants Bank Co Ltd 2017 AR2
The report highlights China Merchants Bank's financial and operational performance for the fiscal year 2017. The bank achieved a net profit attributable to shareholders of RMB 70.150 billion, representing a 13.00% year-on-year growth, while its non-performing loan ratio decreased to 1.61%. Strategically positioning itself as a 'Digital Bank,' the company accelerated its Fintech transformation, launching the CMB APP 6.0 and establishing a special Fintech Innovation Project Fund. Additionally, the bank expanded its green finance initiatives, reaching a green credit balance of RMB 157.103 billion, and actively supported targeted poverty alleviation and public welfare projects.
Company: China Merchants Bank Co Ltd
Sector: Finance & insurance
Country: China
Year: 2017
Type: AR2
Pages: 286
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China Merchants Bank Co Ltd
Annual Report
The report highlights China Merchants Bank's financial and operational performance for the fiscal year 2017. The bank achieved a net profit attributable to shareholders of RMB 70.150 billion, representing a 13.00% year-on-year growth, while its non-performing loan ratio decreased to 1.61%. Strategically positioning itself as a 'Digital Bank,' the company accelerated its Fintech transformation, launching the CMB APP 6.0 and establishing a special Fintech Innovation Project Fund. Additionally, the bank expanded its green finance initiatives, reaching a green credit balance of RMB 157.103 billion, and actively supported targeted poverty alleviation and public welfare projects.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women on Board
Employees