China Merchants Bank Co Ltd 2020 AR2
The report highlights China Merchants Bank's performance in 2020, achieving a net profit of RMB 97.342 billion, up 4.82% year-on-year, and a non-performing loan ratio of 1.07%. The bank actively supported COVID-19 relief efforts by establishing a RMB 10 billion special credit facility and underwriting the first batch of pandemic prevention bonds in China. In terms of green finance, the bank's green loan balance reached RMB 207.133 billion, representing a 17.17% increase from the previous year. Additionally, the bank successfully lifted its two designated poverty-stricken counties in Yunnan Province out of poverty.
Company: China Merchants Bank Co Ltd
Sector: Finance & insurance
Country: China
Year: 2020
Type: AR2
Pages: 330
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China Merchants Bank Co Ltd
Annual Report
The report highlights China Merchants Bank's performance in 2020, achieving a net profit of RMB 97.342 billion, up 4.82% year-on-year, and a non-performing loan ratio of 1.07%. The bank actively supported COVID-19 relief efforts by establishing a RMB 10 billion special credit facility and underwriting the first batch of pandemic prevention bonds in China. In terms of green finance, the bank's green loan balance reached RMB 207.133 billion, representing a 17.17% increase from the previous year. Additionally, the bank successfully lifted its two designated poverty-stricken counties in Yunnan Province out of poverty.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees