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Chinese banks to see greatly lower net

Business | Banking
2009-2-4

CHINESE banks will report "substantially" slower profit growth in 2009 because of weaker loan demand, narrower margins and rising credit costs, according to China Merchants Bank Co President Ma Weihua. China Merchants...

China Merchants Bank sells major bond package

Business | Banking
2008-9-6

CHINA Merchants Bank Co has sold 30 billion yuan (US$4.41 billion) of bonds to institutional investors to raise its capital adequacy ratio. The lender finished its biggest bond sale on Thursday by selling 19 billion...

Bank sells bonds for capital ratio

Business | Banking
2008-9-5

THE China Merchants Bank Co has sold 30 billion yuan (US$4.4 billion) worth of bonds to institutional investors to raise its capital adequacy ratio. The lender finished its biggest ever bond sale yesterday by selling...

Bank plans for London and Taipei

Business | Banking
2008-8-20

CHINA Merchants Bank Co will open representative offices in London and Taipei to bolster its overseas presence, the bank said yesterday. The Shenzhen-based institution will begin preparation work this year. ...

Bank earnings up

Business | Banking
2008-8-19

CHINA Merchants Bank Co, the biggest bank in southern China, more than doubled first-half profit as it improved loan margins and maintained fees from credit cards, withstanding government attempts to cool lending growth....

No pitfalls expected in major bank acquisition

Business | Banking
2008-8-14

CHINA Merchants Bank Co, set to acquire Hong Kong's Wing Lung Bank Ltd in a US$4.66-billion deal, said it was confident it would secure regulatory approvals after extending the completion deadline. "We are still...

Big bank deal backed

Business
2008-6-29

CHINA Merchants Bank shareholders have approved a share purchase worth more than 17 billion yuan (US$2.5 billion) in the Hong Kong-based Wing Lung Bank. Earlier this month, CMB announced signing an agreement with...

No job losses in integration deal

Business | Banking
2008-6-21

CHINA Merchants Bank Co plans to spend about two to three years to integrate with Wing Lung Bank after agreeing to buy the Hong Kong-based lender for HK$19.3 billion (US$2.5 billion). CMB will ensure the stability...

Merchants to take time integrating Wing Lung

Business
2008-6-20

CHINA Merchants Bank Co plans to spend two to three years to integrate Wing Lung Bank after agreeing to buy the Hong Kong-based lender for 19.3 billion Hong Kong dollars (US$2.5 billion). Merchants Bank will ensure...

Merchants Bank clinches control of Wing Lung

Business | Banking
2008-6-14

CHINA Merchants Bank Co, the nation's most profitable lender, agreed to pay HK$19.3 billion (US$2.5 billion) in cash for control of Hong Kong's Wing Lung Bank Ltd in the city's biggest banking acquisition in seven...