China Merchants Bank (CMB, 600036.SH), the country's leading private bank, saw its net profits amount to 80.56 billion yuan (about 11.87 billion U.S. dollars) in 2018, representing a year on year increase of 14.84 percent or 10.41 billion yuan, according to the bank’s filling to the Hong Kong Exchange.
CMB achieved operating income of 248.656 billion yuan (about 36.64 billion U.S. dollars) in 2018, up 12.57 percent year on year.
The bank's total assets climbed 7.12 percent from a year earlier to about 6.75 trillion yuan by the end of 2018, up 7.12percent year on year, while its total liabilities surged 6.67 percent year on year to about 6.2 trillion yuan.
The bank's non-performing loan ratio fell 0.25 percentage point to 1.36 percent as compared to the end of 2017, showing the improving asset quality.
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