(Bloomberg) -- China Minsheng Banking Corp., the
nation's first privately owned bank, said first-half profit
surged more than 60 percent as it extended more loans and demand
for services such as wealth management increased.
The bank, in a statement to the Shanghai exchange, didn't
provide a figure for first-half profit and said its growth
estimate was based on unaudited numbers. Minsheng posted a profit
of 1.73 billion yuan ($228 million) in last year's first half.
Read more at Bloomberg Emerging Markets News
nation's first privately owned bank, said first-half profit
surged more than 60 percent as it extended more loans and demand
for services such as wealth management increased.
The bank, in a statement to the Shanghai exchange, didn't
provide a figure for first-half profit and said its growth
estimate was based on unaudited numbers. Minsheng posted a profit
of 1.73 billion yuan ($228 million) in last year's first half.
Read more at Bloomberg Emerging Markets News
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