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Minsheng Bank looks to yuan bond sale

08-18-2010 13:52 BJT

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China Minsheng Bank is considering a 15 billion yuan subordinated bond issue, to shore up its capital base. The bond issue will be on top of the 5.6 billion yuan subordinated bond sale plan Minsheng announced earlier this year.

The lender expects its bad loan ratio to stabilize at the current level in the second half of the year, and its net interest margin to be flat or higher. The bank president said in May Minsheng could lift its capital adequacy ratio to around 12 percent after selling bonds.

For the first half of this year, the lender's profit grew 20 percent year on year, thanks to steady increases in new loans.

Editor:Xiong Qu |Source: CNTV.CN

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