Brief: Huishang Bank Sees HY Net Profit Of Group To Be About RMB5 Bln

Huishang Bank

25/07/2019 11:08

July 25 (Reuters) - Huishang Bank Corp Ltd  3698.HK :
    * ESTIMATES FOR SIX MONTHS NET PROFIT OF GROUP WILL BE
APPROXIMATELY RMB5 BILLION
    * EXPECTED RESULT DUE TO STEADY INCREASE IN INTEREST-EARNING
ASSETS TO EFFECTIVELY PROMOTE INCREASE IN OPERATING INCOME OF
BANK
    * ESTIMATES THAT, FOR SIX MONTHS ENDED JUNE 30, 2019,
COST-TO-INCOME RATIO OF GROUP WILL BE ABOUT 22%
    * ESTIMATES AS AT JUNE 30 NON-PERFORMING LOAN RATIO WILL BE
APPROXIMATELY 1.03%
    * ESTIMATES THAT, FOR SIX MONTHS ENDED JUNE 30, 2019, RETURN
ON
AVERAGE EQUITY WILL BE NO LOWER THAN 15%

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS3PpZ1g
Further company coverage:  3698.HK 

 ((Reuters.Briefs@thomsonreuters.com;))