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HUISHANG BANK (03698) sees FY19 profit up 13%
22 Jan 2020
(Infocast News) Huishang Bank (03698) said the net profit of the group was RMB10 billion for the year ended December 31, 2019, representing an YoY increase of 13%; the cost-to-income ratio of the group was 23%.

The increase in the net profit was mainly attributable to (1) the constant increase in interest-earning assets to drive the increase in the operating income of the bank in light of adhering to the development philosophy of serving real economy; and (2) continuously strengthening comprehensive risk management to maintain on-going and sound operation.

(WL)
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