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China Merchants Bank H1 net profit drops 37.62%

China Merchants Bank (CMB), the country's sixth largest lender, had a net profit of 8.26 billion yuan (US$120.9 million) in the first half of this year.

CMB plans to double private banking network

China Merchants Bank plans to nearly double its high-end private banking network in China this year on the back of country's recovering economic growth.

China Merchant Bank opens London rep office

China Merchants Bank opened its representative office in London yesterday as it made its first step to tap the European market.

CMB to raise funds via bond, share sales

China Merchants Bank (CMB), the country's sixth-largest bank, is set to raise funds through bond and share sales this year to help cover the rapidly depreciating value of its holdings in recently acquired Wing Lung Bank of Hong Kong, a top bank executive said.

China Merchants Bank net income jumps 38%

The net profit of China Merchants Bank, the nation's fifth-largest lender by market value, jumped 38.27 percent to 21.08 billion yuan (US$3.1 billion) last year from a year ago, according to its annual report released on Saturday.