China Merchants Bank Q2 2024 Earnings Report

China Merchants Bank EPS Results

• Actual EPS: $0.95
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

China Merchants Bank Revenue Results

• Actual Revenue: $11.84 billion
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

China Merchants Bank Announcement Details

• Quarter: Q2 2024
• Date: 8/29/2024
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

China Merchants Bank (OTCMKTS:CIHKY) (OTCMKTS: CIHKY) is a major Chinese commercial bank headquartered in Shenzhen. Established in 1987 as one of the country’s early joint-stock commercial banks, it has grown into a full-service banking group serving individual, small and medium-sized enterprise (SME), and corporate clients. The bank is part of the broader China Merchants Group ecosystem and maintains listings on domestic and international exchanges to facilitate investor access.

The bank’s core businesses encompass retail banking, corporate and commercial banking, private banking and wealth management, credit cards, transaction banking and trade finance, treasury and markets, and asset management. China Merchants Bank offers deposit and lending products, payment and settlement services, investment and advisory solutions, structured finance and syndicated loans, as well as digital and mobile banking platforms designed to serve both urban consumers and corporate clients. Its product set is geared toward supporting domestic economic activity and facilitating cross-border business for corporate customers.

China Merchants Bank operates an extensive domestic branch network across mainland China and maintains overseas branches and subsidiaries to support international trade and client needs. Over its history the bank has emphasized retail innovation and the expansion of electronic banking channels, while operating under the regulatory framework applicable to commercial banks in China. Governance is provided by a board of directors and an executive management team responsible for strategy, risk management and regulatory compliance.