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Finance: Minsheng bank sees growth

(Shanghai Daily)
Updated: 2007-02-01 14:35

China Minsheng Banking Corp expects a 40 percent profit growth in 2006 due to increases in revenue from all types of business, the bank said yesterday in its preliminary earnings statement to the Shanghai Stock Exchange.

The bank did not release a profit figure. The Beijing-based bank reported 2.7 billion yuan (US$347 million) in 2005 net income, or 0.37 yuan a share. The bank is due to announce its 2006 performance on March 2.


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