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Banking on profit

CHINA Merchants Bank's net profit last year rose 38.27 percent to 21.08 billion yuan (US$3.08 billion). The nation's sixth-largest lender said profit growth for the first nine months of the past year was 90 percent. Its revenue rose 35 percent to 55.31 billion yuan and earnings per share was 1.43 yuan, up 37.5 percent year on year, according to a preliminary statement ahead of a more detailed report due on April 25.


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