China 2015: BRAND PROFILE | 15. China Merchants Bank
COMPANY China Merchants Bank Company, Ltd.
BRAND VALUE US$ 5.7 Billion
YEAR-ON-YEAR CHANGE -16% HEADQUARTERS Shenzhen
YEAR FORMED 1987
China Merchants Bank significantly expanded its online banking business during the first half of 2014, with 582 million retail transactions, up almost 38 percent year- on-year. The corporate online businesses increased significantly too.
Customers downloaded over 40 million Merchants Bank mobile apps. And mobile banking reached a rate of 55 million login times per month. The total number of mobile login times in the first half of 2014 reached almost 274 million, a year-on-year increase of over 182 percent.
China Merchants Bank maintains branches in Hong Kong and Singapore, and offices in New York, London, and Taipei. Established in 1987, China Merchants Bank was listed on the Shanghai Stock Exchange in 2002, and on the Hong Kong Stock Exchange in 2006.
Net income for the first half of 2014 improved 16 percent to $4.9 billion on revenue of $22.4 billion, up 42 percent. For the full year 2013, net income rose 17 percent to $8.4 billion on a 22 percent revenue rise to $34.1 billion.