China Merchants Bank posts 6.2% profit uptick in 2023 despite revenue decline

China Merchants Bank (CMB) shrugged off a 1.64% year-on-year drop in revenue to Rmb339.1 billion ($46.9 billion), to post a 6.2% increase in after tax profit of Rmb146.6 billion, in its 2023 annual results, from January 1 to December 31 (FY 2023).