UPDATE 2-China's Merchant Bank trumps Q2 expectations

Newswire

(Adds analyst and company comments, details) By Ben Blanchard and George Chen SHANGHAI, Aug 18 (Reuters) - Merchants Bank Co. Ltd. posted its eighth straight quarter of double-digit earnings growth on Thursday, beating expectations as its lending was less affected by nationwide curbs on credit. China's largest domestically listed lender posted a net profit of 1.08 billion yuan ($133.3 million) in the April-June quarter, up 23 percent from 878.7 million yuan a year ago. Revenue rose ...

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