Chongqing Rural Commercial Bank (03618) said its net profit attributable to shareholders for the first quarter of 2017 rose 10.71% year-on-year to Rmb2,428 million.
Basic earnings per share were Rmb0.26.
Net interest income grew 2.43% year-on-year to Rmb5,109 million; annualized net interest margin decreased by 30 basis points year-on-year to 2.66%, with a quarter-over-quarter growth of 4 basis points.
The outstanding balance of non-performing loans increased by Rmb117 million to Rmb2,990 million as compared with the end of the previous year; the non-performing loan ratio is 0.96% which is the same as last year.
The core Tier 1 capital adequacy ratio, the Tier 1 capital adequacy ratio and the capital adequacy ratio of the Group recorded at 9.92%, 9.93% and 12.72% respectively as at the end of the reporting period, representing an increase of 0.07, 0.07 and 0.02 percentage point respectively as compared to the end of the previous year.
27/04/2017 17:12
CQRC Bank (03618) 1Q net profit up 10.7% to Rmb2.43bn
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