Both the revenue and net profit of Bank of Jiangsu in the first quarter rose by more than 10%, and the provision coverage rate declined

Both the revenue and net profit of Bank of Jiangsu in the first quarter rose by more than 10%, and the provision coverage rate declined
07:43, April 26, 2024 Surging news
 Bank of Jiangsu Visual China Information Map Bank of Jiangsu Visual China Information Map

   Bank of Jiangsu (600919. SH) The operating income and net profit of the first quarter rose by more than 10%.

The report of the first quarter of 2024 (hereinafter referred to as "the report") disclosed by Bank of Jiangsu on the evening of April 25 shows that in the first quarter of 2024, Bank of Jiangsu realized an operating income of 20.999 billion yuan, up 11.72% year on year; The net profit attributable to the parent company was 9.042 billion yuan, up 10.02% year on year. By the end of March 2024, the total assets of Bank of Jiangsu had reached 3669.83 billion yuan.

 Source of financial indicators for the first quarter of Bank of Jiangsu: 2024 first quarter report of Bank of Jiangsu Source of financial indicators for the first quarter of Bank of Jiangsu: 2024 first quarter report of Bank of Jiangsu

In terms of asset quality, the report disclosed that by the end of March 2024, the non-performing loan ratio of Bank of Jiangsu was 0.91%, which was the same as that at the end of last year; The provision coverage rate was 371.22%, down 6.91 percentage points from the end of last year.

In terms of capital adequacy ratio, the report shows that by the end of March 2024, the capital adequacy ratio, tier one capital adequacy ratio and core tier one capital adequacy ratio of Bank of Jiangsu were 12.82%, 10.84% and 9.18% respectively.

The 2023 Annual Report of Bank of Jiangsu (hereinafter referred to as "Annual Report") was also disclosed on the same day.

The annual report shows that in 2023, Bank of Jiangsu will achieve an operating revenue of 74.293 billion yuan, up 5.28% year on year; The net profit attributable to the parent company was 28.75 billion yuan, up 13.25% year on year.

 Source of financial indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu Source of financial indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu

Specifically, in 2023, Bank of Jiangsu will achieve a net interest income of 52.645 billion yuan, up 0.73% year on year; The net income from handling fees and commissions was 4.276 billion yuan, down 31.6% year on year. Operating expenses amounted to 35.541 billion yuan, down 6.22% year on year.

In terms of assets and liabilities, the annual report disclosed that by the end of 2023, Bank of Jiangsu had total assets of 3403.362 billion yuan, up 14.2% year on year; Total liabilities amounted to 314.4246 billion yuan, up 13.72% year on year.

 Source of scale indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu Source of scale indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu

Specifically, by the end of 2023, the balance of various deposits of Bank of Jiangsu had reached 1875.335 billion yuan, an increase of 15.39% over the end of the previous year; The balance of various loans was 1801.797 billion yuan, an increase of 12.32% over the end of the previous year.

In terms of asset quality, the annual report shows that by the end of 2023, the non-performing loan balance of Bank of Jiangsu had reached 16.442 billion yuan, with a non-performing loan ratio of 0.91%, down 0.03 percentage points from the end of the previous year; The provision coverage rate was 378.13%, 6.47 percentage points higher than that at the end of last year.

 Source of asset quality indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu Source of asset quality indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu

In terms of industries, in 2023, the top three industries in terms of non-performing loan ratio of Bank of Jiangsu were real estate, wholesale and retail, and personal business loans. The non-performing loan ratio was 2.54%, 1.92%, and 1.79%, respectively, up 0.67 percentage points, down 0.61 percentage points, and up 0.28 percentage points compared with the same period last year.

In terms of capital adequacy ratio, by the end of 2023, the capital adequacy ratio of Bank of Jiangsu at all levels had increased. Specifically, by the end of 2023, the capital adequacy ratio, tier one capital adequacy ratio and core tier one capital adequacy ratio of Bank of Jiangsu were 13.31%, 11.25% and 9.46%, respectively 0.24 percentage points, 0.38 percentage points and 0.67 percentage points higher than the end of last year.

 Source of capital adequacy ratio indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu Source of capital adequacy ratio indicators of Bank of Jiangsu in 2023: Annual report of Bank of Jiangsu

Bank of Jiangsu, headquartered in Nanjing, was listed on January 24, 2007 and listed on the Shanghai Stock Exchange in August 2016. It is one of the 20 systemically important banks in China.

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Editor in charge: Zhang Wen

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