According to the Zhitong Finance App, China CITIC Bank (00998) announced results for the third quarter of 2023, with operating income of 50,062 billion yuan, a year-on-year decrease of 3.68%; net profit attributable to the bank's shareholders was about 15.366 billion yuan, up 5.4% year on year; and basic earnings per share of 0.29 yuan.

In January-September, operating income was about 155.947 billion yuan, down 2.65% year on year; net profit attributable to the bank's shareholders was about 51,433 billion yuan, up 9.19% year on year; basic earnings per share of 0.99 yuan. Among them, net interest income was 109.239 billion yuan, down 1.90% year on year, net interest spread 1.82%, down 0.14 percentage points year on year, mainly due to falling interest rates, continued pressure on return on assets, and relatively rigid deposit costs; non-interest net income was 46.708 billion yuan, down 4.37% year on year, mainly due to market factors, a decrease in financial handling fees, and a decrease in net income from investment securities.

According to the announcement, the group's assets and liabilities are growing steadily, loans in key areas are growing well, and services support the improvement of the quality and efficiency of the real economy. As of the end of the reporting period, the Group's total assets were $89220.023 billion, up 4.38% from the end of the previous year. The total amount of loans and advances was $5465.228 billion, up $312.456 billion from the end of the previous year, an increase of 6.06%, or $70.197 billion over the previous year. Among them, corporate loans (excluding discounts), personal loans (excluding credit cards) and credit card loan balances increased by $195.189 billion, $127.888 billion and $12.300 billion respectively over the end of the previous year. As of the end of the reporting period, the Group's total liabilities were $8198.567 billion, up 4.28% from the end of the previous year. Total customer deposits amounted to $5,456.281 billion, an increase of $356.933 billion over the end of the previous year, an increase of 7.00%, and an increase of $66.025 billion over the previous year. Among them, corporate savings and personal deposit balances increased by $196.992 billion and $159.941 billion, respectively, compared with the end of the previous year.

As of the end of the reporting period, the group's non-performing loan balance and non-performing loan ratio “rose and fell” compared to the end of the previous year, and the asset quality remained basically stable. As of the end of the reporting period, the group's non-performing loan balance was 66.801 billion yuan, up 1,588 billion yuan from the end of the previous year; the non-performing loan ratio was 1.22%, down 0.05 percentage points from the end of the previous year; the provision coverage rate was 209.51%, up 8.32 percentage points from the end of the previous year; and the loan provision ratio was 2.56%, up 0.01 percentage points from the end of the previous year.

As of the end of the reporting period, the Group's core Tier 1 capital adequacy ratio was 8.81%, up 0.07 percentage points from the end of the previous year; the Tier 1 capital adequacy ratio was 10.59%, down 0.04 percentage points from the end of the previous year; and the capital adequacy ratio was 12.65%, down 0.53 percentage points from the end of the previous year. The Bank's core Tier 1 capital adequacy ratio was 8.42%, up 0.09 percentage points from the end of the previous year; the Tier 1 capital adequacy ratio was 10.29%, down 0.04 percentage points from the end of the previous year; and the capital adequacy ratio was 12.42%, down 0.62 percentage points from the end of the previous year.