Bank of Tianjin (01578) announced its 2023 annual results. The group achieved net interest income of 11.42 billion yuan during the period...
According to the Zhitong Finance App, Bank of Tianjin (01578) announced its 2023 annual results. The group obtained net interest income of 11.42 billion yuan (RMB, same below) during the period, a year-on-year decrease of 0.5%; operating income of 16.456 billion yuan, an increase of 4.4%; profit attributable to equity holders of 3.76 billion yuan, an increase of 5.5% over the previous year; and a basic profit of 0.62 yuan per share.
As of the end of the reporting period, the bank's total assets were $840.77 billion, up 10.5% from the end of the previous year, with a loan balance of $396.01 billion, up 17.4% from the end of the previous year.
By the end of the reporting period, the bank's non-performing loan ratio was 1.70%, down 0.14 percentage points from the end of the previous year; the provision coverage rate was 167.86%, up 8.59 percentage points from the end of the previous year. Fight the “revenue battle” and seek benefits from the “three amounts” to achieve interest income of 31.21 billion yuan, an increase of 2.7% year on year; investment income of 2.93 billion yuan, up 84.6% year on year; and net profit margin of 1.75%, an increase of 0.02 percentage points year on year. Fight the “cost battle” and enhance core competitiveness. The customer deposit interest rate was 2.89%, down 0.07 percentage points from the previous year. Fight the “deposit battle” to effectively guarantee liquidity safety and loan investment capacity. Under the premise of effectively reducing high-cost deposits, the bank's deposit balance was 45.69 billion yuan, up 13.3% from the end of the previous year. Among them, the company's deposit balance was 263.55 billion yuan, up 6.5% from the end of the previous year, and the personal deposit balance was 165.80 billion yuan, up 18.4% from the end of the previous year. Fighting the “litigation campaign” to maintain brand reputation and asset safety, the number of cases completed by the bank increased by 129.4% over the same period last year.