Huishang Bank (03698) announced that according to preliminary estimates, for the year ended December 31, 2023, the group...
Zhitong Finance App News, Huishang Bank (03698) announced that according to preliminary estimates, for the year ended December 31, 2023, the group's comprehensive management strength increased steadily, with total assets exceeding RMB 1.8 trillion, an increase of 14.30%; operating income of about RMB 36.365 billion, achieving positive growth; net profit of about RMB 14.991 billion, an increase of 9.56%; the level of capital adequacy was further increased, with a capital adequacy ratio of 9.14%, up 0.54 percentage points from the end of the previous year, and the capital adequacy ratio was 13.21%. At the end of the previous year, there was an increase of 1.19 percentage points; asset quality improved markedly; the non-performing loan ratio was 1.26%, down 0.23 percentage points from the end of the previous year; risk offsetting capacity was sufficient, and the non-performing loan provision coverage rate was 271.94%.
According to currently available data, the bank believes that the main reasons for the Group's positive performance in 2023 are: always adhering to the development concept of serving the real economy, continuously increasing credit investment, and continuing to grow in the size of interest-bearing assets; continuously optimizing the asset structure and broadening capital replenishment channels; increasing the disposal of non-performing assets through various measures to fundamentally improve internal management, with remarkable results.