Huishang Bank (03698) announced its 2023 annual results. The bank achieved operating revenue of 36.365 billion yuan (...
According to the Zhitong Finance App, Huishang Bank (03698) announced its 2023 annual results. The bank achieved operating income of 36.365 billion yuan (RMB, same below), an increase of 135 million yuan over the same period last year, an increase of 0.37%; net profit was 14.991 billion yuan, an increase of 1,308 billion yuan over the same period last year, an increase of 9.56%. Net profit attributable to the bank's shareholders was 14.433 billion yuan, an increase of 7.73% over the previous year.
As of December 31, 2023, the bank's total assets were 1806.144 billion yuan, an increase of 225.908 billion yuan over the end of the previous year, an increase of 14.30%. Among them, total customer loans and advances amounted to $874.223 billion, an increase of $109.914 billion over the end of the previous year, or 14.38%. Total liabilities amounted to $1659.417 billion, an increase of 20.03 billion yuan over the end of the previous year, or 13.86%. Among them, the total amount of customer deposits was 1020.058 billion yuan, an increase of 126.02 billion yuan over the end of the previous year, an increase of 14.09%.
By the end of 2023, the bank's non-performing loan balance was $11.022 million, down 339 million yuan from the end of the previous year; the non-performing loan ratio was 1.26%, down 0.23 percentage points from the end of the previous year; the non-performing loan provision coverage rate was 271.94%, down 4.63 percentage points from the end of the previous year.