Date
17 November 2018

Chongqing Rural Commercial Bank 3Q profit up 12.7%, filing says

Chongqing Rural Commercial Bank Co. Ltd. (03618.HK) posted on Monday a net profit of 1.53 billion yuan (US$251.4 million) for the three months to September, up 12.7 percent from a year earlier but down 4.4 percent from the second quarter. Its non-performing loan ratio at the end of September was down 0.03 percentage point from end-June to 0.7 percent, while loan-to-deposit ratio was up 0.5 point at 57.29 percent, according to its regulatory filing. For the first nine months of the year, net profit was up 14.1 percent year on year at 4.74 billion yuan, or 51 fen per share, the filing said.

– Contact HKEJ [email protected]

TL/AC/CG

 

 

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