Chinese Commercial Banks Sees Net Profits of 1.5118 Trillion for First Three Quarters

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China’s commercial banks saw easing growth in net profits for the first three quarter of 2018 according to the latest official data.

Commercial banks in China posted net profits of 1.5118 trillion yuan for the first three quarters of 2018, for YoY growth of 5.91% and a deceleration of 1.49 percentage points compared to the same period last year according to data from the China Banking and Insurance Regulatory Commission (CBIRC).

The average asset-profit ratio of Chinese commercial banks was 1.00%, for a decline of 0.03 percentage points compared to the preceding quarter, while the average rate of return on capital was 13.15%, for a decline of 0.55 percentage point decline.

The domestic and foreign currency assets of China’s banking sector financial institutions was 264 trillion yuan as of the end of the third quarter, for YoY growth of 7.0%.

Large-scale commercial banks held domestic and foreign currency assets of 98 trillion yuan for YoY growth of 6.9%, accounting for a 37.2% share.

Joint stock banks held domestic and foreign currency assets of 46 trillion yuan, for YoY growth of 4.0%, accounting for a 17.3% share.

The domestic and foreign currency liabilities of banking sector financial institutions were 243 trillion yuan, for YoY growth of 6.6%.

Large-scale commercial banks had liabilities worth 91 trillion yuan, for YoY growth of 6.7%, accounting for a 37.3% share, while joint stock banks had liabilities of 43 trillion yuan, for YoY growth of 3.4%, accounting for a 17.5% share.

The non-performing loan balance of Chinese commercial banks stood at 2.03 trillion yuan as of the end of the third quarter, for an increase of 75.1 billion yuan compared to the preceding quarter. The NPL ratio was 1.87%, for a rise of 0.01 percentage points compared to the preceding quarter.

As of the end of the third quarter the liquidity ratio of Chinese commercial banks was 52.94%, for an increase of 0.52 percentage points compared to the preceding quarter.

The renminbi excess reserves ratio was 1.89%, for a decline of 0.29% compared to the preceding quarter.

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