Chongqing Rural Commercial Bank Posts over 13% Growth in Net Profits in 2021

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Leading regional lender Chongqing Rural Commercial Bank saw a double-digit surge in its net profits in 2021, as the Chinese economy continued to recover from the impacts of the COVID-19 pandemic.

In 2021 Chongqing Rural Commercial posted 30.842 billion yuan in operating revenues, for year-on-year (YoY) growth of 9.42%, according to its annual report released on 30 March.

Net profits were 9.718 billion yuan, for YoY growth of 13.47%, while the weighted average return on assets was 9.87%, for a YoY rise of 0.59 percentage points.

Net interest revenues in 2021 were 26.235 billion yuan, while non-interest revenues were 4.607 billion yuan, for YoY growth of 8.19% and 17.01% respectively.

Non-interest revenues accounted for 14.94% of operating revenues, for a YoY increase of 0.97 percentage points.