Municipal lender the Bank of Nanjing (BON) has seen surging growth in its net profits in the first half of 2022.
BON’s operating revenues were 23.532 billion yuan for the first half of 2022 reflecting year-on-year (YoY) growth of 16.28%, according to its first half performance report published on 3 July.
Net profits attributable to the parent company were 10.15 billion yuan for the period, for YoY growth of 20.06%.
As of the end of June BON’s total assets were 1.914622 trillion yuan for an increase of 165.675 billion yuan, or 9.47%, compared to the start of the year.
Total deposits were 1.222931 trillion yuan, for a 14.11% increase compared to the start of the year, while total loans were 903.617 billion yuan, for an increase of 14.34%.
The parent company real estate loan balance was 129.3 billion yuan, accounting for a 14.5% share.