Bank of Nanjing Sees over 20% Rise in Net Profits, More than 50% Increase in Net Non-Interest Revenues

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Regional lender Bank of Nanjing has posted a robust growth in revenue and profits for the first half of 2022.

Bank of Nanjing’s operating revenues for the first half of 2022 totalled 23.532 billion yuan, for year-on-year (YoY) growth of 16.28%, according to its mid-year report released on 15 August.

Net non-interest revenues totalled 9.992 billion yuan, for YoY growth of 50.91%. Net non-interest revenues comprised 42.46% of operating revenues, for an increase of 9.74 percentage points compared to the same period last year.

Bank of Nanjing reported 10.151 billion yuan in net profits attributable to the parent company for the first half of 2022, for a YoY rise of 20.07%.

As of the end of June Bank of Nanjing’s total assets were 1.912367 trillion yuan, for an increase of 9.34% compared to the start of the year.

Its tier-1 core capital adequacy ratio was 9.85%, while its tier-1 capital adequacy ratio was 10.67% and its capital adequacy ratio was 13.02%.

As of the end of June Bank of Nanjing’s non-performing loan (NPL) ratio stood at 0.90%, for a decline of 0.01 percentage points compared to the start of the year. The provisions coverage ratio was 395.17%.

Special-mentioned loans stood at 0.83% of all loans, for a decline of 0.39 percentage points compared to the start of the year, while overdue loans stood at 1.18%, for a decline of 0.08 percentage points.