Bank Of China And Other Four Banks Made A Net Profit Of 229 Billion &Nbsp In The First Three Quarters, And Net Interest Income Increased Sharply.

According to the three quarterly report, as of September 30th, ABC, Bank of China, CITIC Bank and Shenzhen Development Bank achieved a net profit of 228 billion 975 million yuan, representing an increase of 33.65% over the same period last year.

Substantial increase in net interest income

Three quarterly bulletin shows that ABC, Bank of China and CITIC

Bank of China indicated that the credit structure of the bank in the first three quarters was further optimized.

The ratio of loans to local government financing platforms and overcapacity industries has declined, and the credit growth rate of the real estate industry has dropped significantly.

The income level of new RMB loans has increased substantially, with an average interest rate of 6.43%, an increase of 125 basis points over the previous year, of which corporate lending, trade financing and personal loan interest rates rose by 124, 144 and 151 basis points respectively.

The level of new RMB loans has greatly increased.

The three quarterly report released by CITIC Bank shows that as at September 30th, the CITIC Bank Group achieved net interest income of 46 billion 966 million yuan, up 34.96% over the same period last year, and the net interest margin was 2.96%, up 0.35 percentage points compared to the same period last year. The net income of non interest earned was 8 billion 490 million yuan, an increase of 58.51% over the same period, and the net income of non interest accounted for 15.31% of its operating income.

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In the first three quarters, the quality of commercial banks' assets continued to be optimized, and the balance and ratio of non-performing loans continued to maintain a downward trend.

The balance of non-performing loans of Agricultural Bank, Bank of China and CITIC Bank decreased by 12 billion 449 million yuan, 590 million yuan and 266 million yuan respectively than the end of last year, and the rate of non-performing loans decreased by 0.43, 0.11 and 0.07 percentage points respectively, compared with the end of last year.

Provision for commercial banks

In the three quarterly report, the bank said that in the three quarter, the bank further reduced the exposure of European and American bonds and maintained adequate reserves.

At the end of 9, the Bank of China held RMB 97 billion 83 million yuan in European country bonds, most of which were issued by the governments of the United Kingdom, Germany, Holland, France and Switzerland and all kinds of agencies, and the risks were relatively low.

Bank of China does not currently own bonds from Portugal, Ireland, Greece and Spain. The book value of bonds issued by the Italy government and various institutions is only 454 million yuan, and the related impairment allowance has been prepared to balance 47 million yuan.

In addition, with the completion of CITIC Bank's refinancing, the pressure on risk assets of CITIC Bank was further alleviated, with a capital adequacy ratio of 12.83% and a core capital adequacy ratio of 10.43%, meeting the requirements of various regulatory indicators.