Financial News
Written by: Zhang Weilun
2020-10-29 23:26
Last update date: 2020-10-29 23:26
Postal Savings Bank of China (1658) announced the results for the third quarter ended September this year. Net profit attributable to shareholders was 19.186 billion yuan (RMB ‧ the same below), an increase of 13.48% year-on-year; net profit attributable to shareholders after deducting non-recurring gains and losses was 191.17 100 million yuan, an increase of 17.2% year-on-year.
The bank also pointed out that the net profit attributable to shareholders for the first three quarters of this year was 52.844 billion yuan, down 2.66% year-on-year, and the net profit attributable to shareholders after deducting non-recurring gains and losses was down 1.47% year-on-year.
During the period, net interest income was 186.403 billion yuan, an increase of 4.03% year-on-year, with a net interest margin of 2.35% and a net interest yield of 2.4%.
Net fee and commission income was 14.952 billion yuan, up 11.18% year-on-year.
As of the end of September this year, the bank's non-performing loans amounted to 49.762 billion yuan, the non-performing loan ratio was 0.88%, and the provision coverage ratio was 403.21%.
The Tier 1 core capital adequacy ratio was 9.51%, the Tier 1 capital adequacy ratio was 11.81%, and the capital adequacy ratio was 13.86%.
China Postal Savings Bank Corporation Performance