News Column

CRCB H1 Net Up 11.62%

August 18, 2014



CHONGQING, August 18, SinoCast -- Chongqing Rural Commercial Bank (CRCB) recorded net profits attributable to shareholders of CNY 3.591 billion in the first half of this year based on the international accounting standards, growing 11.62% over a year earlier.

By the end of this June, non-performing loan (NPL) outstanding hit CNY 1.924 billion, adding CNY 275 million over the end of the previous year; NPL ratio was 0.85%, up 0.05 percentage points over the end of the previous year; specially-mentioned loans accounted for 2.59% of NPL outstanding, up .03 percentage points over the end of the previous year.

By the end of the reporting period, capital adequacy ratio (CAR) was 12.68%, down 0.96 percentage points over the end of the previous year; core CAR dropped 2.14 percentage points to 10.37%; core tier 1 CAR and tier 1 CAR was 9.80% both, down 2.05 percentage points.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Sinocast Banking & Credit Beat (China)


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters