News Column

BoCQ H1 Net Up 18.1%

August 20, 2014

CHONGQING, August 20, SinoCast -- Bank of Chongqing (BoCQ) recorded net profits attributable to shareholders of CNY 1.667 billion in the first half of this year, growing 18.1% over the same period of a year earlier.

Basic earnings per share were CNY 0.62, falling CNY 0.08.

As of June 30, 2014, total assets increased 9.4% over the end of last year to CNY 226.176 billion; net loans and advances to customers grew 9.9% to CNY 97.435 billion; customer deposits increased CNY 19.201 billion or 12.9% to CNY 168.002 billion.

As of the end of the first half of this year, non-performing loans (NPL) outstanding hit CNY 535 million, adding CNY 181 million over the end of last year; NPL ratio was 0.54%, up 0.15 percentage points; specially-mentioned loans accounted for 1.03% of NPL outstanding, up 0.36 percentage points.

Capital adequacy ratio (CAR) was 12.09%, down 1.17 percentage points over the beginning of the year; tier 1 CAR and core tier 1 CAR was 10.53% both, down 0.29 percentage points.

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Source: Sinocast Banking & Credit Beat (China)

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