Bank of Jiangsu profit up 31 pct in 2021-Xinhua

Bank of Jiangsu profit up 31 pct in 2021

Source: Xinhua

Editor: huaxia

2022-01-16 16:49:30

BEIJING, Jan. 16 (Xinhua) -- The Bank of Jiangsu saw rising profits in 2021 with a lower bad loan ratio, the bank said in an earnings estimate.

Net profit attributable to shareholders for the bank jumped 30.72 percent year on year in 2021, while its revenue rose 22.58 percent from a year earlier, the bank said in a filing with the Shanghai Stock Exchange.

The non-performing loan ratio of the bank was down 0.24 percentage points from a year earlier to 1.08 percent, while its provision coverage rate increased more than 50 percentage points, indicating greater ability to withstand risks, according to the filing.

The result is preliminary and may differ from the final earnings report, the bank said.