On January 10, Industrial Bank Co.Ltd(601166) released the announcement of 2021 annual performance express. In 2021, the bank realized a total profit of 95.31 billion yuan, a year-on-year increase of 24.37%; The net profit attributable to the shareholders of the parent company was 82.68 billion yuan, a year-on-year increase of 24.1%.
In terms of asset quality, by the end of 2021, Industrial Bank Co.Ltd(601166) non-performing loan balance was 48.714 billion yuan, a decrease of 942 million yuan compared with the end of the previous year; The non-performing loan ratio was 1.1%, down 0.15 percentage points from the end of the previous year; The provision coverage rate was 268.73%, an increase of 49.9 percentage points over the end of the previous year.
(source: Beijing business daily)
