On April 29, Bank Of Chongqing Co.Ltd(601963) released its first quarterly report, which showed that the bank’s net profit attributable to the parent company in the first quarter was 1.443 billion yuan, an increase of 0.64% year-on-year. The operating income was RMB 3.184 billion, with a year-on-year decrease of 12.91%, mainly due to the decline of fair value caused by the impact of market environment on the trading financial assets held by the bank.
By the end of March, Bank Of Chongqing Co.Ltd(601963) assets totaled 643.15 billion yuan, an increase of 3.91% over the beginning of the year. The non-performing loan ratio was 1.30%, unchanged from the end of the previous year. The provision coverage rate was 270.32%, down 3.69 percentage points from the end of the previous year.
