Financial Services Association, October 29 (Reporter Shi Sitong) On October 29, a number of listed banks intensively released reports for the third quarter of 2024. Among them, the Bank of Chengdu's operations for the first three quarters was also disclosed.

Overall, since this year, the scale of the Bank of Chengdu's business has continued to expand, and both revenue and net profit have maintained both growth. However, behind this, many data increases, such as the bank's net interest income and intermediary business revenue, have declined, and pressure on interest spreads continues.

Specifically, as of the end of September this year, Bank of Chengdu's total assets reached 1221.638 billion yuan, an increase of 11.95% over the end of the previous year; total liabilities were 1144.574 billion yuan, an increase of 12.22% over the end of the previous year. Among them, total deposits were $874.672 billion, an increase of 12.08%, and total loans were $722.312 billion, an increase of 15.43%.

In terms of performance, in the first three quarters of this year, Bank of Chengdu achieved operating income of 17.241 billion yuan, still maintaining a year-on-year increase of 3.23%, but the growth rate fell 1.05 percentage points from the first half of the year; however, the bank's net profit to mother in the first three quarters was 9.038 billion yuan, up 10.81% year on year, a slight increase of 0.21 percentage points over the first half of the year.

In terms of profitability, the bank's basic earnings per share for the first three quarters were 2.37 yuan, up 9.72% year on year; the weighted average return on net assets was 13.16%, down 0.59 percentage points from the same period last year.

A Financial Services Association reporter noticed that in terms of further segmentation of performance, many data such as net interest income and intermediary business revenue for the first three quarters of the Bank of Chengdu continued to grow, but the growth rate has slowed compared to the first half of this year.

According to the data, the bank achieved net interest income of 13.604 billion yuan in the first half of the year, an increase of 1.78% over the previous year. This increase was 0.13 percentage points lower than in the first half of the year. Meanwhile, the bank's net revenue from handling fees and commissions was 0.452 billion yuan, up 15.92% year on year; investment income was 3.081 billion yuan, up 20.32% year on year, with increases of 16.02 and 18.11 percentage points respectively.

In terms of asset quality, the Bank of Chengdu's overall non-performing ratio continues to be optimized, and risk compensation is sufficient. As of the end of September, the bank's non-performing loan ratio was 0.66%, down 0.02 percentage points from the end of the previous year, the same as in the first half of the year. At the same time, the bank's provision coverage rate was 497.40%, down 6.89 percentage points from the end of the previous year, but up from mid-year data.

At the same time, as an important indicator reflecting banks' resilience to risk, the Bank of Chengdu's overall capital adequacy ratio level has also improved. By the end of September, the bank's capital adequacy ratio was 13.40%, up 0.51 percentage points from the end of the previous year; the Tier 1 capital adequacy ratio was 9.11%, up 0.13 percentage points; and the core Tier 1 capital adequacy ratio was 8.40%, up 0.18 percentage points.