On October 29, Caixin reporters learned that several listed banks released their third-quarter reports. Among them, while Chongqing Rural Commercial Bank's assets continued to expand, its revenue and profits in the first three quarters showed a 'decline and increase' trend. As the interest margin continued to narrow, the bank's interest net income, fee, and commission net income all experienced a significant decline.

Specifically, as of the end of September this year, Chongqing Rural Commercial Bank's total assets were 1517.468 billion yuan, an increase of 5.30% over the previous year-end; total liabilities were 1385.39 billion yuan, an increase of 5.15%. Among them, customer loans and advances totaled 715.376 billion yuan, with a growth rate of 5.71%; customer deposits were 939.888 billion yuan, with a growth rate of 4.87%.

In terms of performance, Chongqing Rural Commercial Bank achieved revenue of 21.514 billion yuan in the first three quarters, a year-on-year decrease of 1.76%; while its net income attributable to the mother during the same period was 10.308 billion yuan, a year-on-year increase of 3.55%. In terms of profitability, the bank's basic earnings per share were 0.89 yuan, an increase of 0.03 yuan compared to the same period last year; the annualized weighted average return on net assets was 11.16%, a decrease of 0.54 percentage points.

Caixin reporters noted that in the first three quarters of this year, Chongqing Rural Commercial Bank's interest net income and fee-based intermediary business income experienced a significant decline, dragging its revenue further downward. However, at the same time, the bank's investment income surged by nearly 150% to 'reverse' the downturn.

Data shows that in the first three quarters, the bank's interest net income was 16.7 billion yuan, a decrease of 6.94% year-on-year. As for non-interest income, its fee and commission net income was 1.269 billion yuan, a decrease of 9.71%; while investment income reached 3.803 billion yuan, a year-on-year increase of 148.34%.

In fact, the continuous decline in net interest income also indicates that the pressure of decreasing net interest margin is still ongoing. In terms of interest margin, in the first three quarters, Chongqing Rural Commercial Bank's net interest margin was 1.61%, a further decrease of 16 basis points compared to the end of the previous year; meanwhile, the net interest spread was 1.52%, also down by 16 basis points.

Against this backdrop, Chongqing Rural Commercial Bank continues to enhance its refined management level, taking multiple measures to reduce costs and increase efficiency. In the first three quarters, the bank's business and management expenses were 5.785 billion yuan, a decrease of 14.94% compared to the same period last year. At the same time, the cost-to-income ratio was 26.89%, a decrease of 4.17 percentage points.

In addition, in terms of asset quality, in the first three quarters, chongqing rural commercial bank's non-performing loan ratio has improved, maintaining a strong overall risk coverage capability. As of the end of September, the bank's non-performing loan balance was 8.372 billion yuan, an increase of 0.313 billion yuan from the end of the previous year, while the non-performing loan ratio decreased by 0.02 percentage points to 1.17%. At the same time, the bank's provision coverage ratio was 358.59%, a decrease of 8.11 percentage points from the end of the previous year, but still at a relatively high level.

On the other hand, chongqing rural commercial bank's overall capital adequacy level has also improved. The bank's core Tier 1 capital adequacy ratio was 13.83%, an increase of 0.3 percentage points from the end of the previous year; Tier 1 capital adequacy ratio was 14.50%, an increase of 0.26 percentage points. In comparison, its capital adequacy ratio decreased by 0.3 percentage points from the end of the previous year, dropping to 15.69%.