前三季度，无锡银行实现营业收入36.25亿元，同比增长3.82%；归母净利润17.66亿元，同比增长5.37%。总资产2,530.87亿元，较年初增幅7.72%。对于提升明年的营收业务和利润增速，无锡银行董事、行长陈红梅在三季度说明会上表示，一是本地传统业务稳健增长，推进贷款投放；二是坚持普惠零售转型战略；三是稳定中间业务收入；四是拓宽思路做优资金业务。Wuxi Rural Commercial Bank held the earnings conference for the third quarter of 2024 and stated that after the reduction of existing mortgage rates, it will to some extent reduce the bank's interest income from mortgage loan business, but the overall impact is not significant. At the same time, the rate reduction will, to a certain extent, reduce customers' willingness to repay in advance, which will have a positive effect on stabilizing business scale.
Financial Union News December 5th (Reporter Cao Yunyi) This afternoon, Wuxi Rural Commercial Bank held the earnings conference for the third quarter of 2024. At this earnings conference, how to increase profit growth speed, dividends, and other hot issues are still widely concerned by investors.
When discussing the impact of the reduction of existing mortgage rates on banks, the management of Wuxi Rural Commercial Bank stated that after the reduction of existing mortgage rates, it will to some extent reduce the bank's interest income from mortgage loan business, but the overall impact is not significant. At the same time, the rate reduction will, to a certain extent, reduce customers' willingness to repay in advance, which will have a positive effect on stabilizing business scale.
In the first three quarters, Wuxi Rural Commercial Bank achieved revenue of 3.625 billion yuan, a year-on-year increase of 3.82%; net income attributable to shareholders was 1.766 billion yuan, a year-on-year increase of 5.37%. Total assets reached 253.087 billion yuan, an increase of 7.72% from the beginning of the year. To enhance next year's revenue business and profit growth speed, Wuxi Rural Commercial Bank's director and president Chen Hongmei stated at the third-quarter conference: first, steady growth in local traditional business, advancing loan distribution; second, adhering to the global strategy of inclusive retail transformation; third, stabilizing intermediary business income; fourth, broadening perspectives to optimize fund business.
At the end of the third quarter, Wuxi Rural Commercial Bank's total loans amounted to 154.153 billion yuan, an increase of 7.77% from the beginning of the year, total deposits amounted to 213.489 billion yuan, an increase of 9.97% from the beginning of the year. Regarding the impact of the decrease in outstanding loans, the Secretary of the Party Committee of Wuxi Rural Commercial Bank, Tao Chang, stated that the overall scale of the bank's outstanding mortgage loans is not large, and after the reduction of existing mortgage rates, it will to some extent reduce the bank's interest income from mortgage loan business, but the overall impact is not significant. At the same time, the rate reduction will, to a certain extent, reduce customers' willingness to repay in advance, which will have a positive effect on stabilizing business scale.
From the perspective of asset quality, at the end of the third quarter, Wuxi Rural Commercial Bank's non-performing loan ratio was 0.78%, with a provision coverage ratio of 499.28%. Wuxi Rural Commercial Bank's provision coverage ratio decreased by 23.29 percentage points from the beginning of the year, but still remains at a high level of 499.28%, far exceeding the regulatory requirement of 120%-150%.
Regarding the call from investors to increase the dividend payout ratio, Tao Chang pointed out that on one hand actively returning value to shareholders, and on the other hand reasonably determining profit retention to continuously enhance the accumulation of internal capital. "When formulating dividend policy proposals, we will comprehensively consider regulatory policy guidance, our own development situation, capital adequacy level, and other factors, taking into account the overall interests of all shareholders and the sustainable development of the bank, striving to enhance the stability and sustainability of dividends."