CCB net profit rose nearly 30% in the first three quarters

This reporter Zhang Zhahui as of 30th, workers, farmers, China, built, five state-owned large commercial banks have been out of the three quarterly, data show that the five major lines in the first three quarters to achieve net profit of 421.217 billion yuan, year-on-year growth of 29.11%, the overall show a faster performance growth. CCB (601939) 30th issued three quarterly bulletin, the first three quarters of the net profit of CCB 1,106 4.1 billion yuan, an increase of 28.41%.　　CCB said that due to net interest income, fees and commissions net income increased significantly from a year ago, and asset impairment losses compared with the same period a year ago, the increase in profits contributed significantly. As of the end of September, ICBC net profit of as high as 127.8 billion yuan, continue to sit "the world's most profitable bank", ABC, BOC, the bank's net profit is 70.185 billion yuan, 82.96 billion yuan and 29.636 billion yuan respectively.　　And from the profit growth rate, the first three quarters of agricultural bank growth up to 36.32%, ranking five major net profit growth first. Interest income contributes the most to the five main lines of income. ICBC said further optimization of the credit structure had boosted loan yields and a steady rise in net interest income. In the first three quarters, ICBC, ABC, BOC, CCB and the first half of the bank paid net interest income of 221.663 billion yuan, 174.023 billion yuan, 140.804 billion yuan, 1,821 8.1 billion yuan and 61.5 billion yuan, the year-on-year growth of 24.36%, 36.09%, 21.79%, 17.1%　　and 30.37%. The balance of non-performing loans and non-performing loan rate, as at the end of September, the four major lines of workers, agriculture, middle and construction continue to maintain double drop. Although the non-performing loan rate at the end of the third quarter fell by 0.14% compared with the beginning of the year, the Non-performing loan balance was 26.584 billion yuan, which increased by 1.575 billion yuan at the beginning of the year.　　The bank's non-performing loan balance was reduced by 9.549 billion yuan from the end of last year, and non-performing loan rate dropped to 1.14%, down 0.36% from last year. Five major lines continue to insist on balanced and stable accounting for impairment of assets, the third quarterly report disclosed that the value of the non-performing loan ratio up to 213.48%, compared with the end of last year's increase of 37.71%, the ability to resist risk further enhanced.　　During the period of AgBank, the coverage rate of non-performing loans increased by 54.3% to 159.7%, which met the minimum 150% level of regulatory requirements. After the first half of the intensive financing, commercial bank capital was effectively supplemented, capital adequacy ratio and core capital adequacy ratio increased. As of September 30, AgBank's core capital adequacy ratio was 9.75%, and the capital adequacy ratio was 11.38%, up 3.03% and 3.07% respectively. After the issuance of 40 billion convertible bonds in BOC, the capital adequacy ratio and core capital adequacy ratio reached 11.73% and 9.35% respectively at the end of September, and increased by 0.59 and 0.28% respectively at the end of last year. The three-quarter capital adequacy level of CCB remained stable, capital adequacy ratio and core capital adequacy ratio were 11.64% and 9.33%. At present, ICBC, BOC, CCB and the bank's capital adequacy ratio have reached more than 11.5% of the requirements of the regulatory level.