BEIJING, Oct. 30 (Xinhua) -- Bank of Jiangsu Co., Ltd. (600919.SH) Monday reported that its net profit rose 11.67 percent year on year to about 10.26 billion yuan in the first three quarters of 2018.
As of the end of September, the total assets of the bank reached 1.94 trillion yuan, an increase of 9.53 percent compared with the end of last year, while the operating revenue grew 1.69 percent from a year earlier to about 26.07 billion yuan.
The bank's return-on-investment surged 1,199.04 percent to 2.45 billion yuan thanks to the development of fund business.
Net interest income of the bank fell 9.10 percent year-on-year to 18.94 billion yuan for the first three quarters due to the increase in interest expenses.
By the end of the third quarter, the bank's non-performing loan (NPL) ratio was 1.39 percent, 0.02 percentage point lower than that in the end of the last year. Its provision coverage ratio stood at 185.04 percent. (Edited by Wu Shuang, wushuang2018@xinhua.org)
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