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Bank of Jiangsu net profit up 15 pct in H1
Date:2019-08-21  Source:Xinhua
 Bank of Jiangsu Co., Ltd., a Chinese joint-stock commercial bank, posted a 14.9 percent net profit growth in the first half of 2019.

Its net profit reached 7.87 billion yuan (1.12 billion U.S. dollars), compared to 6.85 billion yuan in the same period last year, the lender said in its interim results report filed to the Shanghai Stock Exchange Tuesday.

The bank, headquartered in Nanjing, capital of east China's Jiangsu Province, generated a revenue of 21.9 billion yuan, an annual increase of 27.3 percent.

Its total assets reached 2.05 trillion yuan by the end of June, up 6.3 percent from the end of last year, the bank said.

Its non-performing loan ratio stood at 1.39 percent at the end of June, flat from half a year ago.

In addition, the lender's provision coverage ratio, a measure of funds set aside to cover bad loans, rose by 13.7 percentage points in six months to 217.6 percent. 

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